Most US mobile banking apps have security and privacy flaws, researchers say

guest · Jun 11, 2019

Most US mobile banking apps have security and privacy flaws, researchers say
June 11, 2019
https://techcrunch.com/2019/06/11/banking-apps-security-flaws/

You might figure the biggest U.S. banks would have some of the most secure mobile apps. Spoiler alert: not so much.

New findings from security firm Zimperium, shared exclusively with TechCrunch, say most of the top banking apps have security flaws that put user data at risk. The security firm, which has a commercial stake in the mobile security business, downloaded the banks’ iOS and Android apps and scanned for security and privacy issues, like data leaks, which put private user data and communications at risk.

Some of the apps were using open-source code from GitHub from more than three years ago, said Scott King, Zimperium’s director of embedded security.
Worse, more than half of the banking apps are sharing customer data with at least one advertiser, the researchers said.
Click to expand...

The researchers, who didn’t name the banks, said one of the worst offending iOS apps scored 86 out of 100 on the risk scale for several privacy lapses, including communicating over an unencrypted HTTP connection.
The researchers said the risk scores for the banks’ corresponding Android apps were far higher.

The security firm called on banking apps to do more to bolster their apps’ security.
Click to expand...

Zimperium: Take Heed: Latest Research Shows Mobile Banking Apps are Not Created Equal

Rasheed187 · Jun 15, 2019

LOL, what a surprise. I would never use a mobile phone for online banking, but most people don't seem to care about the risks.

Log in or Sign up

Most US mobile banking apps have security and privacy flaws, researchers say

guest Guest

Rasheed187 Registered Member

Log in or Sign up

Most US mobile banking apps have security and privacy flaws, researchers say

guest Guest

Rasheed187 Registered Member

Useful Searches