Risk & Fraud

New Data Security Study of Fintech Apps Highlights Vulnerabilities

“Given their rapid spread and growth, this question urgently needs answering. As part of its ongoing CFI Fellows Program, CFI asked Patrick Traynor, professor at the University of Florida’s Department of Computer Information Science & Engineering (CISE) to find out. Traynor and his team of computer science researchers looked at the security of online fintech applitraynor-report-cover-locks-securitycations using a collection of both automated and manual standard analysis techniques widely available in the computer science toolkit. They examined the apps and websites of 52 digital apps, mainly digital lenders, from all across the world to see how they handle user data.”