"Half of Mobile Banking Apps are Vulnerable to Fraud Data Theft"

According to a recent study by Positive Technologies, more than half of mobile banking applications are vulnerable to fraud and data theft because of easily exploitable security flaws. The company's security experts examined 14 banking apps. The findings of the investigation revealed that most of the banking apps fail to prevent unauthorized access to a user's data, and all of the apps contain coding errors. The security flaws found in the banking apps could allow attackers to execute brute-force attacks, distribute banking Trojans, and more. This article continues to discuss the security vulnerabilities found in banking apps, the attacks that could be performed by exploiting these flaws, and the FBI's warning about the increased use of fake mobile banking apps. 

CISO MAG reports "Half of Mobile Banking Apps are Vulnerable to Fraud Data Theft"