September 9, 2019
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TeleSign has greatly enhanced the iOS SDK for its App Verify service. The SDK allows app developers to handle verification completely in the background without multiple steps required for an onboarding user. By simply entering a phone number, the app exchanges with the phone for verification.
Open banking has driven innovation in both multi-factor authentication and customer consent; a useful contribution to the API economy. Other industries dealing with sensitive information or financial transactions will need to consider how both of these elements are incorporated into their industry.
Despite the fact that the costs associated with hacking and data breaches have arguably never been higher, recent API-related security incidents involving large companies, T-Mobile and Accenture, highlight the fact that basic API security best practices are still often not being adhered to.