You are a cybersecurity consultant hired by a financial institution to assess the security of its mobile banking application

You are a cybersecurity consultant hired by a financial institution to assess the security of its mobile banking application. Write a seven to nine-page paper addressing the following questions:1. Provide an overview of mobile app security best practices, specifically tailored to financial applications. Discuss encryption, secure coding practices, and measures to protect against common mobile threats. Penetration Testing and Vulnerability Assessment:2. Propose a plan for conducting penetration testing and vulnerability assessments on the mobile banking app. discuss the importance of identifying and remedying security vulnerabilities to prevent unauthorized access and data breaches.3. Evaluate the effectiveness of current authentication mechanisms in the mobile app. Recommend strategies for implementing secure authentication, including the use of biometrics, to enhance user account protection.4. Assess the encryption methods used for securing data in transit and recommend improvements. Discuss strategies for ensuring secure financial transactions within the app, including protecting sensitive user information.5. Review the app’s handling of user privacy and permissions. Propose measures to enhance user awareness of data collection practices, and recommend strategies for limiting unnecessary app permissions to protect user privacy.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are: Compare and contrast the methods of disaster recovery and business continuity. Explain risk management in the context of information security.  Use technology and information resources to research issues in disaster recovery. Write clearly and concisely about disaster recovery topics using proper writing mechanics and technical style conventions.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric