Unlike other operating systems like Windows, Linux, or OSX, both Android and iOS operating systems are usually shipped with built-in user rights restrictions. The process of removing such restrictions, which is not supported by either Google or Apple, is named rooting and jailbreaking, respectively for Android and iOS.

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.

With the introduction of PSD2, banks are forced to provide third party payment service providers (PSPs) with access to the bank’s customers’ account information for account servicing and payment initiation services, but only in the case where the user has granted access to these third-party players. This article explores a technical solution that leverages eIDAS to address the PSD2 requirements.