API Security
APIs (Application Programming Interface) are essential technology paradigm for enterprises to establish their digital modernization initiatives. While APIs enables efficiency in software development, but they are susceptible to potential security vulnerabilities while accessing Mobile and Third-Party Applications. Hackers are getting creative about finding API logic flaws and perfecting attacks by sniffing out API calls.
The Need for “1st API” Security Solution
We have a radically innovative approach to address application cyber risk exposure wherein the mapping of API’s is done through a unique “Virtual Addressing Mechanism”. The benefit of this innovative approach results in eliminating cyber-attacks on API and web applications. Also, eliminates false positives ensuring the burden on the SOC is reduced considerably given that today’s digital economy is API driven.
| How do we stack up with Competition |
| API Security |
1st API |
AI/ML Approach |
WAF/WAAP Approach |
API Gateway Approach |
| API Inventory |
Yes |
Yes |
Yes |
Yes |
| API Design (Security By Design) |
Not Required |
Required |
Required |
Required |
| API Development (Secure Coding) |
Not Required |
Required |
Required |
Required |
| API Testing (Security by Testing) |
Not Required |
Required |
Required |
Required |
| API Protection (with WAF/WAAP/API Gateways) |
Not Required |
Required |
Required |
Required |
| API Governance (Self Governance) |
Yes |
No |
No |
No |
| Deterministic Protection |
Yes |
No |
No |
No |
| YOY (Year on Year) Impact |
| Compute infrastructure |
Minimal |
Very High |
Very High |
Very High |
| Operating Cost |
No impact |
Increases |
Increases |
Increases |
| SOC Resource requirements |
Zero Dependency |
High Dependency |
High Dependency |
High Dependency |
| Transaction Security Management Impact |
| Transaction secured with Virtual Addressing System |
Yes |
No |
No |
No |
| CPU utilisation |
Minimal |
Very High |
Very High |
Very High |
| Vulnerability Exposure |
None |
High |
High |
High |
| Application Performance |
No impact |
Degrades |
Degrades |
Degrades |
1st API not only addresses the Top 10 OWASP 2021 Threats but also helps in overcoming newer forms of attacks namely:
- Missing Payment flow => Missing bind between payment and request.
- Incomplete Payment flow => Incomplete input validation.
- Restoring credential => Stages of data access during restore credential.
- Removing credential => Stages of data access while removing credential.
- Hacking JSON Web Token => Securing against “alg field” of the header.
- Limited Trust on 3rd party application => Logs of receiving and sending information.
In conclusion organizations sensitive data gets protected and enables compliance with industry-specific data security and privacy regulations such as HIPAA and PCI DDS amongst others. The process helps to compartmentalize data, limiting vulnerabilities by only allowing users with need-to-know basis for access.
A leading International Bank and Luxury retailer based in Middle east has deployed 1st API in 2022 and 2021 respectively resulted in zero Cyber-attacks in the last 18 months.