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Why Insurers Need Visibility Into APIs Risks
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Why Insurers Need Visibility Into APIs Risks

Akamai·Andre Kerstens·about 1 month ago
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Akamai acquired Noname Security in June 2024. The Noname Security product is now Akamai API Security, but this archived blog post reflects the product and feature names on the original date of publication. \r\n \r\n Why is API security crucial for insurance companies? Consider what happens when disaster strikes, from an unfortunate car accident to damaged business equipment. Policyholders rely on mobile apps and online portals that collect information, open claims, and process them through automated workflows. Behind the scenes, an insurer's APIs handle what amounts to a policyholder's life story told in the form of data. These APIs exchange: \r\n \r\n Sensitive details on people’s health, homes, families, vehicles, and valuables \r\n \r\n Personally identifiable information (PII) and payment data linked to bank accounts  \r\n \r\n Data on employees, properties, and legal matters, for businesses with policies \r\n \r\n \r\n This proximity to data is what makes APIs a significant risk.…

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