Mobile security is becoming a big business ? Inc. Daily
Whether the threat of hackers is real or just perceived, the public is growing increasingly concerned about mobile security, opening the market for a slew of new security firms tapping into those fears.
In an indication of investor interest, one start-up, Lookout, last week raised $40 million from venture capital firms, including Andreessen Horowitz, bringing its total to $76.5 million. The company makes an app that scans other apps that people download to their phones, looking for malware and viruses. It automatically tracks 700,000 mobile apps and updates Lookout whenever it finds a threat.
Still, in some ways, it?s an industry ahead of its time. Experts in mobile security agree that mobile hackers are not yet much of a threat. But that is poised to change quickly, they say, especially as people increasingly use their phones to exchange money, by mobile shopping or using digital wallets like Google Wallet.
Source: http://daily.inc.com/2011/09/28/mobile-security-is-becoming-a-big-business/