The Ponemon Institute and IBM have jointly released a report which they said displays “the alarming state” of mobile insecurity.
According to the research, 40 percent of large companies – including many in the Fortune 500 – aren’t protecting the mobile apps they build.
And they’re not good against protecting their BYOD (bring your own device) gizmos against cyber attack. That leaves the gates to their corporate treasure chest effectively open.
The survey looked at security practices in over 400 large enterprises and claims that the average company doesn’t test half of the mobile apps they build. And what’s even worse is that 50 percent of these enterprises don’t devote any budget whatever towards mobile security.
IBM and the Ponemon Institute estimate that malicious code infests and infects over 11.6 million mobile devices.
The organisations surveyed spend an average of $34 million a year on mobile app development, with only 5.5 percent spending part of the budget on security.
“End user convenience is trumping end user security and privacy,” IBM said.
