SBN Interview: Open Banking Opens Customer Data to Third Parties

Many on-premise applications are being moved to cloud and new applications written natively for cloud. These are more likely to use open APIs to support access control, enable mobile usage and support innovative payment services. As a result, scraping and bot attacks on web-facing applications will continue to increase. Bots will be used to block inventory, steal payment card details and sales data, and skim price information. Companies will need to evaluate and invest in better security mitigation technologies. In addition, they’ll need to look at entitlements and permissions to access APIs, applications, and user data.

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*** This is a Security Bloggers Network syndicated blog from Radware Blog authored by Prakash Sinha. Read the original post at: https://blog.radware.com/security/2022/01/interview-open-banking-opens-customer-data-to-third-parties/