Regardless of your industry, it is likely that you’re well aware of the rise of mobile financial apps over the past few years. In today’s digital world, it’s not surprising that people keep track of their finances and conduct business through these mobile applications. It’s convenient and easy!
What you may not know, however, is that many of these applications have vulnerabilities that can put consumers and businesses at risk. Financial fraud by malware attack is on the rise. According to a report by Forbes, 25% of malware attacks are targeting financial institutions, but plenty of other industries are impacted, as well. This includes the mobile applications financial institutions may offer their customers.
Here are a few vulnerabilities that exist in financial mobile applications.
Whether you work with clients who use financial apps or you use them in your own organization, it’s critical to keep personal financial information safe. What’s your safety net?