While it seems like hardly a month can go by without hearing about an attack on some IoT device - everything from NannyCams-Gone-Wild to rogue cable modem/routers - the state of IoT security doesn't seem to be improving. And why? Because, many thing-makers are just too laissez-faire about security.
While some folks tend to think about APIs are being little bits of arcane code that only developers care about it, the truth of the matter is that billions, possibly even trillions, of dollars are at stake in what will soon be a series of API wars. In no place is this more important than in mobile banking, where companies ranging from Google, the PayPal unit of eBay and lesser known entities such as MineralTree are all vying to usurp the role of traditional financial institutions.