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Metaforic to Demonstrate Mobile Software Security at FinovateAsia

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SAN JOSE, Calif.--(BUSINESS WIRE)--

Metaforic, the innovative software security company, today announced that it will demonstrate its latest technology at FinovateAsia on November 6. The demonstration will showcase Metaforic's ability to detect and respond to a range of security threats against mobile financial applications.

Mobile app security is becoming increasingly critical as mobile services and transactions increase. In the latest incident, NatWest Bank had to pull its mobile banking app after fraudsters managed to steal thousands of pounds from customers. The app, GetCash, allowed customers to withdraw money without a debit card. The Royal Bank of Scotland (who owns NatWest) admitted the app is not completely secure [ComputerWorld UK, Oct 10, 2012], and NatWest has suspended the app until further notice [BBC News, Oct 10, 2012].

“Mobile banking offers tremendous advantages for banks and their customers, yet many customers are refusing to try smartphone apps because of security concerns – and they have good reason to be worried,” said Dr. Markus Jakobsson, a well-known security researcher and Silicon Valley executive.

While most mobile security technologies focus on protecting the device, Metaforic technology works on a per-app basis at the application layer – securing it from the inside out. Andrew McLennan, CSO and founder of Metaforic, will be leading the FinovateAsia demonstration and will be available for questions. McLennan will highlight how a Metaforic-protected app can detect and respond to repackaging or real-time compromises, without relying on system administrators or consumers to guarantee perfectly protected operating environments.

Metaforic recently released a report, Mobile Banking, Consumer Security Practices and the Growing Risk to Banks, that highlights 68 percent of mobile device owners who have not adopted financial apps are holding back due to security fears.

See the demo firsthand:

Where:

 

MAX Atria at the Singapore Expo Center

When:

Tuesday, November 6

Time:

9:30 a.m., Session 1

About Metaforic

Metaforic is a leading provider of security technology for protecting mobile apps and other software from subversion, theft, piracy, tampering or other corruption. It has been proven in millions of deployed instances, from consumer software to business devices. Only software protected by Metaforic earns the Mark of Security distinction. Offices are located in the United States, EU and Japan. Further information is available at www.metaforic.com.

Metaforic, the Metaforic logo and The Mark of Security are trademarks or registered trademarks of Metaforic Ltd., and its affiliated companies in the United States and other countries.

The Hoffman Agency
Julia Sinykin, 1-508-329-3319
metaforic@hoffman.com
or
Metaforic
Angela Ausman, 1-408-236-7573
pr@metaforic.com
or
Metaforic EU
Douglas Kinloch, +44 141 225 0420

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