What are the common security vulnerabilities in banking apps?

What are the common security vulnerabilities in banking apps?

Common vulnerabilities include weak authentication, insecure data storage, and insufficient encryption.

Can you explain how weak authentication can be exploited?

Weak authentication can allow attackers to gain unauthorized access, often through methods like password guessing or phishing.

What measures can be taken to improve security?

Implementing multi-factor authentication, regular security audits, and strong encryption can significantly enhance security.

Are there any recent examples of banking app breaches?

Yes, there have been several breaches where attackers exploited vulnerabilities to access sensitive user data.