API (internet) companies are making their money by offering advanced services (APIs) to customers. To keep its competitive advantage, an API company needs to continuously adapt and improve its APIs to customer needs while protecting them from cyber threats. This business need is significantly slowed down by the use of manual & inaccurate API protection systems that hardly remove API risks that could result in a potential data leakage catastrophe, possible direct financial damage as well as severe reputation damage that could take years to fix.
Open banking has become synonymous with the digitalization and transformation of the financial sector, in many cases also mandatory due to financial regulations. Modern financial tools are being made available by the open banking trend have triggered a large number of growing cybersecurity risks as the exposure of APIs to customers and 3rd parties is increasing. Combined with the mandatory financial regulations, the development teams are under tremendous pressure to keep APIs and Apps safe.
Traditional applications defense tools demand constant manual policy adjusting while their protection leaves unseen API weaknesses that pose a major risk that will only grow over time, significantly slowing down the innovation process, resulting in a longer time to market (TTM) for launching advanced financial tools.
APIs are the foundation of the Fintech industry and are used to customize clients’ experience, enabling increasing cost-effectiveness and streamline 3rd party transactions processing and data exchange. Rapid APIs changes, which are the lifeblood of keeping fintech companies running and growing, are mostly slowed down by the need for manually adjusting the cyber protection policy of newly added or altered APIs. As they are poorly protecting APIs, the legacy API and Application security solutions are leaving unseen weaknesses that pose a major risk that will only grow over time. Using inefficient protection tools also kills the productivity of the development teams, which are already under tremendous pressure to improve the company’s competitiveness.
As Applications and APIs are moving into public clouds (Google, Azure and AWS), which is also known as the “digital transformation”, telco APIs become exposed at public clouds and private datacenters simultaneously, presenting a fast-growing cyber security exposure and risks, which legacy protection systems cannot meet anymore.
Ammune™ presents new automation and accuracy standards for protecting APIs, equally performing at private datacenters and public clouds. Deployed as a Plug & Play solution, it auto-discover and protects APIs in seconds. The defense process demands no manual intervention, also while APIs are being renewed or added on a daily basis.
API-based communication is a central component at the Industry 4.0 arena. As applications at clouds and private datacenters interact via APIs with machines and each other, these APIs become an attractive target for cyber-attacks. Moreover, as changes in the applicative topologies are becoming more and more frequent, its protection needs to adapt itself automatically to these changes.
Traditionally, the API protection maintenance was done by humans, using legacy and in-house developed solutions, which makes it very slow and costly to adapt to changes, while results are usually far from optimal.