Verizons Mobile Security Index 2018 found that companies that knowingly choose expediency over security are more than twice as likely to suffer a data breach. Only 1 in 7 companies have taken all four basic security precautions outlined in the Verizon report. Only 14 percent of respondents rated their current degree of protection as very effective and only 14 percent said they had a very effective level of protection. Mobile malware operators set their sights firmly on monetization adding ransomware capabilities to traditional banking Trojans.”]