Globe Telecom has selected Traceable AI, a leading API security company, to strengthen its API security capabilities.
Recently, leading telecommunications providers have reported large scale data breaches as a direct result of exposed APIs.
Globe Telecom relies on APIs for providing internet for its over 87 million customers in the Philippines, and delivers health and financial services via mobile applications.
Globe is using Traceable’s API Security Platform to strengthen its security infrastructure, gaining insight through API discovery and security posture, protection against sensitive data exfiltration, and threat management.
“APIs are the backbone of the Globe Group’s business and growth strategy. For our telco and non-telco businesses such as our fintech arm GCash, our customers are getting habituated to using mobile applications, making it easier to transact with us,” said Anton Reynaldo Bonifacio, Globe Group Chief Information Security Officer.
“However, the use of APIs comes with a substantial number of related and inherent risks that could result in damaging data breaches.”
“In the past, hackers had to find ways of bypassing existing solutions, such as WAFs, DLP, API Gateways, and other solutions, in order to find data and disrupt systems. Now, they can simply exploit an API, and obtain access to sensitive data, and not even have to exploit the other solutions in the security stack,” Jyoti Bansal, CEO at Traceable.