Criminals target APIs to attack financial services systems

In the year to November 2019, 75 percent of all credential abuse attacks against the financial services industry targeted APIs directly, according to a new report. The research from Akamai observed 85,422,079,109 credential abuse attacks. Nearly 20 percent, or 16,557,875,875, of these were against host names that were clearly identified as API endpoints. Of these, 473,518,955 attacked organizations in the financial services industry. In August the company recorded the single largest credential stuffing attack against a financial services firm in its history, consisting of 55,141,782 malicious login attempts. "Criminals are getting more creative and hyper-focused on how they go about… [Continue Reading]