Snynet Solution Logo
MON - SUN: 10 AM - 6 PM
+60 11 5624 8319

Blog

APIs are becoming a cybersecurity disaster zone

Image Description

Web application program interfaces (APIs) are growing increasingly popular, causing all manner of cybersecurity problems in the process.

This is according to a new report from Noname Security, which surveyed 3,000 employees across 350 businesses about challenges associated with APIs.

The company found that APIs are extremely popular these days, with an average organization leveraging 15,564 APIs in total, up 201% year-on-year.

Security incidents

However, many companies are facing problems. More than two in five (41%) have had an API-related cybersecurity incident in the last twelve months, with almost two-thirds (63%) of those involving a data breach, or data loss.

For example, one of the biggest marketing automation platforms and email marketing services, MailChimp, was breached by attackers who also also accessed API keys (now defunct) from an unknown number of customers. 

With the keys, the attackers could create custom email campaigns and send them to mailing lists without accessing the MailChimp customer portal.

Almost all (90%) companies have API authentication policies set up, but a third (31%) said they weren’t exactly confident these policies provided an adequate level of protection.

What’s more, a third (35%) have had projects delayed due to API security concerns, with 87% of those believing that integrating API security testing into developer pipelines could have prevented the delays. 

Roughly half (51%) are fully confident in their API inventories, with a quarter (26%) adding that their inventory update processes are manual.

“With API usage continuing to grow, this extreme level of use and dependency has enabled many vulnerabilities to rise to the surface, making securing these APIs across sectors more paramount than ever,” said Daniel Kennedy, Principal Research Analyst at 451 Research. 

“This report should help enterprises of all sizes across various sectors make the informed decisions they need when developing their API security strategy.”

Date

25 Apr 2022

Sources


Share


Other Blog

  • This weekend's gaming laptop deals feature hefty $300 price cuts on Razer, Asus, Dell and more

    Don't miss our recommendations for this week's best gaming laptop deals - which feature some rather tasty discounts on powerful machines.

    Read More
  • Here’s hoping Elon Musk tanks crypto so miners will leave our RTX 3080s alone

    Elon Musk announced Tesla would stop accepting Bitcoin as payment, citing the environmental cost of cryptomining. Hopefully it'll help some of us get a new RTX 3080.

    Read More
  • Don't miss this early Black Friday gaming laptop deal - an RTX 2060 MSI GF65 for just $899

    There's a fantastic early Black Friday gaming laptop deal available at Best Buy on an RTX 2060 equipped MSI for just $899.

    Read More
  • Intel Alder Lake CPU leak hints at some wallet-worrying prices

    Intel’s incoming Alder Lake processors, which might just be here at the start of November, have had more pricing leaks, this time from various Amazon listings across Europe.

    To be precise, we’ve witnessed price tag spillage from Amazon UK, as well as Amazon in France and the Netherlands, but as ever with leaked prices, put on your most skeptical head while perusing these – they could well be placeholders, as we often see when product listings go up before release.

    As flagged by regular leaker @momomo_us on Twitter and Dellchannel21 (via Tom’s Hardware), the prices are in the ballpark of the $800 to $900 mark for the Core i9-12900K, while the Core i7-12700K is pegged at around $620. 

    The midrange Core i5-12600K demands an asking price of around $310 to $350 (note that those are currency conversions from either Euros or pounds, but minus the VAT).

    See more

    In its native currency, Amazon UK pitches the Core i9-12900K at £791 (that’s including VAT), with the Core i7-12700K at £550, and the 12600K at £311.

    Whichever way you dice it, with or without taxes, these Alder Lake early product listings make for worryingly pricey propositions.


    Analysis: Placeholder prices, for sure?

    In fact, the prices provided here look way off the mark. Surely Amazon UK can’t be thinking of listing the Alder Lake 12900K flagship at almost £800? Naturally, that wouldn’t be the recommended price from Intel, but of course retailers can set their own levels for chips – though Amazon surely wouldn’t push that far.

    Remember, the asking price for the 11900K, its predecessor, stands at around the £500 mark on Amazon UK currently, and while we could expect something of a hike for the 12900K, it wouldn’t be to the tune of almost 60%. Far more likely that these are early placeholder prices for the 12th-gen processors, and the same is no doubt likely to be true for the other European Amazon operations cited in this latest bit of leakage.

    The other point to consider here is that we’ve seen price leaks for Alder Lake before, and recently retailer Provantage listed the Core i9-12900K at $610, which seems far more reasonable as a palatable cut above the suggested price of $549 in the US for the 11900K.

    So, as observed, we could well expect something of a price increase – these are new products bringing some exciting CPU innovation to the table, and Intel is seriously talking up Alder Lake performance. 

    Plus the global component shortage which is still very much in evidence may well exert upward pressure on prices too (and mean retailers could charge a fair chunk more than the recommended pricing). Even given all that, though, we still feel that this latest price leakage seems pretty clearly unrealistic.

    Read More

Find Out More About Us

Want to hire best people for your project? Look no further you came to the right place!

Contact Us