- API insecurity and automated abuse by bots responsible for up to 11.8% of cyber events and losses globally
- Bot-related security incident count rose 88% in 2022 and 28% in 2023
- Insecure APIs result in up to $12 billion more in losses than they did in 2021
Thales, the cybersecurity leader that protects critical applications, APIs, and data, anywhere at scale, releases the “Economic Impact of API and Bot Attacks” report. The analysis of more than 161,000 unique cybersecurity incidents and uncovers the rising global costs of vulnerable or insecure APIs and automated abuse by bots, two security threats that are increasingly interconnected and prevalent. The report estimates that API insecurity and bot attacks result in up to $186[1] billion of losses for businesses around the world.
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