With 400,000 smartphone apps now on the market, all companies must gauge their data security.

In May, a trio of researchers at Ulm University in Germany revealed that Google's Android smartphones contained a security flaw that could potentially affect nearly the entire product line. The flaw was discovered when the team found that it was "quite easy" for hackers to intercept data from Google's email, photo-sharing, calendar and contacts applications.

Not long before the Android breach, Apple came under fire after it was learned that the tech giant was collecting location information from its iPhone users. This was a unique type of data breach as it was not initiated by outside hackers but from the smartphone's parent company -- and apparently done so accidentally. And though a user's location may not be considered sensitive business information, such a weakness within the system signals that there is a strong potential for data breaches involving other, more serious material. Privacy and "big brother" concerns also abound whenever a company can collect geopositioning data on consumers.