Hackers target banking apps on Apple and Google platforms

We act as if are phones and tablets are safe. They’re not. According to security company Arxan Technologies, all of the top 100 paid Android apps have been hacked. (Yes, all, as in 100 percent.) Apple’s doing better, with only 56 percent of their top paid iOS apps hacked.

This doesn’t mean that the apps you actually download are almost certainly malware. Most of the hacked apps turn on third-party download sites rather than Apple’s and Google’s approved stores. But it’s still a serious danger that according to Arxan has “potential for massive revenue loss, unauthorized access to critical data, intellectual property (IP) theft, fraud, altered user experience and brand erosion.”

What sort of apps do they hack most?

Hackers often target financial apps, and with good reason. If criminals can get between you and your bank, they have access to your account numbers, passwords, and other useful information. They can easily turn your money into their money. According to an Arxan report, “This high-risk category… requires extra vigilance to protect overall application integrity.”

via Hackers target banking apps on Apple and Google platforms | PCWorld.

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