Valentine’s Day is just around the corner. However, there is one type of romance scenario everyone is looking to avoid — falling in love with a scammer. These bad actors are constantly infiltrating popular social and dating apps on the lookout for legitimate users seeking a connection.
Once they build some rapport, they start looking for ways to extort money, and the payout for a single romance scam is well worth the effort to them, many averaging $12K. These add up to a staggering amount, and the United States Federal Trade Commission regularly issues warnings to consumers to be on their guard, “People reported a record $547 million in losses to romance scams in 2021. That is up about 80% from the reports the FTC (Federal Trade Commission) got in 2020. “
One of the main reasons this number is so staggeringly high? Bad actors use automation to scale their operations, increasingly exploiting APIs to get the accounts they need.
While legitimate end users should always be vigilant for potential red flags in a new digital connection, organizations that develop and manage the social and dating applications where these scams occur can also take measures to curb this malicious activity on their platforms. Security teams can enable a robust Unified API Protection solution that addresses common obstacles and accounts for multiple types of risk across every phase of the API protection lifecycle.
You’re Invited Discover Unified API Protection (And A New Brew) with a Virtual Coffee Tasting
Romance scams are just one of the many threats that today’s enterprises face regarding API security. If you are interested in improving your organization’s API protection strategy in the coming year, you are invited to a virtual coffee tasting in the spirit of Valentine’s Day! Participants will taste various chocolates and coffees during the session to find the perfect pairing. There will be plenty of extras of each to enjoy after the class too!
In addition to the tasting event, you will get an up-close look at our UAP Solution. The Cequence Unified API Protection (UAP) solution is the only offering that addresses all phases of the API security lifecycle to protect your APIs from attackers and eliminate unknown and unmitigated API security risks that can lead to data loss, fraud, and business disruption.
Seats are limited, so reserve your spot today!
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