Web application and application programming interface (API) attacks against the global financial services industry grew by 65% in Q2 2023 compared to Q2 2022, accounting for nine billion attacks in 18 months with banks bearing the brunt. That’s according to the High Stakes of Innovation: Attack Trends in Financial Services report from cybersecurity firm Akamai.
The research is based on an analysis of security events detected on Akamai Connected Cloud, a network of approximately 340,000 servers in 4,000 locations on 1,300 networks in 130+ countries. Along with the rise in web app/API attacks, the financial services sector has experienced an increase in Layer 3 and Layer 4 DDoS attacks, the report found.
