Security News > 2023 > September > Elevating API security to reinforce cyber defense

While APIs are essential to many operations and used extensively, a lack of prioritization and understanding is leading us towards a growing API security crisis, according to a report by Traceable AI and Ponemon Institute.

Plus, 57% of respondents feel traditional security solutions, including web application firewalls, can't effectively distinguish genuine from fraudulent API activity.

In spite of this, 43% of respondents admitted to not prioritizing API security.

60% of respondents say their organisations have had at least one data breach caused by API exploitation.

"In an era where digital ecosystems are intrinsically entwined with our operational fabric, this report brings to light the hidden iceberg beneath the API landscape. It's alarming to see that the majority of businesses are navigating these treacherous waters with a significant blind spot, unprepared and underestimating the very real threats associated with APIs," said Richard Bird, CSO of Traceable.

"As a security community, we must address this glaring disconnect, prioritizing API security as a cornerstone of our cyber defense strategy. It's time that API security is elevated from the server room to the boardroom. Only by doing so can we hope to stay ahead of the evolving threat landscape," Bird concluded.

News URL

https://www.helpnetsecurity.com/2023/09/11/api-security-prioritization/