A report published Monday by cloud services and CDN (content delivery network) platform Akamai said that the financial services industry is an increasingly popular target for a wide range of cyberattacks, with application and API attacks against the vertical more than tripling in the past year.
APIs are a core part of how financial services firms are changing their operations in the modern era, Akamai said, given the growing desire for more and more app-based services among the consumer base. The pandemic merely accelerated a growing trend toward remote banking services, which led to a corresponding growth in the use of APIs.
