The Wild West of Mobile Security
Security breaches and cyber-attack are big news. Organisations that hit the headlines take a long time to recover. Yet, 95% of Banking Applications lack the security required. With increased pressure on banks to ensure that they Know Their Customer and GDPR looming on the horizon, this is a topic that should be high priority at every bank.
UL and Inside Secure have undertaken joint research to assess the market – analyzing publicly available m-banking applications with the aim of bringing clarity on the state of security within mobile banking applications available today.
The results of the research should be a wake-up call to every bank.
The research provides a measure of where the mobile banking applications stand compared to the mobile payment applications. Only 5% of the applications analysed came close to this standard. Discover how you can protect applications by reading the research paper here.