As the post-pandemic world leans heavily on digital interaction to maintain user connections, the volume of API traffic has grown rapidly. However, this growth has also brought on emerging security challenges. Organizations must regularly test Application Programming Interfaces (APIs) to identify vulnerabilities, and address these vulnerabilities using security best practices. APIs may have vulnerabilities like broken authentication and authorization, lack of rate limiting, and code injection. With organizations often having hundreds or even thousands of APIs in use, the task of securing them all is highly complex. The challenge requires a strategic approach for security assessment that can be applied universally and efficiently across a diverse set of APIs. An API attack is abusive or manipulative usage or attempted usage of an API, commonly used to breach data or manipulate a commerce solution. The growth of APIs (application programming interfaces) is more important than ever. It can lead to malicious traffic growth, consequently. APIs today prove their value by driving new digital business revenue growth and transforming decades-old business models. Such APIs have also become a fast-growing threat vector and a nexus of what research group Forrester calls “API insecurity.” What the enterprise needs is to approach APIs from a zero-trust security paradigm.
API breaches, including those at Capital One, JustDial, T-Mobile, and elsewhere, continue to underscore how perimeter-based approaches to securing web applications aren’t scaling well for today’s APIs.
APIs start with zero-trust security
Given how pervasive APIs are today, organizations need an overarching API security strategy that scales to address compliance and security challenges while keeping business outcomes in balance. Zero-trust security can address those challenges and is needed to secure APIs throughout the software development lifecycle and into production.
One ex.
As the post-pandemic world leans heavily on digital interaction to maintain user connections, the volume of API traffic has grown rapidly. However, this growth has also brought on emerging security challenges. Organizations must regularly test Application Programming Interfaces (APIs) to identify vulnerabilities, and address these vulnerabilities using security best practices. APIs may have vulnerabilities like broken authentication and authorization, lack of rate limiting, and code injection. With organizations often having hundreds or even thousands of APIs in use, the task of securing them all is highly complex. The challenge requires a strategic approach for security assessment that can be applied universally and efficiently across a diverse set of APIs. An API attack is abusive or manipulative usage or attempted usage of an API, commonly used to breach data or manipulate a commerce solution. The growth of APIs (application programming interfaces) is more important than ever. It can lead to malicious traffic growth, consequently. APIs today prove their value by driving new digital business revenue growth and transforming decades-old business models. Such APIs have also become a fast-growing threat vector and a nexus of what research group Forrester calls “API insecurity.” What the enterprise needs is to approach APIs from a zero-trust security paradigm.
API breaches, including those at Capital One, JustDial, T-Mobile, and elsewhere, continue to underscore how perimeter-based approaches to securing web applications aren’t scaling well for today’s APIs.
APIs start with zero-trust security
Given how pervasive APIs are today, organizations need an overarching API security strategy that scales to address compliance and security challenges while keeping business outcomes in balance. Zero-trust security can address those challenges and is needed to secure APIs throughout the software development lifecycle and into production.
One ex
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There are rising concerns on #APIs that are been used in the #bankingindustry, it comes with the risk of security breaches. As APIs allow different systems and platforms to communicate and share data with each other, they can also provide a potential point of entry for cybercriminals to access sensitive information.
The most critical API security risks include: Broken object level, user- and function-level authorization, excessive data exposure, lack of resource, security misconfiguration, and insufficient logging and monitoring. The implications of these and other risks are huge.
Sources said, A leading US investment bank is using APIs to help clients monitor customer sentiment and respond proactively based on the insights gathered. Another US bank has an open portal where developers can access and implement financial solutions for customers, such as direct payments or budgeting and planning.
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