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.

© 2017 Karvy Technology. All rights reserved.