Quokka Solutions for
Fintech Application Security

Real Security for Applications that Move Your Money

Download our Fintech AppSec Guide

Quokka Solutions for Fintech Application Security

Real Security for Applications that Move Your Money

Download our Fintech AppSec Guide

Importance of mobile app security in fintech and banking environments

As the use of banking, financial services, and digital wallets continues to grow year over year, securing these applications is more important than ever. After all, they help people manage their real money in a matter of seconds - meaning any security flaws could have serious consequences for users and businesses alike. It's essential that those responsible for creating such apps take steps towards zero-tolerance when it comes to potentially exploitable risks; anything less would be unacceptable.

Blog: The Risks Associated with Mobile Banking Apps and How to Manage Them

Top 3 Fintech Security Issues
that Keep CISOs up at Night

Top 3 Fintech Security Issues that Keep CISOs up at Night

In the dynamic and ever-evolving finance industry, cybercriminals remain a constant threat. From banking to insurance - digital payments to financial management - CISOs and other fintech security professionals are kept up at night by three main application security concerns.

Advanced Threats

  • Third-party cookies may be added to the session on the app’s side, allowing attackers to hijack user sessions, make fraudulent transactions, and steal user credentials.
  • Web-to-app attacks are possible when an embedded webview is used in the fintech app but not properly restricted, potentially allowing remote attackers to access private files and data.

Advanced Threats

  • Third-party cookies may be added to the session on the app’s side, allowing attackers to hijack user sessions, make fraudulent transactions, and steal user credentials.
  • Web-to-app attacks are possible when an embedded webview is used in the fintech app but not properly restricted, potentially allowing remote attackers to access private files and data.

App Ownership

  • App development and ownership is often outsourced to external agencies.
  • Internal teams handle maintenance while external entities are involved.
  • Risk of security systems being compromised, leaving apps vulnerable.

App Ownership

  • App development and ownership is often outsourced to external agencies.
  • Internal teams handle maintenance while external entities are involved.
  • Risk of security systems being compromised, leaving apps vulnerable.

Insecure Data Storage

  • App developers are seeking out new ways of connecting users to their finances, such as biometric scanning, tokenization and securely-stored passwords.
  • Ensuring an optimal user experience requires a focus on both security and interconnectivity between devices.

Insecure Data Storage

  • App developers are seeking out new ways of connecting users to their finances, such as biometric scanning, tokenization and securely-stored passwords.
  • Ensuring an optimal user experience requires a focus on both security and interconnectivity between devices.

Quokka’s Industry Leading Q-MAST Solution Safeguards your
Fintech Mobile Applications from Development to App Store Download

Quokka’s Industry Leading Q-MAST Solution Safeguards your Fintech Mobile Applications from Development to App Store Download

With a surge in demand for secure and convenient mobile financial services, Quokka's Q-MAST solution is revolutionizing the way banking institutions provide their customers with comprehensive management of money through digital wallets. Q-MAST has faster and easier scaling with flexible analysis engines that extend market leadership.

Our cutting edge application security testing supports compliance with OWASP MASVS, allowing both consumers and businesses to confidently manage funds while ensuring peace of mind knowing that personal information remains safe from cyber threats at all times. Utilized by some of today’s top banks across the globe, trustworthiness paired with efficiency has never been simpler!

q-mast showcased on laptop

A Software Bill of Materials with Crystal-Clear Transparency and Unparalleled Fidelity

Q-MAST’s Software Bill of Materials (SBOM) solution ensures that organizations stay secure against potential threats from their mobile applications. In addition to the industry standard CycloneDX report, our dynamic analysis tests go beyond simple library identification to scan for weaknesses and vulnerabilities, even ones not publicly known. We can detect inadequate encryption or unauthorized data sharing so you’ll be compliant with industry standards as well as your own privacy policies related to banking and finance institutions. Additionally, our SBOM will help identify any insecure software components bundled in the application thanks to its cross-referencing capabilities with vulnerability databases. Our SBOM solution helps organizations and development teams stay up-to-date on their software libraries, alerting them if changes are necessary due to potential weaknesses. Scanning regularly is an easy way for everyone involved to ensure that the system remains secure.

Security Testing Continuity from Pre-Release to App Store Download

With Q-MAST, AppSec teams can explore the inner workings of an app like never before and can have the capability to gain an unmatched level of insight into mobile app behavior. Whether it is for development or IT purposes, this deep understanding provides organizations with unparalleled assurance and visibility into their security posture by leveraging automated scans that can be continuously integrated throughout software pipelines.

Featured Resources

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Fintech Security Challenges and How to Secure a Fintech App?

Are you worried about threats to your fintech company? Discover the top threats facing the industry and how to overcome them with our expert insights!

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Q-MAST Solutions Spotlight: Federal Agency Use Case

When security, privacy, and discretion are key, federal agencies lean on Q-MAST to establish trust.

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The Risks Associated Mobile Banking Apps and How to Manage Them

Mobile banking apps are useful tools for managing our finances on-the-go. In this blog post, we will discuss the various risks associated with mobile banking apps and how you can keep yourself safe while using them.

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