When it comes to mobile app development, large companies often fall short on security, according to a new research study from IBM and the Ponemon Institute. In fact, the average company tests less than half of the mobile apps they build.

Nearly 40% of large companies are not taking the right precautions to secure the mobile apps they build for customers, the study found. Moreover, organizations are poorly protecting their corporate devices and bring-your-own-device (BYOD) mobile fleets against cyber security attacks, creating an opportunity for hackers to easily access user, corporate and customer data, according to the study, titled "The State of Mobile Application Insecurity."

The number of mobile cyber security attacks is continuing to grow, the report notes. At any time, malicious code is infecting more than 11.6 million mobile devices. In addition, 33% of the organizations surveyed never test their apps, creating many entry points to tap into data through unsecured devices. Half of the roughly 400 organizations surveyed devote zero budget toward mobile security.

"Building security into mobile apps is not top of mind for companies, giving hackers the opportunity to easily reverse engineer apps, jailbreak mobile devices and tap into confidential data,” Caleb Barlow, vice president of mobile management and security at IBM, said in a statement.

"Industries need to think about security at the same level on which highly efficient, collaborative cyber criminals are planning attacks,” Barlow said.

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