The State of Application Security for Mobile Finance and Payments Apps

Cryptomathic's partner and mobile security expert, ARXAN, has 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 currently available.

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. Still, more than 90% of the applications that were tested showed multiple flaws. Here is an infographic that shows some of the most important parts of the report.