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Cybersecurity-Insiders

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How to Safeguard Mobile Banking Apps from Cyber Risk

  • 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.

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