How would you prioritize security vulnerabilities in a high-traffic mobile banking app?

Start with a thorough risk assessment to identify and evaluate the potential threats. Determine the severity of each vulnerability based on its potential impact and the likelihood of it being exploited. High-severity vulnerabilities that could lead to data breaches or financial loss should be addressed first.

1. Risk Assessment: Conduct thorough risk assessment to prioritize vulnerabilities based on impact and likelihood of exploitation. 2. Criticality Classification: Classify vulnerabilities into critical, high, medium, and low severity levels to focus resources on addressing severe threats first. 3. Patch Management: Implement robust patch management for timely updates and fixes to known vulnerabilities. 4. Continuous Monitoring: Utilize tools and techniques for real-time detection of new vulnerabilities and emerging threats. 5. Rooted Device Detection: Prioritize mitigating vulnerabilities from installing the app on rooted or jailbroken devices to prevent man-in-the-middle attacks.

Few ways to do this; - Constant monitoring for risk assessment - Frequent updating of soft and hard wares to avoid bridges. - Awareness/training of employees or clients.

Consider how each vulnerability affects your users. Vulnerabilities that compromise sensitive user information, such as account details and personal data, should take top priority. Ensuring user safety and trust is paramount in a mobile banking app.

PCI, AML (OFAC List Check), GDPR, FTC, maybe SEC, State by State, are just some of the standards you should likely comply with. I mean "mobile banking", this is the peak of compliance requirements.

Ensure that your app complies with industry regulations and standards, such as PCI DSS for payment processing and GDPR for data protection. Vulnerabilities that put your app out of compliance can lead to legal issues and hefty fines, so prioritize fixing these to avoid regulatory repercussions.

Stay informed about the current threat landscape. Emerging threats and known exploits that are actively being used by attackers should be prioritized. Keeping abreast of the latest security news and trends helps you address the most relevant and dangerous vulnerabilities first.

Consider the time and resources required to fix each vulnerability. Quick wins that can significantly enhance security should be prioritized, especially if they mitigate critical risks. Balance the need for immediate fixes with longer-term solutions that may require more extensive work.

Implement robust monitoring systems to continuously track and detect vulnerabilities. Prioritize vulnerabilities identified through real-time monitoring and alerts, as these indicate active or imminent threats. Proactive monitoring helps you stay ahead of potential security issues.

Regularly review and update your security policies and procedures. Engage in continuous education and training for your development and security teams to ensure they are aware of the latest best practices and threat vectors. Foster a security-first culture within your organization to ensure everyone is vigilant and proactive about security.