API and Bot Attacks Cost Businesses $186M Annually, Reveals SiliconANGLE Report
API and Bot Attacks Are on the Rise
A new report by Duncan Riley highlights that API and bot attacks are costing businesses a staggering $186 million annually. This figure underscores a growing threat landscape where organizations must implement stringent security measures.
Understanding the Risks
Vulnerable application programming interfaces (APIs) are prime targets for cybercriminals, leading to increased costs and potential damage to reputation. As digital transformation accelerates, the reliance on APIs grows, making them a critical focus for cybersecurity.
Key Findings from the Report
- 86% of companies experienced bot attacks in the last year.
- Costs attributed to these attacks have risen significantly.
- Businesses are urged to invest in proactive security solutions.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.