Clifton, N.J. based Comodo Threat Research Labs detailed the top 5 mobile device security threats and ways to protect against them in a blog.

Phishing attacks, which use deceptive software that masquerades as legitimate ones to steal vital user information like user login credentials and credit card numbers.
Malware Infection, can steal data and eat up computing resources from mobile devices. They can trick users into taking actions that further compromises mobile device such as hijacking browser sessions, spying on activities, and promoting bogus or misleading adware.
Advanced persistent threats, coordinated network attack hackers used to gain access to an organization's network and data. APTs can stay undetected for a long period of time and steal data.
Untested mobile applications, which do not have clear app sources, are vulnerable to exploits. The primary reason for this is that some users tend to install apps (untested ones) from third-party sources instead of downloading it from regulated app stores.
Outdated operating systems. OS updates are a must to patch the vulnerabilities, but most users do not keep their mobile OS up-to-date. They tend to ignore or block OS updates. It compromises their mobile device security and leaves their devices vulnerable to malware and other security threats.

Comodo also provided the best practices to prevent those threats. They include avoiding connecting to unsecured Wi-Fi networks, such as public Wi-Fi hotspots; downloading apps from trusted sources, such as the Google Play Store and iOS App store, and not unreliable third-party sources; being wary of unsolicited calls or messages; mitigating mobile device attacks from penetrating the corporate environment, such as using the Comodo Mobile Device Management solution which provides controls needed to secure, manage, and monitor all the employee-owned mobile devices that access critical business data.

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