The document outlines a 5-step thought process for discovering threats in mobile applications: 1) Identify assets to protect and why, 2) Determine where attacks could occur, 3) Consider what could go wrong, 4) Evaluate existing protections, and 5) Accept residual risks. It also discusses threat modeling concepts like assets, attackers, attacks surfaces, STRIDE threats, and the DREAD risk assessment method. The OWASP mobile security risks are presented, such as data leakage, weak authentication, and third-party code issues.