In the ever-evolving realm of digital, experts believe that safeguarding mobile applications from cyber threats is a must. It is believed that Runtime Application Self-Protection (RASP) for mobile applications can be a game-changer. Runtime Application Self-Protection (RASP) can empower users to protect their mobile applications with precision and agility. RASP’s influence spans various facets of application security, from enhancing defence strategies to adapting to emerging threats and meeting market demands. “RASP can be viewed as more than just a security solution. RASP can represent a transformative approach to modern cybersecurity, securing applications with the proactive defence and adaptability needed to counter evolving mobile threats. In the future RASP can potentially drive innovation in this mobile application security space to ensure the security and resilience of mobile applications in an increasingly hostile threat landscape,” Manish Mimani, founder, CEO, Protectt.ai, told FE-TransformX.
The global mobile threat defence market stood at $ 2.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25.2% from 2023 to 2030, as per insights from Grand View Research. From what is understood, mobile threat defence (MTD) is a strategic approach involving solutions and strategies to cater to cyber threats and malware attacks on mobile applications. Industry experts believe the rising prevalence of data theft, hacking, and ransomware attacks is creating a higher demand for MTD. The dependency on mobile browsing is increasing compared to desktops, and laptops and can be the key factor expected to drive the demand for the Mobile threat defence market during the forecast period.
Industry experts believe that there were about four billion mobile application users in 2022, with 4.2 hours spent by every average user every day on mobile applications. These numbers are expected to show the fact that there is a need to tackle problems posed by data leakage and data breach in this domain. It is expected that globally, there were over 200 million malware-infected mobile applications incidents in 2022. “Increasingly, RASP technology is becoming essential in protecting user data and demonstrating the commitment to data privacy and security. Mobile applications RASP can act as a guardian, adapting and learning in real-time to thwart emerging threats, ensuring that innovation can flourish without compromise,” Aditya Darolia, co-founder, PedalStart, explained
Understandably traditional security measures rely on static rules and signatures, rendering them susceptible to zero-day exploits and novel attack vectors. However, RASP with an agentless extended detection and response (XDR) platform, continuously analyses application behaviour, learning and responding to emerging threats on runtime. This eventually helps to ensure that sensitive mobile applications remain protected even if threat landscapes evolve. Applications such as Appdome’s ThreatScope Mobile XDR is an agentless extended detection and response (XDR) platform for Android and iOS applications, among others. With ThreatScope, users can monitor and respond to the mobile applications’ security, fraud, malware, cheat, and bot vectors, among others. The application is also expected to impact in-production mobile applications, analyse trending attacks and threats, make data-driven decisions about which protections to deploy in each attack and provide protections against live attacks, among others.
The global Runtime Application Self-Protection (RASP) can reach a revenue of $6 billion by the end of 2035 with a CAGR of about 33% from 2023-2035, as per insights from Research Nester. As per the Vulnerability Statistics report, about 50% of internal applications and 32% of web application vulnerabilities can pose a greater risk. At its core, RASP is expected to use a defence mechanism connected directly to applications. If embedded with XDR capabilities, it can provide a more comprehensive and proactive security posture for mobile applications to self-protect in real-time, detecting, and thwarting threats as they arise. “In today’s landscape, where mobile applications have become an integral part of our lives, security is paramount. RASP represents a paradigm shift in the way we safeguard our mobile apps and the sensitive data they handle. Embracing RASP technology is not just a choice but a necessity. With RASP, we’re not just keeping up with the digital world but also setting new standards for mobile applications security, ensuring that our client’s data remains safe in an ever-evolving landscape,” Narayan Mishra, CTO, co-founder, Tummoc, concluded.
