96% of Firms Hit by API Incidents: What Banks Must Do Now | Steve Winterfeld, Akamai

Financial institutions are among the most defended organizations on the planet, yet attackers are outpacing them. DDoS attacks are running longer, bot activity has surged 147%, and 96% of companies have experienced an API security incident. Geopolitical conflict is driving a new wave of coordinated attacks against banking and payment systems, and AI is accelerating every dimension of the threat.

In this exclusive interview with Swapnil Bhartiya at TFiR, Steve Winterfeld, Advisory CISO at Akamai, unpacks the findings from Akamai's latest State of the Internet report, focused on the financial services sector. He breaks down what the data means for security leaders, where defenders are falling short, and what CISOs must prioritize right now.

Key Topics Covered:
- 738% increase in DDoS attack duration and how AI is driving longer, more complex infrastructure attacks at layers 3, 4, and 7
- API discovery gaps: rogue APIs, zombie APIs, and why 96% of organizations have already experienced an API incident
- Bot taxonomy: training bots, scraper bots, account takeover bots, and hoarding bots targeting financial accounts and reward systems
- Geopolitical threat shifts: pro-Iran hacktivist campaigns in the Middle East, regional attack pattern differences across Europe, Asia-Pacific, and North America
- MITRE ATT&CK v19 updates, the new ATLAS framework for AI inference attacks, and how CISOs should align SOC defenses accordingly
- Regulatory landscape: New York DFS enforcement phase, EU AI Act August 2026 deadline for high-risk systems, DORA resilience requirements, and GDPR fines exceeding 6.7 billion euros

Read the full story and transcript at www.tfir.io

#Akamai #StateOfTheInternet #CyberSecurity #FinancialServices #CISO #APISecuirty #DDoS #BotManagement #AIThreats #CyberAttacks #MITREAttack #ZeroTrust #CloudSecurity #ThreatIntelligence #TFiR

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