isBuzz News: Two Thirds Of Banking Apps Have Critical Vulnerabilities

April 26, 2018 — News Article Title

Don Duncan, Director at NuData, comments on a report issued yesterday by Information Security Buzz disclosing that cybersecurity firm Positive Technologies released its yearly report into vulnerabilities in financial applications. According to the report, the number of vulnerabilities the Positive Technologies teams discovered has fallen, which means banking apps and websites are getting safer. However, two thirds of online banking systems still contain at least one critical vulnerability.

Multi-layered solutions that include passive biometrics are providing enhanced account protection that doesn’t rely on static data. Passive biometrics monitors the user’s inherent behaviour such as how they type or hold the device – making this information impossible to steal or replicate by bad actors. This way, even if the static data has been stolen, decrypted, and ready to be used, bad actors can’t take over the account.

For the complete article, go here.