Half of Mobile Banking Apps Are Vulnerable and Can Be Hacked todayposting.com

Due to advancements in mobile technologies, banking has become technology savvy. According to the report of Statistica, the number of mobile users will increase from three billion until the end of 2020. As the number of mobile users is increasing, therefore, the number of mobile banking apps users are also increasing. There are lots of benefits of introducing mobile banking apps for the banks and their users. Mobile banking apps lower the expenses of the banks. These apps provide a significant return on the investment. These mobile banking apps are also increasing customer experience. These apps are providing better security to the accounts of the users. These apps are helpful for the banks to analyze the data of the customers.