Issue 271: API breaches surge in APAC, ‘Raw’ dating app exposes users, API credential missteps & API sprawl
Brief
This week, we look at a sharp rise in API security incidents across Asia-Pacific, and a critical API vulnerability in the dating app Raw . We also explore two credential-related incidents: one involving leaked OAuth credentials, and another highlighting the risks from long-lived API keys.
Finally, a deep dive into the growing problem of API sprawl and the need for effective API governance to manage the numbers of APIs under development.
Industry Report: High numbers of API security incidents in APAC
A new survey report on the costs of API attacks in the Asia-Pacific region revealed an average cost of US$580,000 per incident over the past year. Australia reported the highest frequency of incidents, with 96% of organizations affected, while China estimated the highest average cost at US$780,000.