Interview: Open Banking Opens Customer Data to Third Parties

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Many on-premise applications are being moved to cloud and new applications written natively for cloud. These are more likely to use open APIs to support access control, enable mobile usage and support innovative payment services. As a result, scraping and bot attacks on web-facing applications will continue to increase. Bots will be used to block inventory, steal payment card details and sales data, and skim price information. Companies will need to evaluate and invest in better security mitigation technologies. In addition, they’ll need to look at entitlements and permissions to access APIs, applications, and user data.

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Prakash Sinha is a technology executive and evangelist for Radware and brings over 29 years of experience in strategy, product management, product marketing and engineering. Prakash has been a part of executive teams of four software and network infrastructure startups, all of which were acquired. Before Radware, Prakash led product management for Citrix NetScaler and was instrumental in introducing multi-tenant and virtualized NetScaler product lines to market. Prior to Citrix, Prakash held leadership positions in architecture, engineering, and product management at leading technology companies such as Cisco, Informatica, and Tandem Computers. Prakash holds a Bachelor in Electrical Engineering from BIT, Mesra and an MBA from Haas School of Business at UC Berkeley.

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