A case study of how fintech builds security into their software, infrastructure, and ecosystem.

As you know, the financial technology industry is growing rapidly, and with that growth comes an increased risk of cyberattacks. In 2021, the global financial services industry lost an estimated $10.3 billion to cyberattacks.

A secure fintech app or API is one that has been designed and developed with security in mind. This means that the app or API has been built using secure coding practices and that it has been tested for vulnerabilities.

Fintech apps and APIs often handle sensitive financial data, which makes them a prime target for cyberattacks. And people are usually the weakest links in this chain as they give out their passwords and information easily to social engineering and phishing gimmics.