High-security Risk Elements in Nigerian Fintech and Shopping App – Report 2022

As one of the world’s fastest-growing mobile app nations, sound cyber security technology is imperative to Nigeria’s fintech growth and sustainability.

Recent research by Appknox, a leading mobile security testing platform, discovered that Nigeria has some of the most common fintech and shopping app security vulnerabilities.

It listed some of these security vulnerabilities as “apps asking for unused permissions (88%), insufficient bytecode obfuscation (84%), insecurely collecting application logs (72%), and disabled SSL CA validation and certificate pinning (64%).”

Similarly, for shopping Apps, the numbers were equally shocking, “with apps asking for unused permissions being as high as 96%. Some other vulnerability issues were – insufficient bytecode obfuscation (92%), insecurely collecting application logs (88%), network security misconfiguration (64%), and disabled SSL CA validation and certificate pinning (88%).”