When it comes to securing applications in the cloud, adaptation is not just a strategy but a necessity. We’re currently experiencing a monumental shift driven by the mass adoption of AI, fundamentally changing the way companies operate. From optimizing efficiency through automation to transforming the customer experience with speed and personalization, AI has empowered developers with exciting new capabilities.

You know us: Every month we’re cooking up something new! Here are the updates that hit TrustCloud this month. TrustShare GraphAI will answer questionnaires for you with accurate, high-quality responses. TrustShare is getting a huge AI glow up. GraphAI’s generative AI capabilities will now fill in answers that are more context aware, more natural, and more accurate than ever before.

As we have in previous editions of the ThreatStats report, we highlight the industry’s top API-related attacks and trends. New to this version, however, is a detailed analysis of API attacks targeting AI-based applications, representing a new and rapidly expanding threat vector. And while we encourage you to download the full report, here are some key observations about what you’ll find within. API threats to AI applications are clearly on the rise.

Change in the cybersecurity industry is inevitable, and 2024 brings upheaval in the form of geopolitical tensions, rigorous compliance requirements, and of course, the rapid acceleration of generative AI.

Digital transformation has resulted into an API-first economy where every organization is integrating deeper with customers, partners & suppliers. APIs are the gateways powering this integration. As per a Kong report in 2023, APIs will have a projected global economic impact of $14.2 trillion by 2027 – that’s more than the GDP of the UK, Japan, France, and Australia combined. As APIs drive growth, every organization will need to implement robust security systems in place for their APIs.

After a new zero-day vulnerability is announced, the National Vulnerability Database (NVD) publishes a measure of its severity under the Common Vulnerability Scoring System (CVSS). CVSS scores are a crucial tool for organizations as they give an approximation of the severity of disclosed vulnerabilities.

Identity theft is one of the things you never expect to happen to you until it does. The scariest part is not the theft itself but what follows after. Victims of identity theft don't often discover their financial, reputational, and bureaucratic lives are destroyed until long after the crime was committed. This delay makes it extremely difficult for authorities to investigate identity theft cases.

In today’s interconnected world, the Internet of Things (IoT) plays a crucial role in various sectors, from healthcare and transportation to energy and critical infrastructure. However, with the increasing reliance on IoT devices comes the heightened risk of cybersecurity threats. To address these challenges and enhance cybersecurity measures across the European Union (EU), the NIS 2 Directive (Directive (EU) 2022/2555) was introduced.

Some Apple users have reported phishing attacks using the password reset feature.