API Security in FinTech
APIs are the backbone of modern fintech, powering seamless transactions and data sharing. API security is critical, a leader in digital payments. The organization is available in Japan and integrates with internationally recognized payment apps like Alipay, Union Pay, and WeChat Pay.
This case study explores how the organization partnered with Rakuten SixthSense to implement a comprehensive API Security solution, resulting in enhanced visibility, proactive threat detection, and improved security posture.
While specific numbers may vary, the principles and benefits outlined here are directly applicable to any fintech organization seeking to secure its API ecosystems.
Outcomes
By implementing Rakuten SixthSense API Security, the organization achieved significant improvements
- •Improved Visibility : Gained 360-degree visibility into its API ecosystem, identifying and cataloging all APIs, including previously unknown shadow APIs
- •Proactive Threat Detection : Detected and prevented numerous API attacks in real-time - increasing overall API stability by 10%
- •Reduced Risk of Data Breaches : Reduced the risk of data breaches and compliance violations by more than 100%
- •Enhanced Security Posture : Improved its overall API security posture, demonstrating a commitment to security and building trust with customers and partners
- •Increased Efficiency : Automated API security tasks, freeing up security teams to focus on more strategic initiatives
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