Home > News > Top Stories > Salt Security API Protection Platform Wins "Best API Security Solution" in Prestigious 2023 SC Awards

Enterprise Security, Software Security, API Security

Salt Security API Protection Platform Wins "Best API Security Solution" in Prestigious 2023 SC Awards

Salt Security API Protection Platform Wins &quot;Best API Security

Salt Security, the leading API security company, today announced that the Salt Security API Protection Platform has won the "Best API Security Solution" category in this year's 2023 SC Awards. Now in its 26th year, the SC Awards recognizes outstanding solutions, organizations and people driving advancements in the practice of information security.

Salt Security pioneered the API security market. Its proven and mature API security platform empowers organizations to easily and quickly detect the reconnaissance activity of bad actors and block them before they can successfully reach their objective. With its powerful cloud-scale big data and time-tested artificial intelligence (AI) algorithms, Salt delivers automated and continuous analysis and the adaptive intelligence required to identify and defend against today's increasing API attacks, including those outlined in the OWASP API Security Top 10 list. These protections enable organizations to prevent fraud, secure their own and their customers' data, and ultimately protect revenue.

"APIs represent the critical communications link that transports the data powering all of today's digital innovation," said Roey Eliyahu, co-founder and CEO, Salt Security. "Because APIs carry such vast and valuable amounts of sensitive and personal data, they have become a huge attack target for cybercriminals. However, the nature of API attacks differs from traditional attacks. Salt was the first to recognize the need for a different security approach, and we are honored to have our approach validated with this SC Award for Best API Security Solution."

According to the Salt Labs State of API Security Report, Q1 2023, 94% of survey respondents experienced security problems in production APIs in the past year, with 17% stating their organizations suffered a data breach as a result of security gaps in APIs. The Salt platform delivers the deepest insights into API threats and vulnerabilities to quickly detect and block attackers. By applying its ML and AI algorithms, Salt can capture and baseline all API traffic over days, weeks, and even months, providing real-time analysis and correlation across billions of API calls to protect organizations from API threats.

"This year's SC Award winners reflected our industry in flux," said Tom Spring, SC Media's editorial director at CyberRisk Alliance. "Winners demonstrated uncanny market agility and brought innovative solutions to help their customers stay ahead of increasingly sophisticated adversaries and emerging threats."

About Salt Security

Salt Security protects the APIs that form the core of every modern application. Its patented API Protection Platform is the only API security solution that combines the power of cloud-scale big data and time-tested ML/AI to detect and prevent API attacks. By correlating activities across millions of APIs and users over time, Salt delivers deep context with real-time analysis and continuous insights for API discovery, attack prevention, and hardening APIs. Deployed quickly and seamlessly integrated within existing systems, the Salt platform gives customers immediate value and protection, so they can innovate with confidence and accelerate their digital transformation initiatives. For more information, visit: https://salt.security/

Spotlight

11 Ways to Streamline SEC Cybersecurity Compliance

Cyber attacks are increasing in volume, sophistication, and severity, and the federal government has taken notice. Now, they’re taking action — most recently in the form of new cybersecurity rules from the Securities and Exchange Commission. In “11 Ways to Streamline SEC Cybersecurity Compliance with Risk Cloud,” we explore a va

More featured news

Spotlight

11 Ways to Streamline SEC Cybersecurity Compliance

Related News

Software Security

Palo Alto Joins Telstra as the First Sole Cyber Security Vendor

Palo Alto | September 22, 2023

Palo Alto Networks has announced a strategic partnership with the largest telecommunications company in Australia, Telstra. This signifies Palo Alto Networks' commitment to delivering an expanded portfolio of cybersecurity solutions and services to meet the needs of Telstra's extensive business clientele. The partnership strengthens the existing 10-year relationship between Palo Alto Networks and Telstra. Palo Alto Networks, a global cybersecurity company, has announced teaming up with Telstra, Australia's largest telecommunications company, to offer an enhanced range of cybersecurity solutions and services to Telstra's business clients both in Australia and around the world. This collaboration marks a significant milestone, as Palo Alto Networks becomes the first dedicated cybersecurity company to be recognized as a technology alliance partner for Telstra's enterprise customer segment. Telstra serves customers in over 200 countries and territories. Telstra's technology alliance partners collaborate to create and provide comprehensive services encompassing connectivity, voice, and professional services. These services are designed to assist businesses of all sizes in addressing their challenges and capitalizing on opportunities. Regional Vice President for Australia and New Zealand of Palo Alto Networks, Steve Manley, stated, This new alliance with Telstra reinforces Palo Alto Networks’ position in the Australian market as the leading cyber security vendor to leading telecommunications carrier in Australia. It also reinforces our increased commitment to offering industry-leading joint solutions with one of the country’s most trusted managed service providers. Together, Palo Alto Networks and Telstra will collaborate to offer businesses with best-of-breed cyber security solutions to help keep them safe in a rapidly changing market landscape. [Source – Web Wire] This new partnership further solidifies the long-standing 10-year relationship between Palo Alto Networks and Telstra. It also builds upon previous agreements that expanded Telstra's SecureEdge portfolio with offerings like SecureEdge Cloud for business clients and Sovereign SecureEdge for the Australian government and agencies, both powered by Palo Alto Networks' advanced cloud-based security services. David Burns, Enterprise Group Executive at Telstra, said, Cyber security has become one of the top concerns among businesses worldwide, including here in Australia, and especially in the wake of a no. of high-profile cyber breaches. We’re now seeing the industrialization of cybercrime and the scale of threat continues to evolve and grow. As a result, we all need to be constantly changing, adapting, and looking at new technologies that can assist protect us and our customers’ data. As a leading provider of network, managed, and professional services, this new alliance between Telstra and Palo Alto Networks further boosts our capabilities to help customers protect their organizations and data from evolving cyber threats. [Source – Web Wire]

Cloud Security

Fortinet New SASE Offerings Improve Cloud Protection for Microbranches

Fortinet | September 05, 2023

Fortinet, the worldwide cybersecurity leader driving the integration of networking and security, has announced new enhancements to its market-leading single-vendor Secure Access Service Edge (SASE) offering. FortiSASE already shields the hybrid workforce using a unified agent and includes SD-WAN integration for the branch. This solidifies FortiSASE's position as the market's most comprehensive offering. The list of Fortinet extended SASE solutions: SASE for Microbranches and IoT/OT Devices: FortiSASE now offers expanded integrations within the Fortinet wireless local-area network (WLAN) suite to aid organizations in securing microbranches and associated devices. FortiAP wireless access points intelligently offload traffic from microbranches to a SASE point of presence (POP) for scalable security inspection of all devices, including IoT and OT devices. This integration also implies that the Fortinet WLAN portfolio can be managed by the same straightforward, cloud-based management console customers already use for FortiSASE. Enhanced Data Loss Prevention Service: As a component of its cloud-delivered security services, FortiSASE includes the FortiGuard-powered Data Loss Prevention (DLP) service to safeguard sensitive data across the entire hybrid environment. This service now consists of a broader range of file types, data identifiers, and Software-as-a-Service (SaaS) applications, along with sophisticated data matching techniques to prevent accidental data breaches. By constant DLP enhancement, Fortinet provides organizations with a detailed understanding of their cloud applications and the tools needed to defend against new threats effectively. End-to-end Digital Experience Monitoring: For comprehensive network and SaaS application monitoring, Fortinet's Digital Experience Monitoring (DEM) solution integrates with FortiSASE to offer insights across users, Fortinet global SASE POPs, and the performance of SaaS applications such as WebEx, Office365, and Dropbox. In addition, this integration enable endpoint monitoring to provide end-to-end visibility, empowering IT teams with the data they need to decrease resolution times and ensure a positive user experience. Leveraging FortiGuard AI-Powered Security Services, Fortinet's SASE provides an extensive set of features, including unified security, streamlined management, and end-to-end Data Edge Management (DEM). This is accomplished by seamlessly integrating cloud-based security components, such as a cloud access security broker, secure web gateway, and Firewall-as-a-Service, in conjunction with networking functionalities through Software-Defined Wide Area Networking (SD-WAN). In addition, the solution incorporates Universal Zero Trust Network Access (ZTNA) capabilities to ensure resilient and secure connectivity to and from the internet, privately hosted applications, and Software as a Service (SaaS) applications.

Network Threat Detection

Fortinet Focuses on Business Growth to Drive Cybersecurity Innovation

Fortinet | November 06, 2023

Fortinet prioritizes secure networking, universal SASE, and security operations to expand globally and innovate in cybersecurity. Secure networking is estimated to reach $86 billion by 2027 and universal SASE $36 billion, aligning with the strategic change. Focusing on cybersecurity growth strengthens Fortinet's commitment to customer value and innovation. Fortinet, a global leader in cybersecurity, is focusing its business strategy on high-growth markets, emphasizing secure networking, universal secure access service edge (SASE), and security operations. This shift will drive innovation and reinforce its commitment to customers. Fortinet is reorganizing its research & development (R&D) and go-to-market (GTM) strategies around the three markets mentioned. They will develop integrated and advanced products to cater to these areas. Fortinet operates globally, serving hyperscale customers and promoting cybersecurity technologies. The three core markets Fortinet is concentrating on are secure networking, universal SASE, and security operations. These markets are expected to experience substantial growth, and Fortinet has a competitive advantage in them. This strategy aims to expand Fortinet's global business and provide value to its customers. The company is aligning with areas of high demand in the cybersecurity sector. Its current collection of organically developed and integrated products and services enjoys a notable competitive edge in the aforementioned three crucial markets: The market for secure networking is anticipated to reach $86 billion by 2027, expanding at a rate of nearly nine percent per year. 5G gateways, network firewalls, secure switches, and access points comprise the majority of its composition. With the expansion of its firewall business, Fortinet anticipates a corresponding increase in revenue for its FortiGuard Security Services, which are propelled by artificial intelligence (AI). Secure networking remains an integral component of Fortinet's strategy, given that it dominates both firewall revenues and units shipped in its greatest addressable market. Also, by 2027, the universal SASE market is anticipated to reach $36 billion, representing an annual expansion of nearly 20%. The system integrates various cloud-native networking and security technologies, including SD-WAN, secure web gateway (SWG), cloud access security broker (CASB), data loss prevention (DLP), zero-trust network access (ZTNA), SASE, and others. Its purpose is to streamline the process of implementing a zero-trust strategy. All functions of the SASE solution developed by Fortinet can be executed either in an appliance or in the cloud. This capability is facilitated by a unified management console, networking and security layer, and operating system. Recently, Fortinet was positioned in the inaugural Gartner Magic Quadrant for Single-Vendor SASE in 2023. Lastly, the security operations market is anticipated to reach $78 billion by 2027, expanding at slightly more than 14% per year. Fortinet's SecOps platform is the most comprehensive, integrated, and broad in the industry, enabling organizations to gain control and insight into their distributed operations through security orchestration, endpoint detection and response (EDR), automation and response (SOAR), security information and event management (SIEM), network detection and response (NDR), and additional integrated enterprise-grade cybersecurity technologies. Complementing Fortinet's R&D expenditures are strategic realignments in its GTM investments, concentrating on security operations, universal SASE, and secure networking. With the assistance of marketing support and training, sales will be structured in accordance with these three strategic areas in order to increase market penetration and consumer engagement.