Buy a ticket
Blockchain & Bitcoin Conference Israel
Spring2019

Danger the users of mobile wallets face

Danger the users of mobile wallets face

Mobile wallets for cryptocurrencies are not completely secure, which was announced by the experts at High-Tech Bridge who have investigated more than 2000 related Android apps.

According to the report of High-Tech Bridge, 93% of not very popular apps with up to 100 000 installations contained more than three medium-risk vulnerabilities while 90% - two high-risk ones. Top apps had better results: applications with 500 000 installations contained approximately three medium-risk vulnerabilities (94% apps were detected) and two – high-risk ones (77% applications were found).

Having scrutinized vulnerabilities that damage mobile wallets in most of cases, the experts of High-Tech Bridge have provided the most typical problems:

  • non-secure information storage: user data can leak;
  • lack of cryptography reliability: data is not protected properly.

All these drawbacks can lead to hacking of a mobile wallet via public Wi-Fi. That is why High-Tech Bridge recommends making sure your wallet is reliable. An app Mobile X-Ray would come in handy.

Apart from vulnerabilities in mobile wallets, users of Android apps can face another danger – phishing apps that steal user data. For example, more than 5000 people downloaded and installed a newish fake Poloniex.

Subscribe to the news of Blockchain & Bitcoin Conference Israel on Facebook and Telegram!

Up