APIs have become a security nightmare for both SMEs and enterprises.
Hackers don’t discriminate based on the number of employees or the size of the IT budget. The same types of security risks affect businesses, regardless of size.
Related: Using employees as human sensors
Day after day, small and medium-sized businesses are subjected to cyberattacks. They are often unaware of the risks they are taking, which can include hacking, fraud, phishing, and more. One of the main culprits for these attacks is a lack of understanding of application programming interfaces, or APIs.
Both SMEs and enterprises have been struggling with APIs as a mechanism for information security. According to Forbes, “The first half of 2018 was marked by a spike in API-related data breaches, with the 10 largest companies reporting the loss of 63 million personal records.”
These types of attacks can allow hackers to steal massive amounts of sensitive data, disrupt operations, and even take down websites. To protect against these attacks, companies must implement a wide range of robust API security measures, including authentication, authorization, encryption, and vulnerability scanning. The large number of options has a direct impact on the budget.
The fact that there are so many different APIs is the main challenge for companies when it comes to API security. Storing authentication credentials for the API is a major issue. This can be exacerbated by certain companies using the Internet of Things (IoT) that do not have good security.
Businesses are realizing that they must continue to power off personal devices, leaving them vulnerable to attack. The other problem with APIs is that once one is compromised, all of your accounts are likely to be affected because whoever gains access will only use your username and password to log in to other sites, apps, etc.
The threat that API security breaches pose to businesses should not be taken lightly. A breach should always trigger a comprehensive crisis communication plan involving the board, C-suite, and other stakeholders. This communication plan must specify how the governing bodies will be kept informed in the event of a data breach.
As you can see, handling API security is a tedious operation, but no less expensive, even for companies. But big-budget companies can mitigate similar breaches, while SMBs can barely spend a budget for them, making them easy targets for similar attacks.
For the most part, SMBs believe that they are small targets and unlikely to be attacked, but that is not true. We see a large number of attacks against SMEs. Hackers aren’t after buckets of cash.
SMEs tend to be the target of common criminals. In some cases, they will start with a specific goal in mind and work their way up to trying to violate that specific goal, but in other cases, it is very opportunistic. It’s really about finding the easiest target to penetrate or a ripe fruit.
However, in recent years, we can see SMBs increasingly using cloud-based services to manage many areas of their information technology. These services used to be business-only solutions.
At the same time, the same goes for cybersecurity, where SAST (Static Application Security Testing), DAST (Dynamic Application Security Testing), and penetration testers that help organizations identify and resolve security vulnerabilities are readily available. for SMEs and companies. They used to be solutions aimed at those businesses.
However, solutions such as BLST (Business Logic Security Testing) that provide automated penetration testing at a cheap price are being used more and more. These are tools that can continuously scan APIs; security vulnerabilities can be accurately identified and located, allowing development and security testing to detect and remediate vulnerabilities more quickly.
In conclusion, SMBs are at a disadvantage when it comes to API security because they often don’t have the same level of security resources as larger companies. Hackers know this and often target SMBs because they are easy targets. However, today, the solutions that businesses used to use are more used by SMEs, and the price is reasonable.
About the essayist: Nathan Sitbon is a penetration tester at BLST Security which provides technology that finds broken logic in your API and maps it, with an easy-to-use, integrated platform.
*** This is a syndicated Security Bloggers Network blog from the last watchdog written by bacohido. Read the original post at: https://www.lastwatchdog.com/guest-essay-advanced-tech-to-defend-api-hacking-is-now-readily-available-to-smbs/