Application Security for the Financial Service Ecosystem

Seamless Software Protection for Financial Applications Across Multi-Platforms and Devices

Mobile Financial Services
Key industry players in the financial services ecosystem include financial institutions, retailers, operators, merchants and cards issuers and they re- defining the financial services landscape in the form of new mobile banking, commerce and payments offerings.  Given that end users are now expecting mobile financial services to be mainstream offerings, industry players, especially banks and retailers must differentiate to compete for customer satisfaction and loyalty to quickly capture market share. Fundamental to addressing the demand for mobile financial services is implementing diverse security initiatives that minimize risk and loss of control to both the providers and users.

 

Mobile Apps are Vulnerable
Attacks against all major mobile platforms - including Android, Apple iOS, Blackberry, Windows Phone, – are growing both in number and in sophistication. As the financial industry continues to undergo significant change by deploying new mobile services, such as mobile P2P transactions, remote deposit, bal­ance transfers and payment, the underlying software applications that resides in or communicates with mobile devices are subject to attack.

Financial apps are easily targeted by hacker threats due to inherent vulnerabilities that can be exploited via reverse-engineering or tamper­ing attacks. Additionally, open-source platforms, such as Android, that currently have the highest growth/adoption rates are at greater risk! Nonetheless, any jail broken mobile device can result in hackers gaining root access to mobile applications in order to analyze security logic, insert malware, subvert authentication /access controls or steal intellectual property (algorithms or keys).

 

Mobile Application Security Strengthens Financial Services
Native and managed apps that are deployed across the ecosystem are being rapidly adopted as the enable greater feature-rich and secure mobile financial services and must be protected.

 

Arxan Protects Financial Services Mobile Apps Anywhere, Anytime
Arxan is a leading provider of software security solutions that protect applications from attack in distributed or un-trusted environments. Arxan’s proven security for mobile, embedded, desktop and server environments protect financial services software against with best of breed anti-tamper and anti-reverse engineering technology.

Arxan’s mobile software security solutions offers multi-layered protection which includes a variety of security tech­nologies including static and dynamic defenses such as: obfuscation, anti-debug, repair, self-healing and anti-tamper to ensure durability, resiliency and performance in the field.

 

The value of Arxan’s mobile security with our GuardIT, EnsureIT and TransformIT solutions includes:

• Cross-platform (mobile, desktop, embedded, server) security from a single reputable vendor
• Multi-programming language protection (C, C++, .NET, Java, etc.)
• Military-grade security (both static and dynamic alerting capabilities)
• Binary based (non-intrusive to the software development lifecycle)
• Proven, and highly configurable products