Security News > 2024 > March > 95% of companies face API security problems

95% of respondents surveyed by Fastly said they had experienced API security problems in the last twelve months.

"The results of our survey show that decision-makers know that increased reliance on APIs creates a risk of serious cyberattacks. But so far they are not doing enough about it. This is surprising given that the operational and reputational cost of a breach far outweighs the price of deploying a consolidated web application and API security solution from a single provider," said Jay Coley, Senior Security Architect at Fastly.

Asked which attributes of an API security platform would be the most important to their company, respondents said number one would be identifying which APIs expose personal or sensitive data.

Companies are increasingly struggling to identify API attacks because of the sheer volume of notifications that they receive using legacy security solutions.

Only 14% of companies surveyed regarded the use of AI technologies in API security as a priority.

91% of C-suite and compliance experts place 'a high or very high' level of importance on API security but only 74% of in-house security specialists feel the same way.

News URL

https://www.helpnetsecurity.com/2024/03/22/api-security-importance-for-businesses/