FinanceNews Fintech One to Watch: Akamai
Akamai is a leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere.
At the core of the company’s solutions is the Akamai Intelligent Platform providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

How they describe their product/innovation: Akamai’s Kona Site Defender is the first cloud-based Web security solution to help financial services institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications and associated data. Web based attacks have been on the rise, with Financial Services being one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. With the introduction of Kona Site Defender, real-time web security monitoring, adaptive rate controls and other powerful features are bundled into a single, always on, cloud-based solution that can protect an institution’s most critical online business functions.

In a unique demonstration, Akamai will command agents and attack servers across the Internet to launch attacks commonly directed at financial services sites (including SQL injection, slow HTTP post, and denial of service attacks) at a pair of live demonstration banking sites on the public Internet ­ one in the clear, and one protected by Kona Site Defender. The demonstration will show how these attacks can compromise an unprotected site and how Kona Site Defender is able to detect and mitigate these attacks automatically, live, in real-time. The demonstration will feature innovative adaptive rate control and real-time Web security monitoring security technologies.

Press Coverage
This $10 Billion Company You’ve Never Heard Of Is The Reason Your Internet Is Fast

If you’ve been watching the Olympics online, you’ve got one company to thank for the quality of your stream. It isn’t NBC or your cable provider. It’s a company based out of Massachusetts with a funny-sounding name that few outside of tech have heard of: Akamai — which is Hawaiian for “intelligent,” in case you were wondering.

In essence, what it does is simple: it makes everything you do on the Internet faster by putting content onto servers that are physically closer to the people accessing it. The company operates what’s known as a content delivery network, and Akamai’s is the largest in the world, serving up as much as 30% of all Web traffic (PDF).