Quantifying the Cost of API Insecurity

As API use has proliferated across organizations and industries, properly securing APIs is becoming increasingly urgent. API-related attacks impact companies across nearly all sectors, resulting in skyrocketing costs for businesses.

In an effort to quantify the cost of API insecurity, Imperva partnered with the Marsh McLennan Cyber Risk Analytics Center to analyze API-related incident data. Their research results suggest that the lack of secure APIs could negatively impact your business, and underscores the importance of investing in a comprehensive API security solution.

• In the U.S. alone, the average annual API-related cyber loss is estimated to be USD $12-23 billion
• Industries most affected by API-related events include Information, Professional Services, Retail, and Finance
• Large firms face an elevated risk of experiencing an API-related incident