Cyber security pitfalls to watch out for in 2016

Easy availability of mobile hacking kits on Tor, a flurry of new banking and FinTech entrants, and the race to launch applications quickly would create the perfect storm for security practitioners. By Vaibhav Khandelwal Executives from every large technology corporation are making a beeline to be part of the government’s growth agenda and enable India leapfrog from the Industrial age to Information Age. Central to the growth strategy of consumer facing businesses, startups and Venture Capital funding new industries is a little 3x5 inch real estate constituting Indium tin Oxide, Glass & Rare Earth metals – the mobile phone. Meet SPITMO - an acronym for Spy Eye in the Mobile – this Trojan malware gets installed onto your phone if you download a rogue or cloned app on your Android device.