Malware is infecting almost a third of all Chinese mobile banking apps, according to analysis conducted by Graphite Software.
32% of all those it tested were infected, among them some from recognized global app stores and major banks.
“It was not our intention to make a discovery of this magnitude,” said Alec Main, CEO of Graphite Software.
“Our premise was that isolating banking apps would protect users from malware, identity theft and increase mobile banking adoption. We didn’t think the banking apps were part of the problem.”