The Security Flaws Leaving Financial Mobile Applications Vulnerable

Cyber risks are hardly infrequent, but there is an alarming number of risks in the world of mobile applications – especially those in the financial services sector.

While many financial institutions use security solutions to protect their perimeter, a startling number do not shield their mobile apps from an attack.

According to an Intertrust report, 77% of financial apps have at least one serious vulnerability that could lead to a data breach. With financial mobile apps being more susceptible than ever (especially in the wake of the COVID-19 pandemic), it has become essential for firms to know what types of security flaws are out there and why it is critical to properly secure these vulnerable applications. 

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