APIs have been a key factor in digital transformation, but they have also widened the scope of potential security risks for businesses. Cyber criminals have been taking advantage of vulnerabilities in APIs to launch multi-stage network attacks. The FFIEC has responded to this by introducing new API management protocols. Richard Bird, Chief Security Officer at Traceable.ai, discussed how these rules will raise the bar for API security and how companies must comply with them. Companies that are subject to federal financial institution jurisdiction must act quickly to meet the new standards, and other companies should also do the same.
Source: Thelastwatchdogs
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