Thales Exposes Vulnerable APIs Targeted by Bot Attacks Costing Businesses Billions
APIs and Cybersecurity: A Major Concern
Vulnerable APIs are becoming a critical issue for businesses worldwide, with rising bot attacks amplifying the threat. The financial impact is staggering, costing enterprises up to $186 billion annually. Industry experts from Thales emphasize the importance of safeguarding these entry points to combat attacks effectively.
The Surge in Attacks
In recent years, bot-related attacks have dramatically expanded, increasing incident counts by 88% in 2022 alone, and continuing to rise by 28% in 2023. This escalation highlights a pressing need for enhanced security measures.
Implications for Businesses
Organizations must realize that failing to address API insecurity could lead to devastating financial losses and compromise sensitive data. It's crucial for companies to adopt advanced security strategies to protect against these vulnerabilities.
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.