The convenience of mobile banking has transformed financial services, making banking apps more accessible and user-friendly.
Mobile banking faces risks from unauthorized access to sensitive data, account takeover, and identity theft.
Common risks include sideloaded apps, banking malware, device spoofing, and SIM swapping.
To safeguard mobile banking apps, organizations should embrace real-time threat visibility, utilize binary scanning, embed device attestation capabilities, make encryption hardware-agnostic, adopt OTA security updates, and prioritize ongoing education.