There are rising concerns on #APIs that are been used in the #bankingindustry, it comes with the risk of security breaches. As APIs allow different systems and platforms to communicate and share data with each other, they can also provide a potential point of entry for cybercriminals to access sensitive information.

The most critical API security risks include: Broken object level, user- and function-level authorization, excessive data exposure, lack of resource, security misconfiguration, and insufficient logging and monitoring. The implications of these and other risks are huge.


Sources said, A leading US investment bank is using APIs to help clients monitor customer sentiment and respond proactively based on the insights gathered. Another US bank has an open portal where developers can access and implement financial solutions for customers, such as direct payments or budgeting and planning.


Today's Headline in NewsHours
0:00 Intro
2:45 RBI allows banks to offer pre-approved credit on UPI
3:20 Media bodies oppose to the proposal for unified legal framework
4:00 #Twitter to show 50% less ads to paid Blue subscribers
4:35 #Google to shut support for Nest Secure, Dropcam in 2024
5:06 Japan's Fuji Soft Group to open its IT centre in Bhubaneswar
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