Security News > 2022 > March > 70% of financial service providers are implementing API security
Although many financial institutions are aware of the need for API security to support their new corporate reality, they do not really know how to approach it and especially with which tools.
In the API security domain, financial organizations are looking for tools that handle the whole lifecycle.
An API security solution should not be an extension of another security solution, but needs to be an integrated part of the cybersecurity arsenal.
The type of API security that a financial organization will deploy depends on its level of API cybersecurity maturity, in-house expertise, range of API users, and the cybersecurity solutions already in place.
Financial institutions, their security staff, and regulatory authorities are catching up with API security, making it a priority to cover the whole API development cycle.
With threat levels rising, API security providers, such as L7 Defense, provide the right technology and offering to enable financial institutions to identify and mitigate cybersecurity threats aimed at their organization.