APIs Under Siege: Financial and Telecom Sectors Brace for Cyber Comedy of Errors
APIs are officially the new “it” target, attracting 44% of advanced bot traffic. With a 40% rise in credential-stuffing, these digital darlings are now the connective tissue criminals love. Thales warns: start guarding them with context-aware defenses or risk bending your business logic into a pretzel.
Hot Take:
Why does it seem like the only ones taking more vacations than I am are cybercriminals targeting the travel industry? Move over, jetsetters, there’s a new breed of frequent flyers in town, and they don’t even pay for their airline snacks! APIs need a vacation from these malfeasants who seem to have mistaken “Application Programming Interface” for “All-you-can-Pillage Invasion.” It’s high time companies upgraded their digital security from a rickety bike lock to a laser-guided fortress. Who knew that the path to financial stability was through a well-guarded API door?
Key Points:
- API attacks have surged, with financial services, telecoms, and travel industries being major victims.
- APIs now attract 44% of advanced bot traffic, often mimicking human behavior.
- Credential-stuffing and account takeover attempts have increased by 40%.
- Shadow APIs are a major security blind spot for organizations.
- Record-breaking DDoS attacks targeted APIs, particularly in financial services.