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Traceable AI Platform Confronts API-Based Data Security And Fraud Attacks In Latest Platform Update
Fraudsters attack organizations by analyzing and scrutinizing information in real-time. Sophisticated fraudsters may be thwarted by sophisticated
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CIO Applications | Friday, August 26, 2022

The ability to detect, stop and eliminate even the most insidious API attacks is available to organizations of all sizes.
FREMONT, CA: Fraudsters attack organizations by analyzing and scrutinizing information in real-time. Sophisticated fraudsters may be thwarted by sophisticated security software but are challenging to detect by manual checks. At this point, using fraud prevention APIs is often beneficial and proves to be quite helpful. Traceable AI one of the top API security and observability providers, unveiled improved capabilities to address more specialized API attacks. A few are API abuse and misuse, fraud, and malicious API bots, all of which today's organizations face severe problems with data security and compliance.
"APIs are the largest attack vector for data loss, business logic abuse and fraud in nearly every industry. Organizations are seeing more APIs being abused for account takeovers, manipulate inventory or prices, fraud in referral or digital payments or exfiltrate sensitive data such as social security numbers and banking information. These have serious consequences from a compliance standpoint, in addition to a negative financial and brand impact. We recognize how important it is to prevent abuse and fraudulent activities via API's and continue to innovate our API Security Platform. These latest platform updates better arm organizations against these types of malicious threats." states CTO and co-founder of Traceable AI, Sanjay Nagaraj.
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Traceable's expanded data security capabilities address the basic business and financial concerns and the frequent operational downtime linked to API data breaches. For safeguarding their data, financial resources, and reputation, businesses can use these new capabilities to automatically detect, stop, and destroy these types of sophisticated attacks. These attack types frequently take the form of account takeover, API fraud and abuse, and malicious API bots.
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