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CybersecuritySecurity NewswireCybersecurity NewsBanking/Finance/Insurance

18% of African banking apps have vulnerable high severity secrets

By Security Staff
blue street sign that says personal banking

Image via Unsplash

October 13, 2023

The security of African financial service applications were analyzed in a recent report by Approov. The report found that 95% of the most popular African banking and financial services apps contain easy-to-extract secrets.

According to the report, 18% of the apps investigated revealed high severity secrets. A high severity classification was used for vulnerabilities that could potentially lead to unauthorized access, data breaches and compromised user privacy. These apps together constitute a total of 272 million downloads across the continent with 72% of the apps revealing medium severity secrets that encompass sensitive data. If exposed, they could potentially compromise the confidentiality of user data and application functionality.

Additional findings include:

  • Crypto was the most exposed type of app, with 33% of crypto apps found to expose high severity secrets.
  • Google Cloud API keys were identified in 86% of the examined applications.
  • Approximately 15.3% of the apps exposed various authentication tokens, including Facebook authentication tokens.

Read the full report here.

KEYWORDS: application security cyberattack data breach financial sector financial service security

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