We’re pleased to share that Salt has extended the capabilities of our powerful AI algorithms, further strengthening the threat detection and API discovery abilities of the Salt Security API Protection Platform. (Check out today’s announcement.) Here at Salt, we always look forward to the RSA Conference, but this year we are doubly excited to attend and showcase these new advanced capabilities! Salt invests significant resources into the continued innovation of our API security platform.
Security AI usage has surged, and enterprises are reaping the benefits. In its 2022 Cost of a Data Breach Report, IBM found that organizations deploying security AI and automation incurred $3.05 million less on average in breach costs – the biggest cost saver found in the study. According to the study, organizations using security AI and automation detected and contained breaches faster. However, while leveraging AI clearly makes a difference, organizations must implement the right architecture.
The latest Salt Labs State of API Security report is out, and we’re excited to share with you some of the key findings. The security industry news has frequently covered high-profile application programming interface (API) breaches over the past few years, so it’s no surprise that our research found that attackers have upped their activity. Salt Labs analyzed the past year of Salt customer data and found a 400% increase in unique attackers just over the last six months alone.
We’ve already had the first major API-related cybersecurity incidents for 2023. The T-Mobile API breach exposed the personally identifiable information (PII) of 37 million customers. The API attack had been going on since November but was not discovered and disclosed until January 19, illustrating the threat of the “low and slow” approach of API attacks, which are increasing at a steady pace.
I’m excited to share the latest evidence of Salt leadership in API security, with two powerful tributes. First – Salt Security has been honored as winning the “Peace of Mind” category during the first-ever Ally Technology Partner Awards! Ally Financial, the nation’s largest digital-only bank and leading auto finance company, highlighted five suppliers for their outstanding service excellence across a broad array of criteria.
Keeping our customers’ data safe so that they can move forward with business innovation is our constant north star here at Salt. But it’s even more gratifying when our mission is in service to a higher purpose, as it is with today’s announcement of our deployment at Guild Education. With its Career Opportunity Platform, Guild Education helps employees forge a better career path through education.
