Cequence Security, a provider of Unified API Protection, has released its first half 2022 report titled, “API Protection Report: Shadow APIs and API Abuse Explode.” Chief among the findings was approximately five billion (31%) malicious transactions targeted unknown, unmanaged and unprotected APIs, commonly referred to as shadow APIs, making this the top threat challenging the industry.
“The reality is the everyday luxuries we enjoy as consumers like ridesharing and food delivery services are built on APIs,” says Ameya Talwalkar, CEO and Founder, Cequence Security. “Our research found that the innovative ways companies can improve customer experiences are also the biggest threat to their security, customer trust and ultimately, their bottom line. These companies must rethink what is prioritised in their security strategy, starting with API protection.”
