Consumer Security Concerns Linger With Financial Mobile Apps

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If you’ve yet to use a mobile financial app due to security concerns, you’re not alone.

According to a recent study by Metaforic, 68 percent of non-financial app users say they’ve refrained from adopting such apps simply because of security-related fears.

Turns out their reluctance is easily justifiable: 19 percent of financial app users either have personally suffered or know someone who has suffered from a security breach, and android malware is up over one thousand present from a year ago.

Crazier still, although 54 percent of respondents said they’d be more inclined to adopt a mobile app with proof of stronger security, only 20 percent of app users installed anti-malware or anti-virus protection on their devices.

Click here to read the compete study, or look at the infographic below to catch some more security statistics.