A new report from Arxan Technologies found that 84 percent of app users and enterprise executives believe that mobile health and finance apps have adequate security measures in place. And 82 percent of app users said they would switch to a different app if the one they were using were not secure.
However, when the company tested 126 mobile health and finance apps, the vast majority had security vulnerabilities. "Some level of security is usually incorporated into the mobile apps, but clearly not enough is being done, since 90 percent of the apps tested had at least two of the top ten risks," said Patrick Kehoe, chief marketing officer at Arxan. He added that 98 percent of the apps did not have binary protection and 83 percent had inadequate transport layer protection.