Salt Security Enables Berkshire Bank to Accurately Capture, Catalog and Secure Growing API Business
PALO ALTO, Calif., June 1, 2022 /PRNewswire/ — Salt Safetyleading API security company, today announced that Berkshire Bank, a leading socially responsible community bank with offices in New England and New York, has selected the Salt Security API Protection Platform to secure its growing API ecosystem. The Salt platform enables Berkshire Bank to reduce business risk by protecting itself, its partners and customers against the rise of API-based cybersecurity threats, while reinforcing the Berkshire Bank’s zero-trust security model. company.
Berkshire Bank joins a growing number of financial services institutions that have chosen Salt Security to secure their critical data and that of their customers, including Allied bankApiture, City National Bank and Finastra, among others.
“As a business facilitator that supports multiple Fintech partnerships, Berkshire Bank wants to bring innovative and convenient financial offerings to market as quickly as possible. However, we will never do this at the expense of our customers’ security” , said ryan melle, SVP, Chief Information Security Officer, Berkshire Bank. “Salt Security allows us to easily mitigate the risk of API-based exposure when storing and sharing information about our customers’ financial data online. We looked at other solutions, but only Salt had the full range of features we were looking for: complete API visibility, protection across build and runtime, and seamless integration into every facet of our API ecosystem.”
Digital transformation, mobilization, cloud migration and application modernization represent the new technology frontier for financial services, and APIs are the delivery vehicle to get there.
However, APIs have also become the number one attack vector for applications today. According to Salt Report on the State of API Security, Q1 2022API attacks increased by 681% in 2021, compared to a 321% increase in overall API traffic over the same period.
“Berkshire Bank, like many of our customers, has begun to rely more heavily on APIs to drive and support new digital business initiatives,” said Roey Eliyahu, co-founder and CEO of Salt Security. “Malicious actors have also focused on the valuable information that APIs contain. The industry quickly realized that current solutions, such as web application firewalls (WAFs) and API gateways, do fail to defend against API threats Even solutions that are supposed to be designed for API security lack the context to identify API attacks in the wild Only Salt applies big data at scale cloud to meet the challenge, providing the context needed to identify API attacks, which often unfold over days, weeks, or even months.
Dedicated API security reduces risk for financial services
Salt Security offers an automated approach that allows Berkshire Bank to streamline data protection by continuously discovering all APIs. With the ability to accurately capture and inventory all API activity and automatically detect anomalies in API behaviors, financial services organizations can:
- Prevent API attacks that allow unauthorized access to accounts
- Defend APIs against Account Takeover (ATO)
- Protect their API-rich web and mobile banking applications
Salt Security provides full lifecycle protection through the build, deploy, and runtime phases, including defense against the attacks described in the Top 10 OWASP APIs listing. With remediation insights discovered by the Salt API platform, Berkshire Bank can strengthen and harden APIs in the development process to more confidently protect against attacks.
Salt Security’s patented ACE (API Context Engine) architecture, powered by big data, AI, and cloud-scale ML, provides continuous context-based analysis to benchmark normal API behavior so that users can detect bad actor recognition activity and block them. before reaching their goal. It also requires no configuration and offers seamless integration with existing DevOps and SecOps tools and workflows.
To learn more about the Salt Security API Protection Platform or to request a demo, please visit: https://content.salt.security/demo.html.
About Salt Security
Salt Security protects the APIs that form the heart of every modern application. Its API Protection Platform is the industry’s first patented solution to prevent the next generation of API attacks, using machine learning and AI to automatically and continuously identify and protect APIs. Only Salt Security has the ability to correlate the activities of millions of APIs and users over time and provide real-time analysis of all that data. Deployed in minutes, the Salt Security platform learns the granular behavior of an organization’s APIs and requires no configuration or customization to identify and block API attackers. For more information, please visit: https://salt.security
About Berkshire Bank
Berkshire Bank is transforming what it means to bank its neighbors socially, humanly and digitally to empower the financial potential of individuals, families and businesses in its communities as it pursues its vision to be the leading socially responsible omnichannel community bank in the markets. which he serves.
Berkshire offers corporate and personal banking, mortgages, wealth management and investments. The Bank has approximately $12.1 billion in assets and operates 105 branches in New England and New York. Based at BostonBerkshire Hills Bancorp (NYSE: BHLB) is the parent company of Berkshire Bank and is a member of the Bloomberg Gender Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, instagramand LinkedIn.
SOURCE Salt Security