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Asia-Pacific: Over 70 percent banking apps are vulnerable to attacks

Thursday 2 April 2015 10:37 CET | News

Over 70% of apps from banks in the Asia-Pacific region are vulnerable to attack and data leaks on the Android operating system, a recent study shows.

According to a report conducted by Wegilant, most of the apps are vulnerable to security attacks with 82% apps carrying high severity vulnerabilities in them and that on an average, 14 security bugs per app are present.

The research unveils that 38% of the apps had improper content permissions vulnerabilities, 33% of the apps had an intent spoofing vulnerabilities and 22% of the apps were missing broadcaster permissions in them.

Intent spoofing refers to an attack where a malware induces undesired behaviour by forging an intent, fooling users into sharing their secure data with the hacker’s servers.

Wegilant has sampled 100 banks in the Asia-Pacific region, of which 33 were Indian banks.


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Keywords: fraud prevention, web fraud, digital identity, online security, risk management, cybercrime, cyber security, mobile banking, Asia-Pacific
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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