Issue 192: Vulnerable APIs costing $75 billion, new Google API security platform
Brief
This week, we have a report from Imperva indicating that vulnerable APIs may be costing as much as $75 billion annually with the largest organizations being at the highest risk. We also have coverage of the new API security platform from Google, views from Curity on API-driven backends for frontends for increased API security, and finally a comprehensive beginners guide to the OWASP API security Top 10 from Tyk.
Report: Vulnerable APIs costing $75 billion
Last week we featured coverage of the recent from Imperva in partnership with the Marsh McLennan Global Cyber Risk Analytics Center which indicated that one in thirteen incidents originated with insecure APIs. This week we look at the financial impact of vulnerable APIs courtesy of VentureBeat. The headline figures estimate the range of possible financial impact as follows:
- Average annual API-related U.S.