Security News > 2020 > June > API Protection Firm Salt Security Raises $20 Million
API security startup Salt Security has raised $20 million in a Series A funding round led by Tenaya Capital.
"The majority of API traffic is for custom applications, which is the result of digital transformations and cloud-based application deployment. For security teams, growth in API volume is important when considering risk, because some security tools are not equipped to manage API traffic."
To help solve and protect this relatively new but rapidly expanding attack surface, Salt Security has developed an API Protection Platform.
"Roey Eliyahu, CEO of Salt Security, gave SecurityWeek an example: the 2018 Facebook breach that allowed hackers to collect 50 million facebook records."The hackers found an API vulnerability that allowed them direct access to the profiles of named accounts," he said.
"In this case, it required 50 million API calls, but in other API vulnerabilities you might be able to bring the service down, or request a data dump - it all depends on the API in question and the vulnerability discovered.