By Brandon Vigliarolo

A study of banking apps for iOS and Android found poor source code protection, cleartext storage of sensitive data, and other serious flaws that make it easy for attackers to break into accounts. A study of banking apps for iOS and Android has led researchers to conclude that "none of the tested mobile banking applications has an acceptable level of security."

 

By Jonas Gyllensvaan

It is evident that the proliferation of mobile devices is not slowing down, and neither is new technology adaptation by consumers and organizations. The number of smartphone users in the U.S. alone is projected to reach 280.5 million by the end of 2021.