Financial services organizations increasingly rely on microservices and cloud architectures powered by APIs to reduce costs and improve customer experiences. However, this surge in API usage has led to a rise in API-related data breaches, exposing tens of millions of sensitive records. To protect open banking and comply with evolving regulations, these organizations must strengthen API security to prevent identity breaches, account takeover, aggregator abuse, and business logic attacks. Continuous API discovery, risk quantification, and robust security measures are essential to safeguard critical financial data and maintain trust.

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