API Imperilment: The Unseen Frontier of Cybersecurity

    In an expanding digital age, API (Application Programming Interface) security has swiftly emerged as the unseen frontier of cybersecurity. A recent study conducted by Traceable AI in partnership with the Ponemon Institute reveals the extent of this hazard. The report, involving 1,629 cybersecurity professionals from the United States, the UK, and EMEA, exposes the scale and impact of API-related data breaches on organizations worldwide.

    According to the report, a staggering 74% of participating organizations encountered at least three API-related breaches in the past two years. Even more disquieting, almost a quarter reported six or more such breaches. Among the various attack vectors, DDoS attacks prominently feature as the primary hacking method, accounting for 38% of all breaches.

    Apart from the glaring figure, the report uncovers a worrying lack of understanding and confidence in API security. Confidence levels depict an alarming picture with only 38% of respondents expressing confidence in grasping the unique context surrounding APIs. Over half of the participants expressed skepticism about the effectiveness of traditional security solutions in securing APIs.

    Looking forward, the future seems to hold more challenges than reprieve. A significant 61% of those surveyed anticipate an increase in API-related risks in the coming two years. More immediately, organizations face the uphill task of controlling the burgeoning sprawl of APIs, a challenge that 48% of respondents find hard to surmount.

    The grim reality of organizations managing an average of 127 third-party API connections surfaces, with only about a third feeling capable of securing these connections effectively. Traceable AI, an industry leader in API security, underscores the need for organizations to prioritize API security as part of their critical cybersecurity strategy (Download the full report).

    To assist organizations decipher the implications of the report and shape their security strategies, Traceable AI is hosting a webinar focused specifically on the State of API Security report. The webinar will feature Larry Ponemon of the Ponemon Institute and Richard Bird, Chief Security Officer of Traceable AI as speakers. You can book a demo to understand the breadth of Traceable AI’s comprehensive API security solution.

    In the evolving landscape of cybersecurity, the priority must be to address these harmful API susceptibilities. Harnessing adequate resources and strategic implementation can significantly reduce vulnerabilities and safeguard critical data in this unseen frontier of cybersecurity.

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