One-in-ten banking apps are wide open to a malicious drive-by hacking exploit that exposes user credentials when visiting bug-laden websites.
Sample size of Survey is very low - 2000 and vulnerablity as per IBM and Apache is taken care. There is no direct connect as there is no possibility that, all 10 Android applications are developed using PhoneGap or similar cross platform development tools
Considering such disconnect, still survey reflects low confidence due to lack of multi factor authentication methdology. Players like Jumio also has raised similar vulnerability report for ID Theft.
© Finextra Research 2015