42Crunch | Profesia
Published by:
Profesia Gruppo Lynx
Profesia Gruppo Lynx
42crunch - API security platform that combines shift-left protection by design and build stage with shield-right runtime protection for a consistent DevSecOps experience.
Scaling API Security & Enforcing Compliance
APIs have enabled the digital transformation witnessed in the banking and financial services’ sectors over the past decade. Innovation has been driven by connecting developers and financial institutions using APIs to integrate banks with third-party cutting-edge mobile banking, insurance and wealth management applications. Much of these advances have been facilitated by a proactive regulatory environment that seeks to balance data protection with data sharing.
Increased Reach, Increased Attack Surface
This explosion in the adoption of APIs has been mirrored by a dramatic increase in the attack surface. Well documented breaches include those at Equifax, Experian and PayPal. Such attacks cause both financial and reputational damage and can ultimately lead to share price devaluation and a change of leadership. CISOs need to include API security at the top of their priority list.
Securing Collaboration, Enforcing Compliance
Without adequate API Security controls in place, all of these financial service providers risk running into trouble, not only with the legislators, but also the hackers. At 42Crunch we enable development and security teams to collaborate to enforce continuous API security at every stage of the API lifecycle thus ensuring the protection of customer data and the compliance with industry legislation. Simply identifying a zombie or shadow API is not sufficient when valuable and sensitive personal financial information is at risk, not to mention the financial penalties that legislators can impose.