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API Security Study 2024

The rise of cloud computing, microservices, and mobile apps emphasises the importance of APIs in system connectivity. Yet, without robust protection, APIs are vulnerable to cyberattacks, leading to data leaks, financial losses, reputation damage, and legal issues for businesses.

Fastly, collaborating with the CSO, CIO, and COMPUTERWORLD custom research team, surveyed 235 companies across Europe, spanning various industries, to assess their API security status, with a focus on cybersecurity decision-makers, experts, and practitioners.

The report offers crucial insights into companies' API security concerns, providing essential input to shape your cybersecurity strategy and help you establish a secure digital environment.

Key findings from our study:

  • In the last year, 95% of respondents encountered API security issues. Of these, 39% dealt with API vulnerabilities, while 33% encountered authentication problems.
  • 84% of companies have not implemented dedicated measures to enhance interface security. This is mainly due to financial limitations and a shortage of expertise.
  • 69% of companies express interest in a unified solution for web application and API security from a single provider.
  • To detect an API attack, 55% of respondents rely on API gateway alerts, 46% search log data, and 37% utilize WAF.
  • 58% of respondents foresee notable changes in API security due to AI adoption within the next two to three years. This expectation increases to 75% among financial institutions and insurers.

Download the full report now to delve into key findings, vertical insights, and regional data, enabling the creation of a secure digital environment.