Vulnerable APIs and bot attacks cost businesses $186bn annually, with larger firms facing higher abuse.

A report by Imperva Inc. reveals that vulnerable APIs and bot attacks are costing businesses approximately $186 billion annually. Larger organizations are more susceptible, with firms earning over $1 billion facing two to three times more automated API abuse. Insecure APIs contribute to $87 billion in losses, while bot attacks account for $116 billion. The rise in incidents, with API attacks increasing by 40% and bot attacks by 88% in 2022, highlights growing cybersecurity risks.

September 18, 2024
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