CDSA

Akamai: Cybercriminals are Attacking APIs at Financial Services Firms (VentureBeat)

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Akamai research highlights a troubling trend: Cybercriminals are targeting applications programming interfaces (APIs) at financial services firms. In the “Akamai 2020 State of the Internet Security” report, the company said up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly. In API targeting, Akamai said in an email, criminals use bots and tools that allow threading, or multiple simultaneous connections, to attempt multiple logins at once. By targeting the APIs, they hope avoid some front-end defenses and speed up their validation times.