Forty-one percent of mobile finance app users expect their finance apps to be hacked within the next six months. Executive IT decision makers (42%) who have oversight or insight into the security of the mobile finance apps they produce feel the same way. This sentiment makes it sound like mobile finance applications are at a hopeless state of security where, despite Herculean efforts to thwart attackers, adversaries are expected to prevail. But it’s not hopeless. It’s careless.
Especially when you consider that 50% of organizations have zero budget allocated for mobile app security.
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