The Bethesda, Md.-based application protection provider ArxanTechnologies’ latest report found mobile banking and payment appsare susceptible to code tampering and reverse engineering. It alsodiscovered Android apps more secure than iOS apps.
Arxan’s “2016 State of Application Security Report,” releasedTuesday, also found financial services organizations are among the top targets forhackers seeking high-value payment data, intellectual propertyand other sensitive information.
“The two areas where the risks are the greatest are the lack ofbinary protection and dealing with the transport of the applicationbetween the mobile app and the backend server,” Patrick Kehoe,chief marketing officer for Arxan, told CU Times. “What weare finding is that many organizations are lagging in terms ofaddressing some of the new risks unique to the mobileenvironment.”
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
