According to Postman's 2023 State of the API Report, roughly 66% of participants indicated that their APIs contribute to generating revenue.
A recent ESG survey on API security showed that 92% of organisations using APIs have experienced a breach in the past 12 months.
API Security is usually the remit of security teams, but the APIs themselves are developed by product teams who tend to prioritise speed and time-to-market.
It is important that CISOs and their teams understand their organisation's API risk posture when developing an API security strategy for the next 12 months.
It will be up to CISOs to drive initiatives between security and product teams to ensure visibility into APIs and devise strategies to mitigate potential threats.
Enterprises are now waking up to the dire need for API security, and CISOs have a significant role to play in safeguarding their environment.
We delve into the top challenges we expect CISO to face in 2024 in securing APIs and how they can overcome these growing concerns to bolster their organisations' security posture.
Protecting against API threats will be a major challenge CISOs should be ready to face as traditional, perimeter-based solutions are ineffective at identifying such threats.
As WAFs only monitor HTTP requests, new perimeter-based API security solutions tracking user requests, not responses, do not provide full-fidelity of the API traffic.
CISOs will need to ensure their API security strategy takes a multi-layered approach that supplements perimeter defences with application-level security.
The API security market is in its infancy as the threat of API attacks has become more accentuated over the past year, which means there is a significant education gap when it comes to API security.
The truth is that most organisations don't have full visibility into their API environment or their API risk posture.
Getting company buy-in for API security is just as big a challenge for CISOs as defending APIs from attackers.
CISOs play a crucial role in ensuring comprehensive visibility within their API environment to identify the extent of API exposure in real time promptly.
Having real-time API visibility enables CISOs to quantify risks and strategise security measures effectively, understanding the direct implications on the company's bottom line.
As organisations conduct international business, they must ensure their API security meets multiple regional regulatory frameworks.
CISOs will have to rethink their TDIR strategies to incorporate real-time API traffic scanning to ensure early detection of API threats.
CISOs should build their API security strategies on full observability of API traffic.
In the evolving landscape of API security in 2024, CISOs face a myriad of challenges.
Prioritising real-time API visibility and adopting proactive measures against evolving threats will be pivotal for CISOs in fortifying API security and safeguarding organisational integrity in the years ahead..
This Cyber News was published on www.cybersecurity-insiders.com. Publication date: Fri, 22 Dec 2023 21:13:04 +0000