Financial app users at risk as 50 apps pose cybersecurity threats

According to the report, a high percentage of apps were marked as high cybersecurity threats to users, putting confidential customer and business data at risk.

The report, which has been adapted to be geographically specific to ensure a more meaningful impact on the target audience, showed that 60% of financial apps and 72% of shopping apps posed a dangerous risk to users.

The Cyber ​​Security Assessment was presented to Nigerian customers and companies that work especially in the retail sector to help them assess the extent of security issues related to the use of applications.

This comes amid the global danger of e-commerce fraud where businesses around the world have lost billions of dollars (over $20 billion in 2021).

The cybersecurity test report was unveiled in Lagos by the Chief Technology Officer of CED Technologies, Chukwuebuka Ume-Ezeoke.

CED Technologies, which is Appknox’s African partner, noted that through the report, app developers in the country would learn how to create cost-effective and effective mobile app security strategies.

These security policies will aim to protect the users of these applications and also to guarantee the security of the company’s data while respecting international security standards.

According to CED Technologies, the report would greatly benefit the Nigerian business community as it will create the much needed awareness and also help them understand the importance of cyber security for the applications designed for their businesses.

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