App Threat Report: The state of financial services’ malware defense

Evaluate financial services malware defense. Discover best practices for securing banking and finance apps, and stay ahead of sophisticated cyber attacks.

Download report

App Threat Report

Welcome to our App Threat Report series, Promon’s quarterly analysis of current topics in mobile application security produced by our Security Research Team.

Malware continues to target financial services apps. According to SecureList, more than 57,000 banking trojans were observed in Q1 2023, up 19% over Q4 2022. These trojans can steal customer credentials, observe, and record personal data and sometimes conduct transactions.

In our Q2 2023 report, our team created a screen reader that could exfiltrate data in a manner similar to real-world malware. We used this tool to see if we could extract sensitive information from the top 100 financial services apps in order to assess the security level of financial services applications.

Screen reader attacks

Download the report to learn about:

  • Android Accessibility services and how malicious actors exploit them to spread malware
  • The results from our real-world testing of how 100 of the leading Android banking and financial apps fare against screen reader attacks
  • Don’t miss our Security team’s recommendations to stay one step ahead of cyber threats

Highlights from the report

Financial services apps are a prime target for cybercriminals who exploit weak defenses to steal sensitive data. With the stakes higher than ever, learn how attackers target banking, investment, and fintech apps, and how you can fortify your apps.
account_balance
57,000
Banking trojans in Q1 2023
smartphone
100
World's top banking apps tested
shield
92%
Lacked security defense
file_copy
Download report now
Download
Want to stay in touch? Follow us on LinkedIn or Instagram.

Promon

Promon is the leader in proactive mobile app security. We exist to make the world a little bit safer, one app at a time.

Get the latest from Promon

Get expert insights, best practices, and the latest updates on mobile app protection straight to your inbox. Subscribe to the Promon blog today!
Subscribe