Security News > 2021 > June > Most mobile finance apps vulnerable to data breaches

77% of financial apps have at least one serious vulnerability that could lead to a data breach, an Intertrust report reveals.

This report comes at a time where finance mobile app usage has rapidly accelerated, with the number of user sessions in finance apps increasing by up to 49% over the first half of 2020.

84% of Android apps and 70% of iOS apps have at least one critical or high severity vulnerability.

49% of payment apps are vulnerable to encryption key extraction.

Banking apps contain more vulnerabilities than any other type of finance app.

"As mobile finance apps increasingly enter people's everyday lives, it's vital to understand the security risks associated with these apps and the ways to help mitigate them," said David Maher, CTO and EVP at Intertrust.

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