Softcell and Salt Security Team up to Deliver API Security Solutions By CIOTechOutlook Team

Softcell and Salt Security Team up to Deliver API Security Solutions

CIOTechOutlook Team | Thursday, 30 November 2023, 06:13 IST

Softcell Technologies Global Private Limited has formed a strategic alliance with Salt Security to provide business customers with API security solutions.

As the digital landscape continues to expand, the importance of safeguarding Application Programmable Interfaces (APIs) has become paramount. According to a recent white paper published by the Indian Computer Emergency Response Team (CERT-In) along with Mastercard and Computer Security Incident Response Team - Financial Sector (CSIRT-Fin), there has been a 62% increase in the number of API attacks on the Indian financial sector as on June 2023, compared to June 2022, as per Softcell Tech.

As per the report 'API Security: Threats, Best Practices, Challenges, and AI's Way Forward,' "the financial sector is also becoming a preferred target for API attacks with the rise of digitization and API usage in the financial sector, as well as the availability of sensitive customer information."

"Modern applications run on APIs. However, as they are highly complex and still relatively new, many companies do not have robust mechanisms in place to secure them," said Nico Wagemans, VP EMEA, Salt Security. "As they often boast access to an organization's most sacred assets and data, attackers are increasing their exploits against APIs at an exponential rate. As the first entrant into the API security market, we have developed a solution enriched with mature algorithms and AI to provide organizations with unmatched visibility into their API ecosystem. We are honoured to receive this prestigious recognition by industry CISOs who acknowledge the breadth and depth of our API security offering, ensuring that APIs remain protected at all stages of their lifecycle."