How much do bot attacks and API insecurity cost organizations? To answer these questions, Imperva engaged the Marsh McLennan Cyber Risk Intelligence Center to analyze incident data related to vulnerable APIs and bot attacks. Imperva’s latest report, “The Economic Impact of API and Bot Attacks," covers the findings of the analysis. The analysis studied over 161,000 unique cybersecurity incidents and estimates that businesses face an annual economic burden of up to $186 billion due to vulnerable APIs and automated bot attacks. These two security threats, often working in tandem, are becoming increasingly prevalent and pose significant risks to organizations worldwide. The report, based on a study conducted by the Marsh McLennan Cyber Risk Intelligence Center, offers valuable insights and highlights the importance of robust security measures for businesses looking to protect themselves. In this blog, we will cover some of the key findings. API and Bot-Related Security Incidents Grow at an Alarming Rate Application Programming Interfaces (APIs) have become the backbone of modern digital interactions, allowing seamless communication between diverse applications and services. However, the rapid adoption of APIs has come with significant challenges. Data from Imperva Threat Research finds that the average enterprise managed a staggering 613 API endpoints in 2023, a number that continues to grow as businesses strive to enhance agility and efficiency. Unfortunately, this expansion…Read More