API and Bot Attacks: A $186 Million Annual Cost to Businesses
Wednesday, 18 September 2024, 05:00
API and Bot Attacks: A Financial Threat
The recent report released by Imperva indicates that API and bot attacks are causing staggering losses of $186 million for businesses each year. As these attacks proliferate, companies must reevaluate their security measures.
Understanding the Report's Findings
The Imperva report outlines key statistics that reveal the urgent need for business awareness and proactive measures:
- Bot attacks have increased significantly over the past few years.
- Vulnerabilities in application programming interfaces (APIs) are prime targets.
- Businesses face not only financial loss but also reputational damage.
Strategies for Mitigation
To combat these threats, companies should:
- Enhance API security protocols.
- Invest in advanced bot detection solutions.
- Educate employees about security best practices.
Taking these steps can help minimize the financial impact of such attacks and secure valuable company assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.