A report of over 150 mobile finance apps shows a high level of security gaps in both iOS and Android and underscores the importance of in-app security

SAN FRANCISCO– (BUSINESS WIRE) –Intertrust, the pioneer in digital rights management (DRM) technology and the leading provider of application security solutions, today released its 2021 Security Report on the State of the Mobile Finance App. The report shows that 77% of financial applications have at least one major security vulnerability that could result in a data breach.

This report comes at a time when mobile finance app usage has accelerated rapidly, with the number of user sessions in finance apps increasing by up to 49% in the first half of 2020. , according to VMware.

The overall results of the study suggest that while the COVID-19 pandemic is driving the global shift to digital financial channels and innovative technologies such as mobile contactless …

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