Check Point® Software Technologies Ltd. has been recognized as a leader in The Forrester Wave™: Zero Trust Platform Providers, Q3 2023 report.
The majority of companies surveyed are running some form of an API management platform, either developed in-house or from a commercial provider, according to a survey on Application Programming Interface (API) security, API Security: A Disjointed Affair, conducted by Ovum for Distil Networks.
However, the security features included in these API management platforms are inconsistent, with many lacking basic rate limiting functionality. Also of note is the lack of responsibility for API security. There is nearly an even split between those that give responsibility for API Security to their developers and those that allocate it to the IT Security team.
"The use of APIs to enable applications to interact across single and multiple infrastructures is skyrocketing and innovation is being fueled by companies finding new ways to monetize their software assets by exposing APIs to outside developers," said Rik Turner, Senior Analyst at Ovum. "However, exposing APIs to developers outside the company creates significant risk and APIs are becoming a growing target for cyber criminals. This study highlights an alarming lack of consistency and ownership in how API security is addressed."
APIs impact business and the world around us more than most people realize. The fact that API security is flying under the radar and not being adequately addressed should be a red flag prompting organizations to examine their own practices. CIOs and CISOs need to get a handle on how responsibility is addressed within their organizations and decide whether the process is sufficiently robust.
Key findings of the survey include:
The purpose behind APIs
■ 51 percent of respondents said that their rationale for API deployment was to enable their external developer ecosystem
■ 67 percent said partner connectivity was the main goal while 62 percent cited mobility and 57 percent cited cloud integration
API security woes
■ 83 percent of those surveyed were concerned with API security
■ 87 percent of respondents were running an API Management platform, with 63 percent using a platform developed in-house
API management platforms lack critical features and automation
■ Rate limiting, considered to be a basic API security practice, was employed by less than half of respondents
■ Over two-thirds of respondents were spending over 20 hours a month managing API rate limiting
■ Only 21.9 percent of respondents had protection from API malicious usage, API developer errors, automated API scraping, and web and mobile API hijacking
Who is responsible for API security?
■ 53 percent of respondents feel security teams should be responsible for API security, while 47 percent believe the developer teams should hold responsibility
■ 30 percent of APIs are spec'd out without any input from the IT security team and 27 percent of APIs proceed through the development stage without the IT security team weighing in
■ 21 percent of APIs go live without any input from security professionals
Rami Essaid is CEO and Co-Founder of Distil Networks.