OneSpan’s Mobile App Shielding: How to Reduce Fraud, Save Money, and Protect Revenue

News | 31.05.2024

The FBI has warned consumers that an increase in mobile app-based banking Trojan activity was expected as a result of pandemic-driven increases in mobile banking activity. Cybercriminals are now investing more time and money than ever in attacking the mobile channel. To combat this, banks and FIs need to empower their mobile app developers with effective, efficient tools to apply proactive, client-side security measures.

OneSpan's Mobile Application Shielding:

  • App Protection: Strengthen your app's resistance to intrusion, tampering, reverse-engineering, and malware
  • Scalable Mobile App Security: Fortify your app against the latest mobile threats without hindering deployment frequency or speed
  • Customer Experience: Serve more customers – even on jailbroken or rooted devices – while reducing risk
  • Compliance: Add strong data protection controls to support compliance with regulations such as PSD2, GDPR, and more
  • DevSecOps: Automate app shielding via integrations with your dev teams’ favorite CI/CD tools

Financial institutions trust OneSpan to detect and mitigate even the most sophisticated attacks

OneSpan Mobile Security Suite proactively manages the real threat of sophisticated malware with app shielding and runtime application self-protection (RASP) to effectively detect and stop malicious activities before they do damage.

Customer Experience:

Protect users from the latest mobile threats without getting in the way

Financial institutions lack visibility into the security status of their customers’ mobile devices. The OneSpan application shielding solution protects a mobile banking app from the inside out. It allows the app to securely operate even in potentially hostile environments, such as jailbroken or rooted iOS and Android devices – and only deny service when absolutely necessary.

This is the first time that we've used a system that is based on the smartphone, because until this product, we were convinced that the smartphone is, by definition, an insecure device. When we saw the way that OneSpan enforces the security on the smartphone, we were convinced that finally, here was a product that guarantees us a high level of security.

Alexander Kieswetter, CIO, Raiffeisen Information Systems

On-the-fly mobile app security to accommodate even the most demanding release schedules

Some of the largest banks and financial institutions in the world count on OneSpan App Shielding to meet their rigorous mobile app security requirements without slowing their app releases.

Whether a team of developers deploys two or hundreds of mobile apps, studies show that building mobile app protection into the app development process is a challenge for providers.

Book an individual consultation and learn how OneSpan App Shielding can apply the most advanced security available to every mobile app release in mere minutes.