Cryptomathic's partner and mobile security expert, ARXAN, have published the 5th annual State of Application Security Report, which takes an in-depth look into the security of some of the most popular mobile finance applications available today.
The report finds a huge discrepancy between consumer confidence regarding the level of security built into these apps, and the degree to which developers of these apps actually address known application vulnerabilities. For example, 86% of the surveyed app users feel their applications are adequately secure. Yet, more than 90% of the tested applications unveiled multiple vulnerabilities. Below is an infographic that highlights some of the key findings in the report.