TAMPA—A study of banking apps for iOS and Android has led researchers to conclude "none of the tested mobile banking applications has an acceptable level of security."
Performed by IT security vendor Positive Technologies, the study tested 14 banking apps available on both iOS and Android that have had more than 500,000 downloads each.
Despite the small sample size, there are reasons to pay attention to the results, according to Tech Republic.
Every single app contained vulnerabilities, and three were common to all of them: a lack of obfuscation, no protection against code injection and repackaging, and code that contained names of classes and methods.
“In short, use your bank's mobile app at your own risk,” Tech Republic said.