Salt Security allows Berkshire Bank to
accurately capture, catalog, and secure its growing API
activity
PALO
ALTO, Calif., June 1, 2022
/PRNewswire/ -- Salt Security, the leading API security
company, today announced that Berkshire Bank, a leading socially
responsible community bank with office locations in New England and
New York, has selected the Salt Security API Protection
Platform to secure its growing ecosystem of APIs. The Salt platform
enables Berkshire Bank to reduce business risk by shielding itself,
its partners, and its customers from rising API-based cybersecurity
threats, while augmenting the company's zero trust security
model.
Berkshire Bank joins a growing number of financial services
institutions that have chosen Salt Security to secure their and
their customers' critical data, including Ally Bank, Apiture, City National Bank, and
Finastra, among others.
"As a business enabler 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 so at the expense of our customers'
security," said Ryan Melle, SVP,
Chief Information Security Officer, Berkshire Bank. "Salt Security
makes it easy for us to mitigate the risk of API-based exposure
when storing and sharing information online about our customers'
financial data. We looked at other solutions but only Salt had the
full range of capabilities we wanted – 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 the Salt Security State of API
Report, Q1 2022, API attacks rose 681% in 2021, compared to a 321%
increase in overall API traffic during 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, Salt Security. "Bad actors have also zeroed-in
on the valuable information that APIs hold. The industry has
quickly realized that today's solutions, such as web application
firewalls (WAFs) and API gateways, fail to defend against API
threats. Even solutions supposedly designed for API security lack
the context needed to identify API attacks in the wild. Only Salt
applies cloud-scale big data to the challenge, providing the
context needed to identify API attacks, which often unfold over
days, weeks, and even months."
Dedicated API Security Reduces Risk for Financial
Services
Salt Security delivers an automated approach that
empowers Berkshire Bank to streamline data protection as it
continuously discovers all APIs. With the ability to capture and
accurately inventory all API activity and automatically detect
anomalies in API behaviors, financial service organizations
can:
- Prevent API attacks that allow unauthorized access to
accounts
- Defend APIs from account takeover (ATO)
- Protect their API rich web and mobile banking applications
Salt Security delivers full lifecycle protection across build,
deploy and runtime phases, including defending against the attacks
outlined in the OWASP API Top 10 list. With the remediation
insights uncovered by the Salt API platform, Berkshire Bank can
strengthen and harden APIs in the development process to more
confidently protect itself against attacks.
The Salt Security patented API Context Engine (ACE)
architecture, powered by cloud-scale big data, AI and ML, provides
context-based, continuous analysis to baseline normal API behavior
so that users can detect the reconnaissance activity of bad actors
and block them before they can reach their objective. It also
requires no configuration and provides seamless integration with
existing DevOps and SecOps tooling 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 core 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 activities across 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 a company's APIs and requires no configuration
or customization to pinpoint 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 people, families,
and businesses in its communities as it pursues its vision of being
the leading socially responsible omni-channel community bank in the
markets it serves.
Berkshire provides business and
consumer banking, mortgage, wealth management and investment
services. The Bank has approximately $12.1
billion in assets and operates 105 branch offices in New
England and New York.
Headquartered in Boston, Berkshire
Hills Bancorp (NYSE: BHLB) is the parent 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, Instagram,
and LinkedIn.
Press Contact
Dex
Polizzi
Lumina Communications
646-741-8358
Salt@luminapr.com
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SOURCE Salt Security