App Threat Report: The state of payment apps’ malware defense

Analyze payment app malware defense strategies. Gain insights on protecting financial transactions and securing your payment applications against evolving threats.

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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.

Mobile payment apps have emerged as an essential tool for seamless financial transactions. From splitting dinner bills to sending money across borders, these applications have revolutionized how we manage our finances.

In Q3 2023, our team used the screen reader previously used against the world’s most-used financial services apps. This screen reader exfiltrates data like real-world malware. We used this tool to see if we could extract sensitive information from 73 of the world’s most-used payment apps to assess their security level and understand how they tackle a common malware-style exfiltration attack.

Payment apps malware defense

Download the report to learn about:

  • Android Accessibility tools, and how malicious screen readers exploit them to access sensitive information, bypass securtiy features, and control the device
  • The results from our real-world testing of how 100 of the leading Android payment apps fare against screen reader attacks
  • Don’t miss our Security team’s recommendations to stay one step ahead of cyber threats

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Highlights from the report

As our reliance on mobile payment apps grows, protecting sensitive data and user trust becomes vital. This report shares real-world cases of how attackers bypass traditional defenses and what you can do to protect your app against fraud and data breaches.
wallet
$9 trillion
Digital wallet transactions
payments
73
World's most-used payment apps tested
pest_control
77%
Apps without screen reader protection
file_copy
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Promon is the leader in proactive mobile app security. We exist to make the world a little bit safer, one app at a time.

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