Vulnerabilities In Fintech Mobile Apps

Fri 22 May 2020 By David Stewart

Category: Business, Bots, Threats, Fintech

 

Mobile applications play an increasingly important role in our lives -- and the current global lockdown due to the COVID-19 situation has led to a surge in the download of financial technology or fintech apps. According to research by the deVere Group, the coronavirus pandemic has fuelled a massive 72% rise in the use of fintech apps in Europe. But while this spike in adoption and usage provides encouraging news for the fintech industry, these mobile apps present a real threat, with hackers looking for new ways to bypass software defences, or to exploit security vulnerabilities.

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Cloner Apps: Playing in a Shared Sandbox

Mon 27 April 2020 By Richard Taylor

Category: Android, Mobile App Authentication, Repackaged Apps, Threats, Fintech

Image by Andrew Martin from Pixabay

The Android app store contains numerous Cloner Apps. These are an increasingly popular category that allow you to have multiple accounts associated with an app, such as a social media or messaging app. Our analysis shows that such apps introduce some really concerning potential security isolation risks that you should be aware of so that you can decide if you want to enable features to block the use of such cloner apps with your own app.

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MOBILE BANKING - THE IMPORTANCE OF WHAT, NOT JUST WHO

Wed 04 January 2017 By David Stewart

Category: News, Aggregators, Fintech

This presentation was delivered by David at APIDays in Paris last month and it covers the topic of protecting mobile APIs and apps in a banking context.

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BANK ACCOUNT AGGREGATION APPS - SETTING BOUNDARIES

Mon 14 November 2016 By Richard Taylor

Category: API Keys, Aggregators, Fintech

In the world of banking, security has always been important and the recent breach at Tesco Bank is a timely reminder. With an increased appetite for regulation in the banking sector and in the realms of data protection it is becoming ever more important for responsible companies to take action to tighten up their defences against the constant threat of data theft and fraud. Regulation is becoming a powerful lever to encourage banks to have robust mechanisms in place to protect their customers. The EU's General Data Protection Regulation (GDPR) raises the possibility of heavy fines if you fail to take steps.

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