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Safety is important for financial products!

Because user safety is important.

Get to know OWASP Top 10 Mobile Application Security Risks (2024)

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With this admin page, fintech products have to be trained in security all the time and like to pickle this content all the time.

Many of the security standards are OWASP.

So what is it? So what is it? Including the mobile app side. What is it?

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🔵 OWASP?

OWASP, which stands for Open Worldwide Application Security Project, is a non-profit organization that educates about making computer systems even more secure.

Each year, OWASP announces the Top 10 list. In 2025, it is the web application that he has updated on security earlier in 2017 and 2021.

The section of mobile apps we'll be discussing this as the Top 10 list in 2024 has previous updates in 2014 and 2016.

In addition to the web and mobile, there are others like API security, cloud-native, LLM AI, Privacy. They update them every 3-4 years with the same topics or the same topics combined and new topics. Let us update the rankings according to impact, impact, frequency found.

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🔵 OWASP Top 10 Mobile Application Security Risks (2024)

So what's in OWASP Mobile Top 10 (2024)?

🗒️ M1: Improper Credential Usage (Improper Credential Management)

⚠️ Risk: Hardcode important data such as API Key, Token or password in Source Code or Settings file, which allows an attacker to perform Reverse Engineer to steal data to attack the backyard system.

🔧 Solution: Do not keep Credential in the Code. Use the Rotate API keys / Tokens strategy consistently and use strong authentication such as Multi-factor authentication.

🗒️ M2: Inadequate Supply Chain Security (Insufficient Supply Chain Security)

⚠️ Risk: Vulnerability caused by an insecure Third-party Library or SDK, including the Build process and app distribution. If the source developer is attacked, our app will also be affected.

🔧 Solution: Select only a trusted and verified Library / SDK and regularly update Patch and check for vulnerabilities (CVEs) in external components.

🗒️ M3: Insecure Authentication / Authorization (Non-Concise Identity / Rights System)

⚠️ Risk: Lax system design allows an attacker to Bypass Authentication or perform Privilege Escalation (elevating permissions from casual users to administrators) to access key functions.

🔧 Solution: The server-side authentication should always be checked and the Roles / Permissions should not be sent directly from the Client side to the backyard system.

🗒️ M4: Insufficient Input / Output Validation (In / Out Data Monitoring, Insufficient)

⚠️ Risk: The app trusts data from unconfirmed sources (such as values from Dropdown or input from users), leading to attacks on SQL Injection, Command Injection or Cross-site Scripting (XSS) types.

🔧 Solution: Validate and Sanitize data on both inbound and outbound sides, both Client and Server for maximum security.

🗒️ M5: Insecure Communication (Insecure Communication)

⚠️ Risk: Sending data over obsolete HTTP or Protocol, allowing an attacker to capture data (Sniffing) or do Man-in-the-Middle (MITM) to modify data en route.

🔧 Solution: Always use the latest standard HTTPS / TLS and should make a Certificate Pinning to prevent spoiling through fake Certificates.

🗒️ M6: Inadequate Privacy Controls (Inadequate Privacy Controls)

⚠️ Risk: Requesting excessive access to personal information (PII), or poor management of access rights, leading to identity theft or violating privacy laws.

🔧 Solution: Request Permission sparingly, give clear notice of purpose, and comply with laws such as PDPA or GDPR by minimizing the collection of information identifying users.

🗒️ M7: Insufficient Binary Protections (Insufficient Binary File Protection)

⚠️ Risk: If the Binary file is unprotected, the poor will be able to reverse Engineering to steal intellectual property or modify the Code to unlock paid features.

🔧 Solution: Use the Binary Obfuscation technique to make the Code difficult to read and perform Integrity Checks to determine if the Code has been tampered with.

🗒️ M8: Security Misconfiguration (Error Security Settings)

⚠️ Risk: Basic security settings are inappropriate, such as leaving Debug mode on or giving over-privileged apps, which opens a channel for the attacker.

🔧 Solution: Take Least Privilege with the permissions required by the app. Turn off Debug mode in the Production version and set the baseline to secure.

🗒️ M9: Insecure Data Storage (Unsafe Data Storage)

⚠️ Risk: Keeping Sensitive Data in Local Storage without encryption or in a place easily accessible to other apps.

🔧 Solution: Use strong encryption and store data in the operating system's Secure Storage, such as Keychain (iOS) or Keystore (Android).

🗒️ M10: Insufficient Cryptography (Non-Standard Data Encryption)

⚠️ Risk: Using old or obsolete Algorithm (e.g., MD5, SHA1), insufficient Key length, or poor Key management process.

🔧 Solution: Use Algorithm that is an international standard (such as AES, high-length RSA). Key Rotation is performed and do not create custom Crypto.

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🔵 Compared to 2016, what has changed?

8 years apart, of course, a lot of change by

- Change focus: Move from Code Quality security to focus on Credential and Supply Chain instead

- M1 (NEW): Top focus on Hardcoded Secrets protection and API Keys slippage

- M2 & M6 (NEW): Add Vulnerability Monitoring from External Library and Privacy Management (PDPA / GDPR)

- Collapse Combine: Combine Auth / Authz Matters (M3) and Code Unpacking Protection (M7) to make it easier to manage.

- Decreased Sequence: Storage Matters (M9) and Cryptography (M10) Rank OK because modern OSes have better management assist systems.

- Instructions: Developers should stop embedding Passwords in apps, check adopted SDKs, and tighten traffic.

It's all about this.

# Includes IT matters # IT should know # Known IT # programmer # Developer

4/11 Edited to

... Read moreจากประสบการณ์ที่ได้ทำงานกับผลิตภัณฑ์ทางการเงินและแอปมือถือ fintech ผมขอเล่าถึงความสำคัญของการนำ OWASP Top 10 Mobile Application Security Risks (2024) มาใช้เป็นแนวทางหลักในการพัฒนาระบบเพื่อป้องกันความเสี่ยงที่อาจเกิดขึ้นกับผู้ใช้งานจริง โดยเฉพาะเรื่อง M1: Improper Credential Usage และ M2: Inadequate Supply Chain Security ถือเป็นจุดอ่อนที่พบได้บ่อยและส่งผลกระทบรุนแรง เช่น มีการแฮกเกอร์ขโมย API Keys จากการเก็บข้อมูลไว้ในโค้ดหรือ Configuration ซึ่งถ้าไม่มีการจัดการอย่างรัดกุม จะทำให้แอปและระบบหลังบ้านถูกโจมตีอย่างง่ายดาย นอกจากนี้ การตั้งค่าความปลอดภัยที่ถูกต้อง เช่น การปิด Debug Mode และการกำหนดสิทธิ์ให้น้อยที่สุด (Least Privilege) ตาม M8: Security Misconfiguration ก็เป็นเรื่องที่ควรใส่ใจมากเพราะความผิดพลาดเล็กน้อยอาจเปิดโอกาสให้แฮกเกอร์เข้าถึงข้อมูลหรือควบคุมแอปได้ จากที่เคยเห็นแอปหลาย ๆ ตัวเริ่มต้นมักละเลยการตรวจสอบ Input/Output Validation (M4) และการสื่อสารที่ปลอดภัย (M5) ซึ่งทำให้เกิดช่องโหว่ของ SQL Injection หรือ MITM Attack ได้ง่าย ๆ การเลือกใช้ HTTPS/TLS เวอร์ชันล่าสุดและมีการทำ Certificate Pinning จะช่วยลดความเสี่ยงเหล่านี้ได้มาก เรื่องความเป็นส่วนตัว (M6: Inadequate Privacy Controls) ก็ต้องให้ความสำคัญในแง่ของการขอข้อมูลผู้ใช้ที่เหมาะสมและชัดเจน พร้อมทั้งปฏิบัติตามกฎหมาย PDPA อย่างเคร่งครัด เพื่อสร้างความเชื่อถือและความมั่นใจให้กับผู้ใช้บริการ สุดท้าย การป้องกันไฟล์ Binary ไม่ให้ถูกแกะโค้ด (M7) และการดูแลรักษาข้อมูลที่เก็บ (M9) รวมถึงการใช้การเข้ารหัสที่ได้มาตรฐาน (M10) ก็เป็นเรื่องที่นักพัฒนาต้องเข้าใจและนำไปใช้ในการพัฒนาระบบให้ปลอดภัยอย่างจริงจัง การรู้และเข้าใจ OWASP Mobile Top 10 ไม่ใช่แค่ทำให้ระบบปลอดภัยมากขึ้น แต่ยังช่วยเพิ่มความน่าเชื่อถือของแอปพลิเคชันทางการเงินให้ผู้ใช้งานไว้วางใจได้มากขึ้น ในยุคที่ภัยคุกคามไซเบอร์มีความซับซ้อนและเพิ่มมากขึ้นทุกวัน ผมแนะนำให้นักพัฒนาและทีมงาน security นำแนวทางเหล่านี้ไปปรับใช้และอัปเดตความรู้กันอย่างสม่ำเสมอครับ

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A promotional image for "THE DIGITAL ENTREPRENUER" guide, offering a "TOP SECRET TO PASSIVE INCOME THROUGH DIGITAL MARKETING" to "ESCAPE THE 9-5 TRAP." It highlights no start-up money needed and encourages downloading the guide.
TOP digital products to sell 2024 💰💕
1. Self-Help and Personal Development✅ ✨High Demand: People are constantly looking for ways to improve their lives and mental well-being. ✨Evergreen Content: Timeless advice that remains relevant over time. 2. Health and Fitness💰 ✨Popular Niche: There’s a significant audience intereste
Digital Queen✨💸

Digital Queen✨💸

16 likes

A woman with braided hair looks out a window, wearing a light-colored outfit. Overlay text reads "BENEFITS OF STARTING A DIGITAL ONLINE BUSINESS" in white, bold, and underlined font. The bottom left corner shows "Lemon8 @thatdigitalzgirl".
BENEFITS OF SELLING DIGITAL PRODUCTS✨
Here’s why venturing into the online digital products business can pave the way for passive income & stability: 🌐 Reach your target audience: Reach audiences worldwide! 💻 Low Investment Costs: Minimal startup costs 📈 Scale your business on multiple platforms: Easily expand your busines
ThatDigitalzGirl

ThatDigitalzGirl

5 likes

A hand with pink manicured nails holds a thick stack of US dollar bills. Overlay text reads "11 Financial Habits You Need To Master" with a prompt to "read below" and the user handle "@lifewithiri".
11 Financial Habits To Master NOW ⬇️💰
1. Track your money First things first: track your money. This means knowing exactly how much money you’re bringing in, and how much money you’re spending. And I’m talking about getting real nitty gritty here. Get into the habit of tracking literally every dollar you make and spend. How much money
irianna

irianna

13.9K likes

Testing safety products
Items made with a purpose usually work pretty well, that is why i love to test products! #safety #amazonfinds
Dutchintheusa

Dutchintheusa

18 likes

Want financial freedom??
✨ Most People Want Financial Freedom… But Few Are Willing to Build It ✨ For a long time, I thought making extra income had to be complicated. I thought I needed to: ❌ Sell products ❌ Keep inventory ❌ Be good at technology ❌ Have lots of experience I was wrong. What I found was a sim
Lena mapp

Lena mapp

3 likes

A pregnant woman in a black dress holds her belly, reflected in a mirror. A baby crib is visible in the background. The image highlights non-toxic and holistic health practices during pregnancy.
Various skincare products are displayed on a white fabric. These include a gentle facial cleanser, a clean retinol alternative, an eczema balm for dry skin, a daily facial moisturizer, an eye serum, and a clarifying mask for hormonal breakouts.
A black bottle of sleep spray is shown on a white fabric. The text indicates it's a magnesium sleep spray with simple ingredients, used on feet to help with pregnancy insomnia.
non-toxic products during pregnancy
I used almost all of these pre-pregnancy, but they’re even more important now 👶🏼🩵 lathering up in OSEA products, putting that sleep spray on then doing red light therapy?! 😮‍💨😮‍💨 #nontoxic #pregnancytiktok #lowtoxliving #nontoxicproducts #nontoxichome
Falyn Noel

Falyn Noel

58 likes

The image contrasts the 9-5 route with a freedom route, highlighting digital marketing as a path to financial independence. It shows a laptop displaying 'live life on your terms' and outlines benefits like flexible schedules, unlimited income, and working from anywhere, encouraging viewers to start their journey.
Tired of 9-5? Gain financial freedom
Working that 9–5 is burning you out. Every move you make at the work place is being directed by someone else. Don’t you want to be your own boss? Don’t you want financial freedom? Don’t you want a flexible schedule where you work whenever you want? 💻 Start with my system and create digital
SacredBeauti

SacredBeauti

6 likes

My Financial Independence Journey as a Black Woman
💼 Why I’m Choosing Financial Independence as a Black Woman Let me say this loud and clear: Depending on the system is a setup. As a Black woman, and as an immigrant, I refuse to put my future, my family, or my freedom in the hands of a system that was never designed with me in mind. I’m no
ElevatedByShell

ElevatedByShell

16 likes

A woman in a light olive green pantsuit sits on a golden stool, looking right. Text overlay reads: "37 for my 37 It's My 37th Birthday 37 Micro Life + Financial Upgrades from 37 Years."
A list of micro life and financial upgrades, including creating a morning playlist, writing weekly love notes to yourself, upgrading pajamas, and setting a fancy table for dinner.
A list of micro life and financial upgrades, including buying fresh flowers weekly, making coffee/tea a ritual, building a capsule wardrobe, and turning your bathroom into a mini spa.
37 Micro Life + Financial Upgrades
It's my 37th birthday, and I wanted to gift you something special-37 small but meaningful ways to upgrade your life! Y'all know lately l've been intentional about making sure every day of my life feels like love no matter how insignificant it may seem. These are simple, low-cost ideas t
Dasha Monique

Dasha Monique

4 likes

Financial freedom
#moneymotivation #digitalproducts #DigitalDiary #passiveincome #growthmindset
Chelsea

Chelsea

1 like

A laptop screen displays the cover of a 2024 digital planner, titled "EMBRACE THE POSSIBILITIES, ORGANIZE YOUR DREAMS." The image also features text overlays "FREE DIGITAL FINANCIAL PLANNER" and "Lemon8 @noni_bando."
A laptop screen shows a digital planner page titled "SET YOUR GOALS" with multiple blank lines for entries. An overlay text prompts, "Set your goals for 2024."
A laptop screen displays a digital planner page with sections for each day of the week, from Monday to Sunday. An overlay text instructs, "Plan out you're day to day."
Free digital financial planner
( Read This Caption & Follow For More ) Here's your strategy ⬇️ Use a DFY (done-for-you) product to jumpstart your business. This is a digital product that someone else has created and when you purchase it, you also receive the rights to customize and resell it as your very own. 🔗:
Yanaveu Marketing CEO

Yanaveu Marketing CEO

3 likes

The Key to Financial Freedom💰✨
Passive income streams can provide you with additional money without requiring your constant, active involvement and lead you on the road to financial freedom. Here are some ideas for generating passive income:✨ 💸Investing in Dividend-Paying Stocks: Investing in dividend-paying stocks allows you
₊˚⊹♡𐌋𐌉𐌍𐌃𐌔 ₊˚⊹♡

₊˚⊹♡𐌋𐌉𐌍𐌃𐌔 ₊˚⊹♡

38 likes

How I plan for Financial Success in my Businesses
I started 2 new businesses this year officially for some extra income. I have noticed so many amazing people who have been starting businesses since COVID as extra streams of income. I have even advised some businesses acting in the roles of: social media manager, marketing consultant and influence
Brea Blogs

Brea Blogs

30 likes

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