The cybersecurity industry developed rapidly in 2021, and Xinglan Technology achieved outstanding results in the new track of API security

With the rise of emerging technologies such as cloud computing, the Internet of Things, big data, and 5G, the boundaries of network information security have weakened, infrastructure services have become fragmented, and the demand for security protection has continued to increase, posing greater challenges to enterprise data security. Coupled with economic globalization, issues such as data security and privacy protection have received increasing attention, and the size of the network security market has continued to grow.

2021 is the first year of the 14th Five-Year Plan and a critical time for the digital transformation of enterprises. As an important means to ensure the digital transformation of enterprises, cybersecurity has become a strategic force to support the national security system. According to an analysis report released by the China Academy of Information and Communications Technology, my country's cybersecurity industry is in a period of rapid development. It is estimated that the scale of the cybersecurity industry in 2021 will be about 200.25 billion yuan, with a growth rate of about 15.8%, maintaining high growth. Among them, data security has become the hottest field and has attracted much attention from capital.

In recent years, global data has been attacked, stolen, hijacked, and other phenomena have emerged one after another, becoming a "severely affected area" of security, bringing huge risks to the economic, political, and social fields. IBM released the "2021 Data Breach Cost Report" and stated that the average total cost of data breaches will increase by 10% from 2020 to 2021, which is the largest increase in the past seven years. The average cost of a single data breach incident for companies that suffered data breaches in 2021 was US$4.24 million, a figure that increased by 10% compared to 2020. As a channel for data transmission, from the perspective of offense and defense, the attacker's target is enterprise data. With the increasing maturity of host security/network security, it is more convenient to break through the data transmission pipeline (API) rather than penetrate layers of intranet to steal the data itself (database). With the popularization of APIs, attackers can directly attack APIs to steal data through API backend application vulnerabilities, unauthorized access, and unauthorized vulnerabilities. Due to the rapid development of APIs and the misalignment of business growth and security, data breaches caused by API security issues have occurred frequently in the past two years, so API security has received more and more attention.

For example, Postman connects developers, small teams, enterprises, and public API networks through API tools and solutions, building its own growth flywheel. This year, Postman completed a $225 million Series D financing, leading the API security ecosystem. In addition, Postman's survey results of more than 28,000 API developers showed that security ranks first among the factors that companies consider for API integration solutions, and is equally important as performance.

New ideas lead to new development, and new eras breed new opportunities. As a cutting-edge innovative network security company, Beijing Xinglan Technology Co., Ltd. (hereinafter referred to as "Xinglan Technology") uses big data analysis technology to achieve rapid response to big data security threats through its API security product "Firefly", which integrates security situation awareness, monitoring and early warning, rapid response and active defense. It implements different API security protection strategies based on data classification and classification to form a collaborative security protection system.

Those who have a long way to go will not stop until they reach the destination. As the market and customer needs change, "Firefly" has been continuously iterating and updating, launching new features such as API communication topology visualization and customized alarm strategies. With data as the core and security mechanisms as the means, it helps customers build customized API "portraits", discover and converge risks in the API production process, intercept vulnerability attacks and data theft against APIs, and ultimately build a security management solution for the entire API life cycle around the API design, development, testing, operation, and offline stages, enabling enterprise technology upgrades and providing security protection for customers' digital business transformation, large-scale distributed architecture, cloud computing, and IT digital transformation.

With its innovative ideas and excellent products, Xinglan Technology has won more than 10 awards this year, including the ISC 2021 Innovation Unicorn Sandbox Competition Champion, the 2021 CCIA Potential Star, and the runner-up of the Enterprise Group of the 6th "Maker China" Cybersecurity SME Innovation and Entrepreneurship Competition. It has been successfully selected into the "2021 China Cybersecurity Market Panorama" by Data Security, the "CCSIP 2021 China Cybersecurity Industry Panorama" by FreeBuf, and the ISC 2021 Top 100 Innovation List. In addition to being recognized by authoritative institutions and the industry, Xinglan Technology also completed a Pre-A+ round of financing of over 100 million yuan in November, led by Apple Capital and followed by Guojun Jingtai. The original shareholders Morningside Capital and Haibei Capital continued to increase their investment in this round of financing, and are deeply favored by the capital market.

Today, as the new economic model characterized by API-based application and digital capabilities is increasingly prosperous, data exchange and sharing scenarios in the IT digital transformation process represented by smart cities, mobile Internet, and the Internet of Things are the key protection targets of API security. At present, as a "commodity" and "asset" in the context of the new economy, API is advancing by leaps and bounds, and it will inevitably bring about extensive security needs. Faced with complex and ever-changing API security threats, Xinglan Technology, as a company that has paid attention to this track earlier in China, will continue to focus on the research and development of API security products, work hard to provide customers with a secure API environment, and protect every network call in the digital world.