Mobile banking apps are becoming one of the biggest sources of risk for exposing personal information, according to a cybersecurity report produced by McAfee. The company's research reportedly shows that personal data threats are now being detected at a rate of over 13,000 per second worldwide. Mobile-based finance apps are reportedly suffering from weak security coding practices, which makes them vulnerable to hacking.
Mobile banking apps are becoming one of the biggest sources of risk for exposing personal information, according to a cybersecurity report produced by McAfee. The company's research reportedly shows that personal data threats are now being detected at a rate of five per second worldwide. Mobile-based finance apps are reportedly suffering from weak security coding practices, which makes them vulnerable to hacking.