25% of mobile finance apps pose security risks

25% of mobile finance apps pose security risksYou might want to be a little more careful the next time you plunk down all your private information into a personal finance app.

Illinois-based security firm Viaforensics has its own internal testing algorithm to determine if an app is safe or not, and also offers solutions to users and enterprise customers on how to keep their phones safe.

The company looked at more than 30 apps designed to help keep users more responsible when it comes to managing their money, and found that 25% of them failed their test.

"On some financial apps we were able to recover payment history, partial credit card numbers and other transaction-related data. Others cached security PIN or username/password," Viaforensics wrote in the report.

Among the apps that failed were popular titles like Square, Wikinvest, and Mint, all of which store highly sensitive information about users, including bank account numbers and credit card online log-in info.

44% actually passed Viaforensics's test. The other 31% received a "warm" rating, which means the company was able to retrieve some information but not enough to pose any sort of risk to users.

isn't just banking apps, though. None of the major social networking apps passed Viaforensics's test either. Amazon, Ebay, and Groupon all failed as well.

The likelihood that anyone would ever be able to recover sensitive data from these apps is slim. It would require someone to have local access to the phone, as well as the technological smarts to weed it out. However, it is noteworthy that the information is actually accessible and not perfectly encrypted.

Source: TG Daily

Tags: hackers

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)