Due to advancements in mobile technologies, banking has become technology savvy. According to the report of Statistica, the number of mobile users will increase from three billion until the end of 2020. As the number of mobile users is increasing, therefore, the number of mobile banking apps users are also increasing. There are lots of benefits of introducing mobile banking apps for the banks and their users. Mobile banking apps lower the expenses of the banks. These apps provide a significant return on the investment. These mobile banking apps are also increasing customer experience. These apps are providing better security to the accounts of the users. These apps are helpful for the banks to analyze the data of the beylikdüzü escort customers.
The banks can also use artificial intelligence with the help of these mobile apps. Instead of these benefits of mobile banking apps, there are also some problems with mobile banking apps. If you are among millions of people who are using mobile banking apps, there is bad news for you. This bad news is that there are more than 50% chances that the website and mobile app of your bank are insecure. Positive Technologies is a big name in the field of securing web apps.
This company has created its proprietary application inspector. Recently, the researchers of this company have tested 33 websites and apps of different banks. They have concluded that most of the banking websites and apps are more vulnerable to getting hacked. They have said that these websites and apps have high severity vulnerability. In half of the banking websites and apps, they have found XML external entity flaws and modification flaws. These flaws are inviting hackers to attack these websites and apps.
Most of the customers are using these mobile banking apps because they think that it is a secure way to manage their money. Now, the worst scenario for the users is that the attackers can easily hack these apps just by running code remotely. This report has also revealed some serious issues about mobile banking apps. According to this report, more than 80% of the mobile banking apps are vulnerable to the cross-site scripting attacks. By using this technique, hackers can easily run the malicious code on these mobile banking apps. No doubt, the severity of these flaws is not high but we can’t overlook these flaws.
The banks can easily fix these flaws. Anyhow, if they don’t pay attention to these flaws, their users have to face some serious issues. By using this weak point of the mobile banking apps, the attackers can easily steal the private information of the users. In this report, they have not mentioned the names of the banks who are facing these critical issues. Anyhow, this report is a warning for the entire financial industry. All the banks should test the vulnerability of their mobile banking apps. If they find any kind of vulnerability issue, they should try to fix it immediately.
This is not a warning only for the mobile banking apps but this is also a warning for other websites and apps. This is also a warning for the government sectors. Its reason is that government sectors have to manage the private information of the users. As told by a dissertation help firm that along with mobile banking apps, they have also tested other apps. They have concluded that more than 85% of mobile apps are facing vulnerability issues. These vulnerability issues are inviting hackers to attack their apps.
These researchers have also written in the report that the hackers can easily exploit these vulnerabilities of the mobile banking apps to steal the private information of the users. They can also infect the computers of the users with the help of malware attacks. In the government sectors, we know that cross-site splitting has remained the leading point of attack for the attackers. After attacks on the databases, the hackers can easily steal the private information of the private sectors. They can also steal the private information of the users by running the command in the back-end.
These researchers have also provided suggestions to the banks. The best way to save users from the attack of hackers is to use preventive technologies. For this reason, a web application firewall is the best choice for banks. They have also provided a suggestion to the banks that they should use source codes during the development of the apps. These researchers have also revealed the fact that hackers are also stealing the private information of the users by using some other techniques. They steal the private information of the users by using fake apps. For this reason, they create the same apps just like original apps of the banks.
They upload these apps on third-party sites. The users download these apps. After downloading these apps, when they enter username and password, these apps send this data to the hackers. The hackers can use this data to steal money from the bank accounts of the users. The hackers are also using the technique of app hijacking to steal the private information of the users. For this reason, they send malware into the phone via another app. This malware scans the information of all the banking apps on the phone.
The hackers can also use phishing technique to steal the private information of the users. For this reason, they send a malicious link to the users via email. When users click on this link, they send malware into the phone. This malware can also steal useful information from the phone of the users. Now, the problem is that it is hard for users to spot this scam. Its reason is that they receive this link from the trusted email address. Most of the hackers use a quitter way to steal the private information of the users. For this reason, they use the technique of keyloggers. It is just like a malware attack. The hackers keep a record of all the information that users are typing on their phones. After keeping a record of this information, they can extract useful bahçeşehir escort information.
