Financial Security Institute, Mobile App Security Application Case for ISO Audit Passing
With the recent rapid growth of the fintech industry, the level of security requirements for financial apps is also increasing day by day. In particular, in order to pass various domestic and international security certifications and audits such as ISO/IEC 27001, Financial Security Institute Security Review, and Electronic Financial Supervision Regulations, the security system of the app itself is very important.
To meet these security standards, many fintech companies are introducing mobile app security solutions, and LIAPP is a representative example that is attracting attention.
Successful Story of LIAPP Introduction by Fintech Company A
These days, if a company is preparing or operating a fintech service, the first wall they face is the security audit. In particular, if they fail to pass the Financial Security Institute's prior security review, ISO 27001 certification, and Electronic Financial Supervision Regulations, it will be difficult to be authorized as an official financial service, and it may also hinder partnerships with partners or attracting investment.
In this post, we will introduce the necessity of mobile app security and the actual application effect in detail through the case of fintech company ‘A’ that actually introduced LIAPP and passed the security audit.
Fintech company A, the reality faced before the financial security audit
In the second half of 2024, fintech company A completed the development of a simple investment platform app and was preparing for the service.
In order to launch the service, it was essential to receive the Financial Security Institute’s security review and ISO 27001 certification, but after reviewing the audit items, there were many security requirements that were much more complicated and demanding than expected.
• App forgery/alteration detection and response function
• Blocking execution of rooted/jailbroken devices
• Blocking malicious apps, debugging tools, and emulators
• Encryption of important data (tokens, sessions, user information)
• Source code protection and reverse engineering prevention
If there is a vulnerability in even one of these, it will be difficult to pass the certification audit, and there is a high risk of an actual security incident.
The problem was that there was a lack of internal security personnel and no ability to develop security functions directly. At a time when concerns were growing within the team that “it might take months just to implement the security module,” the solution that Company A focused on was LIAPP.
Decision to introduce LIAPP – Strengthening security quickly and reliably
Company A considered the following criteria when reviewing the introduction of a security solution:
• Must be able to meet security review items
• Must be easy to introduce and not affect the development schedule
• Must have proven cases in domestic financial/public institutions
The solution that met all three of these criteria was LIAPP.
LIAPP is a mobile app security service provided by Lockin Company that comprehensively strengthens app security through the following main functions:
Anti-counterfeiting and hacking detection
LIAPP detects forgery and tampering in real time while the app is running, and if a manipulated app or hacking tool is detected, the app is immediately terminated or user access is blocked. This plays a key role in ensuring the integrity of the app.
Rooting/jailbreak detection
Running apps on rooted devices is extremely risky in terms of security. LIAPP effectively blocks rooting, jailbreaking, and debugging tool detection functions, and satisfies the ‘execution environment protection’ standard, which is an important item in security audits.
Source code obfuscation and encryption
Hackers try to analyze the app’s logic through decompiling. LIAPP obfuscates and encrypts the app source code itself, making reverse engineering attacks difficult, and is excellent in preventing app analysis.
Sensitive data encryption
LIAPP’s encryption logic safely protects user data, session information, and authentication tokens stored in the app, preventing leakage attempts. This is an important standard that also complies with the ‘encryption control’ item of ISO 27001.
Actual application case – ‘Passed’ security audit in 3 weeks
Company A’s development team quickly decided to introduce LIAPP because it can load all the above functions with a simple task after building the app through the web-based security application platform provided by LIAPP.
Company A achieved the following results by introducing LIAPP: • Passed Financial Security Institute pre-screening
• Satisfied with technical security items during ISO 27001 certification preparation
• Determination of ‘No Risk’ in internal security diagnosis
• Proven high resistance in external hacking simulation test
Actual review by developer of Company A
“We wanted to focus only on development, but we needed a service that didn’t require us to worry about security. LIAPP allowed us to pass the security screening without having to write our own security code, and we were very satisfied because we didn’t have to change the app structure or modify the build method to add security features.”
Security is no longer a ‘choice’ but a ‘strategy’
If you are preparing for financial and fintech services, security is not just a simple obligation, but a strategy for brand trust and service survival. In particular, if you are planning a certification screening or public institution partnership, establishing a thorough security system in advance is key, and introducing a verified security service such as LIAPP can be a very effective choice for this.
Preparing for a security screening quickly and solidly with LIAPP
The case of fintech company A shows that even a team lacking security resources can sufficiently pass the screening. With LIAPP, you can quickly meet security requirements while maintaining a high level of security without burdening the development schedule.
What if your app is in the following situation?
• Preparing for Financial Security Institute security review
• Ahead of ISO 27001 certification
• Need security check before app store registration
• Need external solution due to lack of security personnel
If you want to strengthen the security of your mobile app and be perfectly prepared from passing the review to responding to hacking, review LIAPP now.
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