APIs have become a critical component of modern software development, allowing organizations to connect different systems and applications seamlessly. However, as the use of APIs has grown, so has the threat landscape. In 2022, API security incidents were among the biggest cybersecurity challenges that organizations faced.
In this article, we take a look back at some of the notable API security incidents that occurred in 2022.
API security incidents can have far-reaching consequences, from financial losses to reputational damage. When APIs are compromised, hackers can gain access to sensitive data and use it for nefarious purposes. The impact of these incidents can be devastating for organizations, especially when they involve large-scale data breaches.
Akamai Technologies, Inc. released a report in November 2022 indicating a significant surge in web application and API attacks on financial service institutions, with a staggering 257% increase compared to the previous year.
Here are some of the notable API security incidents that occurred in 2022:
API security incidents can have serious consequences for organizations. As the use of APIs continues to grow, it is essential to prioritize API security to mitigate the risk of cyber threats. By adopting a comprehensive approach to API security, organizations can reduce the risk of breaches, protect customer data, and maintain their reputation and trust.