With the growth of digital transformation, the API management market will grow by more than 30% by 2025 as more businesses create Web APIs and consumers grow to trust them for everything from mobile apps to personalized digital services.
As part of strategic business planning, an API helps generate revenue by allowing customers to access the functionality of a website or software through custom applications.
As more and more companies implement APIs, the risk of API attacks increases.
By 2022, Gartner predicted that API (application programming interface) attacks would become the most common attack vector for enterprise web applications.
Cybercriminals are targeting APIs more aggressively than ever, and businesses must take a proactive approach to API security to combat this new aggression.
API and the business world
With the integration of APIs into modern IT environments, businesses are becoming more data-driven.
Just as a restaurant relies on a great chef and a bandleader is the key to success, businesses are increasingly relying on APIs and API integrations. Half of online traffic is generated by users looking at companies’ publicly available APIs. All this access is expected grow 37% in 2022.
APIs can also be added to existing applications without changing the basic foundation of the software, allowing organizations to rapidly develop and deploy a diverse mix of functionality to suit specific business purposes or user groups without changing the core structure of the application. application.
- Cities with newer 5G wireless networks and older wireless technologies are increasingly equipped with high-capacity IoT endpoints, from fingerprint readers to smart streetlights, expanding network usage opportunities.
- according to a projectionMore than 30.9 billion IoT devices are expected to be in use worldwide by 2025, and the number continues to rise each year.
Rise of growing API attacks
While companies are taking note of the huge potential behind APIs (and API releases), their number of releases and production is increasing at an astronomical rate. This trend has been related to the growing relevance of software in today’s world.
91% of companies that have implemented APIs in their business systems experienced incidents related to security breaches and cyber attacks. Most of these companies had to deal with a major incident during the previous year. To reap the full benefits of APIs, companies must achieve accurate and fully managed results. API security solutions.
So what 3 key risks does API security pose?
Misconfigured APIs: From misconfigured HTTP headers, insecure default settings to detailed error messages, etc., youHackers’ weapon of choice is unmanaged technology and not secure API exploit the vulnerability, which can silently slip into the most unsuspecting places.
Malware attacks: It starts by taxing the memory of the Web API to send a large amount of information per request, malware attacks such as DDoS (Distributed Denial of Service) attacks, SQL injection, MITM-in-the-middle attacks or Credential stuffing to allow anyone can pass. authentication etc. Hacked, broken, or exposed APIs are never-ending stories to mine data with ease.
Improper asset management: Older and less secure versions of an API leave them vulnerable to attacks and data leaks. Brute force attacks can also significantly affect an API by exhausting all login combinations and causing the server to become overloaded or even temporarily disabled.
3 API Security Best Practices in 2022
1 — Apply Zero Trust to API security
With the zero-trust approach, application security teams must equally empower their endpoints in a state of threat prevention across all three, i.e. authentication, authorization, and threat prevention. This will make it more difficult for hackers to breach your properties online.
2 — Understand and identify API spike or crash behaviors and interactions for vulnerabilities
Understand and further explore API logging to ensure the security and stability of your API.
When trying to protect your API or your users from security issues, it’s essential to be on the lookout for anything suspicious. Security issues often show up in abnormal behavior, which doesn’t seem quite right. You can identify and address these threats before they cause harm to your API or anyone using the platform.
3 — Delegate and combine authentication and authorization
In general, API developers must implement the principle of separation of privileges. This general programming practice allows users to access only the specific resources and methods necessary for their role in the application.
API monitoring is a critical part of your API implementation, but it’s also important to consider how you grant users access to your API. Simply verifying a user’s identity is not enough; there will likely be resources that only certain users can interact with and specific methods that they must use.
Authentication is required to securely verify the user via an API, and authorization refers to the data you have access to (within a request as a token).
The way to follow
Your web application or API is not unlike a castle that needs a defensive moat to protect the inhabitants within its walls. You need protection against external intruders and malicious actors looking to exploit weaknesses; that is where industrial WAF enters to scene.
With AppTrana, you get a regular, up-to-date API Threat Review to detect anomalies or suspicious usage patterns for OWASP Top 10 vulnerabilities and more.
If you want seamless decision making for API vulnerability detection and protection trends, look no further than AppTrana.