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Study: 90 percent of top cryptocurrency apps carry security and privacy risks

29th November 2017 By Bradley Barth

 

 
Out of 90 studied cryptocurrency mobile apps, 84.6 percent of the apps were determined to contain at least two high-risk vulnerabilities, while 84.3 percent were found with three medium-sized flaws.
Out of 90 studied cryptocurrency mobile apps, 84.6 percent of the apps were determined to contain at least two high-risk vulnerabilities, while 84.3 percent were found with three medium-sized flaws.

A study of 90 cryptocurrency mobile applications available on Google Play found that 90 percent of them contain security vulnerabilities or privacy risks.

 

Web security company High-Tech Bridge conducted the research, using dynamic, static, and interactive testing to search mobile apps for weaknesses, including the top ten mobile flaws listed by the Open Web Application Security Project (OWASP).

 

“We took the most popular cryptocurrency mobile applications from Google Play from the ‘Finance’ category and tested them for security flaws and design weaknesses that can endanger the user, his or her data stored on the device or send/received via the network, or the mobile device itself,” High-Tech Bridge reported in a Nov. 29 blog post.

 

Full Article.

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