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90% of banking apps have security flaws, reveals survey

Written By Ankit Sharma on Friday, January 31, 2014 | 4:58 AM

 


The revelation reflects a serious problem for the banking industry and, as the use of these applications increase , the trend is that the situation will worsen . The researcher Ariel Sanchez of IOActive , indicates that faults found allow the interception of sensitive data , install malware and even taking full control of the apparatus of victims .

To generate your report, the researcher studied the apps for iPhone and iPad for 40 of the 60 largest banks in the world. The major flaws are described below :

- Some ( less than 20 % ) did not have resources capable of reducing the risk of attacks by memory corruption ;

- 40 % of apps not sanctioned the authenticity of SSL certificates ;

- 50 % of injections were vulnerable to JavaScript through insecure implementations of the UIWebView . In some cases , native iOS features were exposed , allowing even send SMS and email from the victim machine ;

- 90 % contained multiple non - SSL encrypted links in your code , which allows the interception of traffic and the injection of JavaScript or HTML codes .






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