Over fifty percent of common banking transactions are completed using mobile apps. Crime associated with their use has increased correspondingly, resulting in a need to detect and prevent fraud related to their malicious use. This is largely due to the fact that mobile banking apps seldom have the infrastructure necessary to enable adequate identification and profiling. implementing these features requires skills far beyond those of most mobile app developers. As a result, mobile apps frequently lack any number of security features, and it’s difficult for fraud prevention systems to determine if a device in question is being used legitimately – creating a prime opportunity for cybercriminals.”]
Source: https://www.bankinfosecurity.com/whitepapers/preventing-fraud-from-mobile-apps-w-1414