Application Programming Interfaces (APIs) serve as the bridge between different software applications, enabling them to communicate and share data seamlessly. They define the methods and protocols for how software components should interact, allowing developers to integrate diverse systems and functionalities. APIs are crucial in modern technology ecosystems because they empower businesses to enhance efficiency, foster innovation, and expand their digital reach. By facilitating interoperability between diverse applications, APIs streamline processes, enable the development of new features, and ultimately contribute to the creation of more dynamic and interconnected digital experiences for users.
The increasing significance and growth of APIs in today’s digital landscape has made them a prime target for cybercriminals seeking to exploit vulnerabilities and misuse APIs. Successful API exploitation can lead to severe consequences, including data breaches, service disruptions, and compromised systems, posing significant risks to businesses and their customers. The escalation in web API traffic and attacks is evident, with Postman’s latest State of API Report showing that 30% of companies report API-security-related events occur quarterly (or more). Venture Beat also estimates that API vulnerabilities cost businesses $75 billion annually worldwide.
Discover and Monitor Your APIs Before Attackers Discover Them
In a recent survey conducted by the Ponemon Institute, 54% of survey participants find it challenging to identify and catalog all APIs. The pressures of rapid innovation, across hybrid application landscapes, often leads to the creation of APIs that are not documented or part of any proper governance process, leading organizations to lose control over the diverse range of APIs in use and being offered. So, to protect your APIs you first need to discover them before your attackers do – you cannot secure what you cannot find.