API Security Risks and Best Practices to Mitigate Them
APIs require robust security measures. Weaknesses in API security can expose sensitive data to theft, disrupt critical services, and tarnish a company's reputation. In 2022, US companies collectively suffered losses ranging from $12 billion to $23 billion due to compromises associated with web application programming interfaces (APIs). The protection of APIs is paramount for today's entrepreneurs to protect against possible breaches. The purpose of this blog is to guide you through the most common API security risks and how to implement practical best practices to safeguard your applications and data. What is API Security? In light of the fact that businesses are becoming more and more dependent on APIs for digital operations, API security is concerned with securing APIs from attacks and threats. Securing Application Programming Interfaces (APIs) is essential in order to prevent breaches in API security and to protect digital assets. 7 Key API Security Risks and Solutions 1