The increasing number of data breaches and their consequences could soon hinder the growth of cloud-based mobile apps, according to a recent survey. The survey revealed 87% of consumers believe cloud-based apps are vulnerable and 54% would stop using them if hacked.

The Israel-based security firm Radware's survey, "Mobile Application Security: Consumer Perspectives and Organizational Implications," also revealed 85% believed cloud-based app providers should offer compensation or identity theft protection to consumers affected by a breach.

"Data breaches and hacks are not only on the rise, they are becoming commonplace," Ben Desjardins, director, security solutions marketing for Radware, said. "At the same time, cloud-based apps are booming, offering convenient ways to expedite and simplify daily needs from ordering a meal to requesting a car with the tap of a finger. Consumers by and large don't understand the cloud-based nature of what's behind the tap, and so companies trying to engage with customers through these apps will bear the burden of education and remediation in the event of a data breach."