Security threats to mobile devices, which are an integral part of digital insurance and banking apps, are increasing daily, but many organizations remain oblivious to the risks. Comodo Threat Research Labs, based in Clifton, New Jersey, detailed in a blog the top 5 mobile device security threats and ways to protect against them see the gallery above. Comodo also provided four best practices to prevent those threats, including: |

  1. Avoiding connecting to unsecured Wi-Fi networks, such as public Wi-Fi hotspots;
  2. Downloading apps from trusted sources, such as the Google Play Store and iOS App store, and not from unreliable third-party sources;
  3. Being wary of unsolicited calls or messages; and
  4. Mitigating mobile device attacks from penetrating the corporate environment, such as using the Comodo Mobile Device Management solution, which provides controls needed to secure, manage and monitor all the employe­e-owned mobile devices that access critical business data.

In a separate announcement, Comodo Cybersecurity presented its threat analysis for the first quarter of Q1 2018, which revealed cryptominers (who use a process in which transactions for various forms of cryptocurrency are verified and added to a blockchain digital ledger) surging to the top of detected malware incidents, displacing ransomware, which declined significantly in volume, as the number one threat. "Malware, like cyberspace itself, is merely a reflection of traditional, 'real-world' human affairs, and malware is always written for a purpose, whether it's crime, espionage, terrorism or war," Dr. Kenneth Geers, chief research scientist at Comodo Cybersecurity, said. "Criminals' proclivities to steal money more efficiently were evident with the surge in cryptomining. And the continued strong correlation of attack volume with current geopolitical events shows hackers of all motivations are well aware of the opportunities major breaking news provides them." Michael Ogden ([email protected]) is executive editor for Credit Union Times, an ALM Media sister publication.

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Michael Ogden

Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.