The Federal Trade Commission or FTC, established in 1914, was put forth by then-president Woodrow Wilson to protect consumers, investors, and businesses from anti-competition or industry monopoly. Essentially this meant promoting competition and providing more opportunities for others to enter the market sector.

The process of protecting web API from attacks and ensuring only authorized access takes place is called API security. In the past six months attacks targeting APIs have increased by 400%. This has resulted in API security becoming a C-level discussion in many companies.

If you’re a SaaS vendor in healthcare, finance, or any industry, the value of solid foolproof security cannot be overstated. The data generated by your business is always a prime target for malicious entities. Add to this, the healthy growth of your business also depends on good security. The current digital landscape necessitates invaluable attention to security for any business with an online presence.