1) The document discusses securing web applications by focusing on business logic security rather than just the OWASP top 10. It presents an approach to monitor business logic functions and define rules to detect attacks.
2) The approach involves instrumenting business logic functions to generate event data, processing that event stream to analyze metrics like call volumes and user flows, and defining responses like locking accounts if unusual activity is detected.
3) A case study is presented on how this approach could have detected and responded to the recent Facebook hack by monitoring functions related to user impersonation and token generation and locking affected user accounts.
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