You are designing an API for a financial institution. How would you ensure data privacy and compliance with relevant regulations while also optimizing performance?
- Don't bother with regulations; focus solely on performance.
- Ensure data encryption, strict access controls, and compliance with financial regulations.
- Share sensitive data openly within the organization for better collaboration.
- Use weak encryption to prioritize performance, as it's a financial institution's concern.
Designing an API for a financial institution requires a strong focus on data privacy, encryption, strict access controls, and compliance with financial regulations. Prioritizing performance over security is not recommended in such cases. Openly sharing sensitive data within the organization is a violation of privacy and security principles.
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