Mobile Banking Security Report

Results from this 12-page report reveal that 8 out of 10 mobile apps from leading megabanks, regional banks, and credit unions contain security weaknesses.



Security Assessment report

Report Key Findings:

  1. Build & configuration weaknesses were identified in 8 out of 10 mobile banking apps.
  2. A security gradient exists between megabanks, regional banks, and credit unions.
  3. Results may suggest finite development cycles or limited maintenance in mobile banking apps.

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Recommendations

Incremental and rapid release cycles are driving the need for continuous and on-demand security evaluation to help address unique challenges encountered while building and maintaining secure mobile applications. More now than ever, organizations should engage in ongoing assessments as new features are released and code changes are made.

Mobile security solution providers also need to play their part by equipping companies with the technology and service models they need to support continuous and on-demand security testing of mobile applications.


This study used Praetorian's Project Neptune for all mobile app testing

Mobile banking applications were analyzed with Praetorian’s Project Neptune, a new mobile application security testing platform. This continuous and on-demand security testing platform helps mobile development teams address security challenges encountered while building and maintaining mobile apps. The platform covers a broader suite of security verification and validation testing, including build management, configuration management, authentication, authorization, session and token management, data validation, data confidentiality, error and exception handling, and auditing and logging.

To learn more about Project Neptune, visit https://neptune.praetorian.com