In this article, we introduce the role that access tokens play in mobile banking applications and provide recommendations on how to secure these access tokens. We will also explain why such security measures are important.

Application hardening usually consists in processing an already developed application, and transforming it so to make it difficult / impossible to reverse engineer and tamper.

In this article, we shall focus on the techniques used for protecting keys and in general, cryptographic secrets in the context of mobile banking & payment applications.

Today, financial institutions are driven by a strategic question: How can they embrace the benefits from the cloud’s flexible and scalable on-demand services, while perpetuating a trustworthy, banking-grade level of cryptographic security? This article looks at some of the trends, challenges and security concerns that financial institutions face when considering whether to migrate their business-critical applications and cryptography to the cloud.

Here we explain why additional security mechanisms, beyond the mobile OS security features, are needed to protect mobile banking applications from malware and related threats.

Application hardening for mobile apps refers to implementing security measures to protect apps against reverse-engineering or tampering. In this article, we look at the importance of application hardening for mobile banking applications and explore some of the techniques that can be used to shield an app against such attacks.

As the use of mobile phones for mobile banking and payment applications increases, corresponding security threats are increasing as well. The majority of smart phones use only two operating systems (Android and iOS) and, therefore, they represent prey of choice for criminal groups and malevolent hackers. 

In this article, we will explain some of the defense mechanisms and security techniques involved with protecting mobile banking applications.

The broader financial services industry – including banks, credit card companies, FinTech service providers, tech companies offering digital wallets etc – are today at the frontlines in the fight against cybercrime. Because these companies are involved in moving large sums of money around each day, they become obvious targets for criminal elements.

In today’s cyber-world there is an ever-present risk of unauthorized access to all forms of data. Most at risk is financial and payment system data that can expose the personal identifying information (PII) or payment card details of customers and clients. Encryption is crucial for protecting PII and mitigating the risks that businesses which conduct payment transactions face every minute of every day.

In this article we will talk about symmetric encryption in banking, its advantages and some challenges of managing the keys.