Kaspersky warns that insecure codebases continue to pose digital banking security risks for financial apps and services. The cybersecurity firm said vulnerabilities in software code can lead to fraud, data breaches, and other cyberattacks if not properly managed.
Codebase weaknesses in digital banking
Kaspersky said many digital banking platforms contain vulnerable code that attackers can exploit. These weaknesses often stem from poor coding practices, insecure third-party libraries, and outdated components. Once attackers find a flaw, they can use it to inject malware, hijack sessions, or steal sensitive data.
How attackers exploit vulnerabilities
Attackers often probe digital banking applications for weaknesses in authentication, input validation, or encryption routines. Once a weakness is located in the codebase, they may use automated tools to execute attacks such as SQL injection, cross-site scripting, or account takeover strategies. These exploits can lead to financial loss or credential theft.
Recommendations for developers
Kaspersky advised financial institutions to perform regular code reviews and security testing during development. Techniques like static and dynamic analysis help identify vulnerabilities early. Security teams should also track dependencies, update libraries, and patch known issues quickly. Incorporating security into the development lifecycle reduces risks significantly.
Role of monitoring and detection
Beyond secure coding, Kaspersky emphasised monitoring running applications and detecting anomalous behaviour. Real-time logging and automated alerts can help security teams spot unusual patterns that may indicate an attack in progress. Combining strong code security with active monitoring improves overall resilience.
Industry context
As digital banking usage grows, so does the incentive for attackers to target financial systems. Mobile apps, online platforms, and APIs that handle sensitive customer data are especially attractive. Financial institutions must balance rapid development with careful security practices to reduce exposure.
Conclusion
Kaspersky highlights that codebase flaws remain a key digital banking security concern and urges banks and fintech firms to strengthen development, testing, and monitoring to protect financial applications from cyber threats.
Source: https://fintechnews.ae/29756/fintech/kaspersky-codebase-digital-banking-security/
