Axway Partners with Elastic Beam to Leverage Artificial Intelligence for API Security

To protect global organizations against ever-increasing security threats, Axway (Paris:AXW) (Euronext: AXW.PA) a catalyst for digital transformation, today announced a global partnership with Elastic Beam, an innovative Silicon Valley-based company that uses artificial intelligence (AI) algorithms to protect APIs. Together, Axway and Elastic Beam will help organizations achieve optimal security and ecosystem engagement by leveraging an AI engine, integrated with Axway API Gateway, that automatically detects and blocks new attacks on APIs. The Elastic Beam integration leverages pre-configured Axway API Gateway policy available through Axway Marketplace that enables customers full control over their environment. The solution will be featured at APIdays Paris.

APIs are an essential element for modernizing IT infrastructures and represent a new attack surface that is increasingly targeted by hackers to take over accounts, steal critical consumer and business data, delete important information, commit fraud and conduct other harmful activity, including DDoS attacks on APIs. To protect organizations against those threats, infrastructures need to not only leverage the security of the API gateway, but also need to dynamically identify and block hackers. Elastic Beam uses an advanced AI engine to sort out API sessions and traffic to identify what is abnormal or suspicious for automated termination.

By combining the Elastic Beam solution with Axway AMPLIFY API Management, which enables organizations to manage the entire API lifecycle by providing an integrated solution to create, control, secure and consume APIs, customers can secure their digital assets against emerging cyber threats while providing complete visibility over their environments.

"We are witnessing an influx of API attacks globally and most go undetected as organizations are still wrestling with this new set of threats. In fact, many household brands have had to apologize for well-publicized attacks that used their APIs to steal private consumer information,” said Bernard Harguindeguy, CEO, Elastic Beam. "Elastic Beam is pleased that we can work with an established API management industry leader like Axway to protect against a broad range of API cybersecurity attacks that global organizations are constantly fighting.”

Elastic Beam extends Axway’s security capabilities by offering:

• Instant attack detection and blocking. Elastic Beam provides deep API traffic inspection, backed by a scalable and powerful artificial intelligence engine capable of determining API behavior and identifying threats. Elastic Beam also provides a deception environment that inserts decoy APIs within real ones to instantly trap hackers and block access.
• Complete visibility into new API attacks via dashboards and reports. Using AI, Elastic Beam accelerates the gathering of evidence after an attack, tracks compliance and gives organizations full visibility into all activity. This complements Axway’s monitoring and analytics capabilities for visibility into new API threats.
• Blocking cyberattacks in multi-cloud environments. The solution supports deployments on-premise, and in private and public cloud, and propagates attack information across the customer’s clouds to prevent attacks from reconnecting.

"We are excited about our partnership with Elastic Beam and proud that our customers are now able to benefit from a comprehensive security solutions for API environments. Axway implements access control, and then rate limiting or quota for authorized consumers, Elastic Beam complements by identifying atypical behavior based on the usage pattern of APIs. This allows us to detect attacks even with valid credentials,” said Suraj Kumar, VP Solution Management, Axway. "Axway is focused on providing best in class API security at the Edge of the enterprise. Partnering with Elastic Beam enables Axway to deliver an innovative AI security module that detects new API threats. We wanted to enable existing customers to easily activate this module on sensitive traffic quickly and then do a progressive rollout.”

Supporting Resources

• Read more about Axway and Elastic Beam here.
• Follow Axway’s news on Twitter: @Axway

About Axway

Axway (Euronext: AXW.PA) is a catalyst for transformation. With Axway AMPLIFY™, our cloud-enabled data integration and engagement platform, digital leaders anticipate, adapt and scale to meet rising customer expectations. Our unified, API-first approach connects data from anywhere, expands collaboration, fuels millions of apps and delivers real-time analytics to build customer experience networks. From idea to execution, we help make the future possible for more than 11,000 organizations in 100 countries. To learn more, visit www.axway.com.

About Elastic Beam

Founded in 2014, Elastic Beam is headquartered in Redwood City, CA. The company delivers AI-powered cybersecurity for the API-driven economy. Elastic Beam’s flagship solution, API Behavioral Security, was built by Silicon Valley entrepreneurs with a history of success in the Cloud infrastructure, API Gateway, and security space. To learn more about how Elastic Beam can bring intelligence and security to your API environment, please visit http://www.elasticbeam.com.

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