As the world increasingly turns to mobile devices to access the internet and conduct business, so firms are eager to put out their own apps.
But new research from security ratings company
BitSight reveals that many companies may be rushing out apps that have vulnerabilities which could lead to data leakage, privilege abuse, unencrypted personally identifiable information (PII), and credential theft.
BitSight examined representative samples of more than 1,000 companies in five industry sectors that offer mobile applications on iOS and Android. It found over half of the companies studied in the media and entertainment industry offer risky mobile applications.
A quarter of finance companies have risky mobile applications, which may pose greater risk of bank accounts being accessed without proper authorization or the exposure of payment information. In the education sector, with many universities offering numerous applications, vulnerabilities could present a considerable risk to the data of students and prospective students, as well as faculty.
