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Submission + - Mobile Banking Apps for iOS Woefully Insecure (

msm1267 writes: Mobile banking applications fall short on their use of encryption, validation of digital certificates and two-factor authentication, putting financial transactions at risk worldwide. An examination of 40 iOS mobile banking apps from 60 leading banks worldwide revealed a slew of security shortcomings that also included hard-coded development credentials discovered during a static analysis of app binaries. It's a mess, and to date, most of the banks have been informed and none of provided feedback indicating the vulnerabilities were patched.
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Mobile Banking Apps for iOS Woefully Insecure

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At the source of every error which is blamed on the computer you will find at least two human errors, including the error of blaming it on the computer.