The Rising Cost Of API & Bot Attacks

Following a recent report by cyber-security company Imperva about the rising costs to businesses of bot attacks and vulnerable APIs, we look at why it’s happening and what can be done. 

Vulnerable APIs & Bot Attacks Costing Businesses $186 Billion 

Imperva’s report was based on Marsh McLennan Cyber Risk Intelligence Centre’s study of data from 161,000 cybersecurity incidents related to vulnerable APIs and bot attacks. The key findings were that businesses face an annual (estimated) economic burden of up to $186 billion due to vulnerable APIs and automated bot attacks. Also, the study found that these two security threats often work in tandem, are becoming increasingly prevalent, and pose significant risks to organisations worldwide.