The document discusses modern application security challenges with APIs, provides real world examples of API vulnerabilities, and discusses solutions. It begins by introducing common API security issues like object level authorization (BOLA) and function level authorization (BFLA). It then details two real attacks - one on a food delivery app that allowed account takeover via phone number verification, and one on a social network that allowed email updating due to inconsistent authorization. The document advocates for proper authorization mechanisms and expanding the attack surface to find vulnerabilities.