The 2024 Mobile, IoT, and OT Threat Report highlights the discovery of over 200 infected applications in the Play Store, which together have over eight million downloads, emphasizing the urgent need for better security protocols in mobile app development.
Deepen Desai, Chief Security Officer at Zscaler, emphasized that cybercriminals are targeting legacy exposed assets that serve as entry points to IoT and OT environments, leading to significant data breaches and ransomware incidents.
The report indicates a troubling 45% rise in blocked IoT malware transactions, which demonstrates an escalating threat that IoT developers should urgently integrate into their security measures.
With a 29% rise in banking malware attacks, fintech developers must be acutely aware of evolving threats and cannot overlook the implementation of AI-powered zero-trust solutions to effectively manage security risks.
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