NXTsoft, an API connectivity services provider, today announced the launch of OmniSecure, an API-monitoring solution that provides an additional layer of cybersecurity to NXTsoft’s secure APIs. OmniSecure monitors API security logs 24/7 and reports anomalies and suspicious activities so that immediate action can be taken.
Cybersecurity is vital to ensure the integrity of API data. According to Accenture, cybercrime could cost banks an estimated $350 billion in the next five years. Gartner Inc., a research and advisory firm, estimates that within a year, 90% of web-enabled applications will be more exposed to attack by API weaknesses than via user interface (up from 40% in 2019).
