Abstract

AbstractAs of 2021, there are 14.91 billion mobile devices, which shows that cell phones continues to be a vital part of present day human’s existence and the Android Operating system is the most used OS in these cell phones. Even though there are alot of Apps available to use but Application utilization and cell phone penetration are as yet developing at a consistent rate, with practically no indications of dialing back soon. Apps on our mobile devices make our lives easier by providing multiple features such quick payments and more. Nowadays, there are a lot of banks that offer mobile banking services using apps and increase in online payments using smartphones has been observed. Due to the massive and dynamic nature of mobile banking apps, they pose a risk of security breaches. Because vulnerabilities can lead to huge financial losses, we have presented a comprehensive empirical studies of the security risks of global banking apps in order to provide useful insights and improve security. These vulnerabilities may lead to serious financial losses due to data-related weaknesses in banking apps. In this paper, we looked at mobile banking app vulnerabilities as well as a security difficulties with mobile internet banking applications, and then studied a few security strategies to address the relevant security issues.KeywordsMobile banking applicationVulnerabilityAuthenticationWeaknessThreats

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