Vulnerabilities in financial mobile apps put consumers and businesses at risk

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Security hubris. It’s the phrase we use to refer to our feeling of confidence grounded on assumptions we all have (but may not be aware of or care to admit) about cybersecurity—and, at times, privacy.

It rears its ugly head when (1) we share the common notion that programmers know how to code securely; (2) we cherry-pick perceived-as-easier security and privacy practices over difficult and cumbersome ones, thinking that will be enough to keep our data secure; and (3) we find ourselves signing up to services owned by big-named institutions, believing that—given their strong branding, influence, and seemingly infinite resources—they are securing the privacy of their users’ data by default.

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