APIs are everywhere. They power the web applications that connect today’s digital world, and their use will only continue to grow as more organisations adopt digital transformation initiatives and shift towards cloud-based solutions.
This API sprawl presents major security challenges for organisations. With these digital initiatives, cloud migration projects, and API-first application architectures, API development and usage has proliferated. Yet, most businesses don’t even know how many APIs exist within their infrastructure, let alone whether they are exposing any sensitive data or not. Without an accurate inventory, organisations cannot protect their APIs.
At the same time, the explosion in the number of APIs has created a larger attack surface for cybercriminals, who are employing increasingly sophisticated techniques to perpetrate their attacks. Because APIs transport critical information, such as sensitive financial data for open banking applications, for example, they make highly lucrative and attractive targets.
Today’s volatile political, social and economic climate has also contributed to the growing number of cyber attacks, making the need for robust API security strategies more pressing than ever before.
Global Trends are Reaching the UK
To find out how API security is impacting UK businesses, Salt Security contacted attendees from the top cybersecurity tradeshows held in London last year, including Infosecurity Europe, International Cyber Expo, DTX London, apidays London, and Black Hat Europe. We wanted to learn whether these UK-based organisations, spanning the financial services, technology, and business consultancy industries, have:
Prioritized API security as part of their cybersecurity strategy
Experienced any API security incidents
Identified key API security challenges
We found that 40% of respondents consider API security a high priority and ..
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