Mobile Banking Apps for iOS Vulnerable to Man in the Middle Attacks
A researcher at IOActive tested 40 mobile apps from 60 of the leading banks from around the world. His various tests covered transport security, compiler protection, UIWebViews, insecure data storage, logging, and binary analysis. What he found is pretty alarming.
Image Source: Flickr (Sean MacEntee)
"Home banking apps that have been adapted for mobile devices, such as smartphones and tablets, have created a significant security challenge for worldwide financial firms. As this research shows, financial industries should increase the security standards they use for their mobile home banking solutions," the report concludes.