Security News > 2024 > June > Security challenges mount as companies handle thousands of APIs

The huge growth in modern apps and their microservices has created an exponential rise in the number of APIs.

Companies with over $10 billion in annual revenue claimed they manage more than 1,000 apps and nearly 1,400 APIs, on average.

The report found that, at each successive stage of digital transformation, the average number of APIs maintained increased by 5%. The proliferation of APIs has led companies to embrace new methods to manage and secure their growing networks.

While 43% have automated their security infrastructure for both apps and APIs.

"API-related security and management solutions are now more important than ever as APIs, apps, and the data they exchange become ever more strategic to businesses," said Cindy Borovick, Director of Market and Competitive Intelligence, F5. "However, individual technologies such as API gateways won't be enough. Automating the app and API security infrastructure can help, but automation rates in the IT domain are still below 50%. The best-protected and most efficient organizations will need to deploy comprehensive strategies for keeping track of, managing, and protecting their APIs," added Borovick.

Another key finding in this year's report is that, whether modern or traditional, today's apps and the APIs that accompany them are overwhelmingly being deployed into a hybrid, multicloud landscape.

News URL

https://www.helpnetsecurity.com/2024/06/04/companies-api-management-security/