"Researchers Found a Security Flaw That Had 10 Million Banking App Users at Risk"
A new tool developed by researchers from the University of Birmingham to perform semi-automated security testing of mobile phone apps found a critical vulnerability within banking apps. Testing conducted by researchers with the use of this tool has revealed that apps from major financial institutions contained a vulnerability, which could allow a user’s credentials to be captured by an attacker through the performance a man-in-the-middle attack when both the victim and the attacker are connected to the same network. This article further discusses the security flaw discovered by researchers, the research behind this discovery, and other attacks on banking apps that have also been discovered.
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