62% More API Attacks on India's Financial Sector

API (Application Program Interface) attacks in the Indian financial sector have witnessed a significant surge, with a 62 percent increase reported as of June 30, 2023, compared to the previous year, according to a white paper published by the Indian Computer Emergency Response Team (CERT-In) in collaboration with Mastercard and CSIRT-Fin (Computer Security Incident Response Team Financial Sector).

- 

The report titled 'API Security: Threats, Best Practices, Challenges, and Way Forward using Al' directly attributes this rise to the growing utilization of APIs within the financial sector. APIs are essentially software intermediaries that facilitate communication between two applications, such as the Google Maps API enabling developers to integrate Google Maps into their websites or apps. This finding underscore