The Wild West of Mobile Security
February 21, 2018 - Security breaches and cyber-attack are big news. Organisations that hit the headlines take a long time to recover. Yet, 95% of Banking Applications lack the security required. With increased pressure on banks to ensure that they Know Their Customer and GDPR looming on the horizon, this is a topic that should be high priority at every bank.
UL and Inside Secure have undertaken joint research to assess the market – analyzing publicly available m-banking applications with the aim of bringing clarity on the state of security within mobile banking applications available today.
The results of the research should be a wake-up call to every bank.
The research provides a measure of where the mobile banking applications stand compared to the mobile payment applications. Only 5% of the applications analysed came close to this standard. Discover how you can protect applications by reading the research paper here.
Meet UL at Mobile World Congress to discuss mobile security in person. Schedule a meeting here.