Mobile Augmented Reality (MAR) is a portable, powerful, and suitable technology that integrates 3D virtual content into the physical world in real-time. It has been implemented for multiple intents as it enhances people’s interaction, e.g., shopping, entertainment, gaming, etc. Thus, MAR is expected to grow at a tremendous rate in the upcoming years, as its popularity via mobile devices has increased. But, unfortunately, the applications that implement MAR, hereby referred to as MAR-Apps, bear security issues. Such are imaged in worldwide recorded incidents caused by MAR-Apps, e.g., robberies, authorities requesting banning MAR at specific locations, etc. To further explore these concerns, a case study analyzed several MAR-Apps available in the market to identify the security problems in MAR. As a result of this study, the threats found were classified into three categories. First, Space Invasion implies the intrusive modification through MAR of sensitive spaces, e.g., hospitals, memorials, etc. Then, Space Affectation means the degradation of users’ experience via interaction with undesirable MAR or malicious entities. Finally, MAR-Apps mishandling sensitive data leads to Privacy Leaks. SpaceMediator, a proof-of-concept MAR-App that imitates the well-known and successful MAR-App Pokémon GO, implements the solution approach of a Policy-Governed MAR-App, which assists in preventing the aforementioned mentioned security issues. Furthermore, its feasibility is evaluated through a user study with 40 participants. As a result, uncovering understandability over the security issues as participants recognized and prevented them with success rates as high as 92.50%. Furthermore, there is an enriched interest in Policy-Governed MAR-Apps as 87.50% of participants agreed with restricted MAR-Apps within sensitive spaces, and 82.50% would implement constraints in MAR-Apps. These promising results encourage adopting the Policy-Governed solution approach in future MAR-Apps.