State of Application Security – Vol. 5, 2016
FINANCIAL SERVICES EDITION
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State of Application Security Report At-A-Glance
Arxan’s 5th Annual State of Application Security Report is based on an analysis of 126 popular mobile health and finance apps from the US, UK, Germany, and Japan, as well as a study examining security perspectives of 1,083 consumers and app security professionals from the four countries. Arxan discovered a wide disparity between consumer confidence in the level of security incorporated into mobile health and finance apps and the degree to which organizations address known application vulnerabilities.
While the majority of app users and app executives indicate that they believe their apps to be secure, nearly all the apps we assessed, including popular banking and payment apps and FDA-approved health apps, proved to be vulnerable to at least two of the OWASP Mobile Top 10 Risks.
Among the research findings:
- Consumers and app executives believe their mobile health and finance apps are secure.
- The majority of mobile health and finance apps contain critical security vulnerabilities.
- The security and safety risks are real and significant.
- Most consumers would change providers if they knew their apps were not secure.
Select from the Reports and Infographics above to get the full details!
See a copy of last year’s Report (Vol.4) and Infographic below: