Banks Rush to Fix Security Flaws in Mobile Apps

Wells Fargo & Co., Bank of America Corp. and USAA are issuing updates to some of their wireless banking applications to fix security flaws. Some of the applications store usernames, passwords and financial information as "clear text," the Wall Street Journal reports.

The problem only points out the greater need for security and privacy protection as software ecosystems become more complex.

Banks Rush to Fix Security Flaws in Wireless Apps - WSJ.com (subscription required)