+ - Lack of Security in iPhone Financial Apps->
Submitted
by
aardwolf64
aardwolf64 writes "A friend and I were discussing PayPal having recently released the 2.0 version of their app. He mentioned the risks of logging into all of your financial information from your phone, so we decided to try it out. I logged into the PayPal app, and let my phone sleep. I was able to wake the phone and send money without having to re-enter a password. This means that had someone stolen my iPhone in this state, they could have sent themselves all of my money.
It seems that the Bank of America has the same stance on devices waking from sleep... it doesn't log you out. How prevalent is this among the other financial/banking apps out there? Is this something that needs to be looked at, or should we just ignore it and make sure we set passwords to wake our phones?"
Link to Original Source
It seems that the Bank of America has the same stance on devices waking from sleep... it doesn't log you out. How prevalent is this among the other financial/banking apps out there? Is this something that needs to be looked at, or should we just ignore it and make sure we set passwords to wake our phones?"
Link to Original Source