Assessment of Mobile App Security Start-Up Approov

This technical report provides an independent analysis of the mobile app security company Approov, focusing on its platform designed to address API abuse, mobile app tampering, and unauthorized client access. It is intended for existing and prospective users of Approov's services, as well as investors and stakeholders interested in mobile app security. The report outlines the evolution of Approov since its founding in 2002, highlighting its recent funding and leadership changes aimed at expanding its market presence. The analysis emphasizes the critical need for improved mobile app security in various sectors, including finance and healthcare, where sensitive data is at risk. It details the platform's functionalities, including runtime integrity verification and dynamic secret delivery, which are essential for ensuring secure access to backend APIs. The report also discusses the challenges posed by current security practices and the importance of regulatory compliance in enhancing mobile app security. Overall, it advocates for a proactive approach to mobile security management.