A naukri.com initiative
Dev
1M
103
Image Credit: Dev
Mobile Application Security: From Theory to Practice in Financial Systems
- Mobile applications play a crucial role in connecting companies with customers, making security a top priority in financial systems.
- Native applications offer advantages like direct access to hardware security features and precise control over permissions but face challenges with separate maintenance and platform inconsistencies.
- Hybrid applications provide a single codebase and faster updates but come with challenges such as dependency on bridges and a larger attack surface.
- Common mobile application attack vectors include insecure data storage, insecure communication, and weak authentication and authorization.
- Specific to financial applications, measures like detecting compromised devices, multi-layer encryption, integrity checks, and regulatory compliance are essential.
- A layered security approach covering development, runtime, network, and data protection is recommended for ensuring robust security in financial applications.
- Tools like Keychain Services, CryptoKit, and React Native frameworks like react-native-keychain are recommended for securing native and hybrid financial applications.
- Automated security verification tools such as MobSF and OWASP Dependency-Check play a crucial role in ensuring the security of financial applications in the CI/CD pipeline.
- Lessons learned from three years in financial applications include the importance of contextual security, balancing user experience with security, and the multidisciplinary nature of building secure systems.
- Security should be a core value guiding the entire development cycle, evolving constantly to stay ahead of evolving threats in the fast-paced digital landscape.
- Ultimately, successful organizations prioritize security as a fundamental value rather than a checkbox, integrating it into all aspects of design and development in financial applications.
Read Full Article
6 Likes
For uninterrupted reading, download the app