msm1267 writes: Mobile banking applications fall short on their use of encryption, validation of digital certificates and two-factor authentication, putting financial transactions at risk worldwide. An examination of 40 iOS mobile banking apps from 60 leading banks worldwide revealed a slew of security shortcomings that also included hard-coded development credentials discovered during a static analysis of app binaries. It's a mess, and to date, most of the banks have been informed and none of provided feedback indicating the vulnerabilities were patched.
"It says he made us all to be just like him. So if we're dumb, then god is
dumb, and maybe even a little ugly on the side."
-- Frank Zappa