Open Banking is aiming to give consumers access to real-time banking data through the use of APIs. The successful implementation of this type of system will change the way people save, borrow, spend and invest their money, as well as encourage healthy competition in the financial services industry.
Yesterday at the 2013 AWS re:Invent Conference, Amazon Web Services (AWS) announced Amazon Kinesis, a fully managed service designed to handle real-time streaming and high-volume data processing at any scale. The announcement comes on the heels of the launch of CloudTrail, a new web service that records API calls made to AWS accounts and then provides log files via Amazon's S3 bucket.
Target is on the data breach hot seat again, just two weeks after settling its massive 2013 data breach. This time, an API vulnerability tied to the Target app wishlist functionality led a security firm to easily retrieve personal information from app users. The API requires no authentication.