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Bethesda, Md. (PRWEB) May 14, 2012 Arxan® Technologies , the industry leader of application protection solutions thatsecure the App Economy, today announced that it will bedemonstrating its proven mobile application protection technologyat the 2012 FS-ISAC & BITS Annual Summit, booth #23, May 14-16at Turnberry Isle in Aventura, Fla. Vince Arneja, vice president of product management with Arxan, willalso be a featured speaker on the May 16 mobile security panel IsMobile Security an Oxymoron? to be moderated by Jim Routh, ManagingDirector, Global Head of Application, Internet and Mobile Securityof JP Morgan Chase. Arneja will provide insight on mobileapplication security best practices for banks and financialinstitutions. Other panelists include executives from 3LM, BoxTone,Mocana and Unisys. As the financial industry continues to be transformed via theemergence of new mobile services, such as mobile P2P transactions,remote deposit, balance transfers and payment, the underlyingsoftware applications for Android, iOS, Windows Phone and otheroperating systems that reside in or communicate with mobiledevices, are subject to attack. Security is a critical componentfor both consumer and enterprise applications that are required notonly at the network and device level, but also at the applicationlayer to thwart endpoint attacks, such as tampering,reverse-engineering, theft and fraud. In a recent study by Infosys, Ashok Vermi, member of the Board and head of theAmericas at Infosys, noted: We continue to see the business casefor technology investments here, yet for many financialinstitutions, the newly mobile world is still a daunting place. TheInfosys study underscores that to get the most ROI, banks mustprovide the same comfort and trust level across all channelsonline, in the branch, or on a mobile phone. The mobile security panel members will focus on providing theFS-ISAC executive attendees with a deeper understanding on whatmobile security issues should be prioritized to manage risk fromthe growth in mobile applications being developed for the consumermarket and internal enterprise deployment, which is accelerated bythe bring-your-own-device (BYOD) movement. Arxan also will be illustrating how banking and financial servicesapps can be easily hacked and lead to malware invasion, compromiseddata, unauthorized access and theft. Through its Bank of Arxansecurity demonstration for protecting end-to-end Android and iOSfinancial applications with its EnsureIT suite, attendees will learn how to actively defend their apps,digital assets and business models. Arxans multi-layered and multi-platform protection consists of avariety of security technologies, including static and dynamicdefenses such as: obfuscation, anti-debug, repair, self-healing andanti-tamper to ensure durability, resiliency and performance in thefield. The companys application-level security complements othermanagement/security tools (MDM, MAM/secure containers, codescanning, and SDLC), creating an additional layer of defense thatis transparent to the end-user. To this end, regulatory bodies are calling for new and enhancedsecurity protocols. According to a supplement released on June 28, 2011 by the Federal Financial InstitutionsExamination Council (FFIEC) to update the 2005 Authentication in anInternet Banking Environment guidance: Layered security cansubstantially strengthen the overall security of Internet-basedservices and be effective in protecting sensitive customerinformation, preventing identity theft, and reducing accounttakeovers and the resulting financial losses. The supplementdefines layered security as the use of different controls atdifferent points in a transaction process so that a weakness in onecontrol is generally compensated for by the strength of a differentcontrol. To ensure successful mobile adoption in the financial sector, banksand financial institutions worldwide are turning to Arxan for itseasy-to-deploy, durable and tunable mobile application protection solutions that minimize financial risk and loss of control offinancial applications that are deployed across diverse platformsand mobile devices. The 2012 FS-ISAC & BITS Annual Summit provides a critically important ingredient in defending financialinfrastructure -- coming together as an industry to share ideas andstrategies for understanding the threats and how to defend againstthem. To learn more about Arxans application security for the financialservice ecosystem please call 301.968.4290 or emailinfo(at)arxan(dot)com. ABOUT ARXAN TECHNOLOGIES: Arxan Technologies Inc. is the industry leader of applicationprotection solutions that secure the App Economy. Arxan'sapplication protection secures mobile, desktop, server and embeddedapplications against tampering and reverse engineering attacks asan integral part of end-to-end application security. Our securitydefends against unauthorized use, insertion of exploits, piracy,and theft of intellectual property for global leaders in marketssuch as Fortune 500 enterprises, financial services, ISV, gamingand digital media to proactively defend the integrity of their codeand business models. Arxans proven, scalable and durableapplication protection solutions defend, detect, alert and react toapplication attacks through a threat-based, customizable approach.Arxan Technologies is headquartered in the United States withglobal offices in EMEA and APAC. For more information, please visit. Read the full story at releases/2012_app_piracy_banking/05_mobile_security/prweb9503411.htm . 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