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Author: Anthony Weaver

Akamai Security Research: APIs Are Now Target of Choice for Cybercriminals Attacking Financial Services Organisations

Up to 75% of all Credential Abuse Attacks Targeted APIs Akamai Technologies, Inc. (NASDAQ: AKAM) today published the Akamai 2020 State of the Internet / Security: Financial Services – Hostile Takeover Attempts report. The research findings reveal that from May 2019 and continuing on until the end of the year, there was a dramatic shift by criminals who started targeting APIs, in an effort to bypass security controls. According to data from Akamai, up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly. According to the report’s findings, from December 2017 through November 2019, Akamai observed 85,422,079,109 credential abuse attacks. Nearly 20%, or 16,557,875,875, were against hostnames that were clearly identified as API endpoints. Of these, 473,518,955 attacked organisations in the financial services industry. But not all attacks were exclusively API focused. On August 7, 2019, Akamai recorded the single largest credential stuffing attack against a financial services firm, in our company’s history, consisting of 55,141,782 malicious login attempts. This attack was a mix of API targeting, and other methodologies. On August 25, in a separate incident, the criminals targeted APIs directly, in a run that consisted of more than 19 million credential abuse attacks. “Criminals are getting more creative and hyper-focused on how they go about obtaining access to the things they need to conduct their crimes,” said Steve Ragan, Akamai security...

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Workz launches IoT platform to enable businesses to streamline operations

IoT provider offers real-time tracking and remote management of assets 21 February 2020, Dublin/Dubai: As the demand to connect IoT devices continues to grow as more businesses seek to implement digital transformation strategies, mobile and IoT solutions provider, Workz Group today announced the launch of its new Z-IoT device management platform. The solution is designed to help service providers such as device manufacturers, mobile network operators, and government bodies optimise operational efficiencies and maximise the revenue potential of their devices and data. According to the GSMA, in the next five years, the IoT market will be worth over $1 trillion, with the total number of connected devices surpassing 25 billion. The insight and flexibility gained through the use of IoT devices in areas like smart cities, energy, transportation, agriculture, factories and robotics are expected to lead to greater revenue-generating opportunities for businesses. As part of Workz’ offering, users are able to remotely manage their devices through real-time tracking and operation with customised applications to fit specific business needs. With a pay-only-for-what-you-use pricing model, the Workz platform is designed to be highly competitive for all budgets, providing both scalability and an attractive return on investment from trial and soft launch, to mass-market rollout. “As the digitisation of industry continues, it is important for businesses to be able to embrace this transformation without crippling expenditure or resources,” said Stéphane Fund, Workz...

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