Laying the Foundation of API Security for a Financial Platform
Challenge:
A financial platform faced critical API security gaps:
- Weak authentication and authorization left systems vulnerable to breaches and unauthorized access.
- The existing framework failed to meet strict industry regulations and compliance requirements.
- The company needed a robust security solution to protect sensitive financial data, build regulatory trust, and ensure user confidence.
Solution:
OKRUTI implemented a multi-layered API security framework to secure data and meet compliance standards:
– OAuth 2.0 & JWT Authentication: Enforced token-based security to prevent unauthorized access.
– API Gateway Security: Configured rate limiting, IP whitelisting, and request validation to control API traffic.
– Encryption & Secure Transmission: Applied TLS encryption for all finance-sensitive transactions.
– Threat Monitoring & Logging: Integrated real-time monitoring and logging to detect and mitigate suspicious activity immediately.
These measures ensured end-to-end API security while maintaining high performance and usability.
Results achieved:
✔ Full compliance with financial regulations.
✔ Closed security loopholes, preventing unauthorized access and data breaches.
✔ Enhanced trust with users, regulators, and stakeholders.
✔ Optimized API performance without compromising security.
Feedback from a customer:
“OKRUTI made our APIs secure, strong, and fully compliant with industry standards.”