Mobile apps have become ubiquitous daily, with financial transactions and personal information relying heavily on them. However, the rise of cyber threats has questioned these apps’ security, especially for the BFSI industry, which heavily relies on mobile banking apps. This makes mobile banking security testing even more crucial for developers to prioritize. Regular banking application testing can detect and mitigate vulnerabilities, save time and costs, help comply with security standards and regulations like HIPAA, PCI-DSS, etc., and ultimately protect against cyberattacks while driving business growth even during the economic downturn.
