A major report published by Akamai Technologies in Feb 2020, there is a significant increase in the number of API attacks. According to data from Akamai, up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly. Akamai observed that between Dec 2017 to Nov 2019, a total of 473,518,955 (yes, 473 million!) API endpoints attacks targeted organizations in the financial services industry.
The same report also had startling statistics regarding credential abuse attacks. Akamai found that about 16.5 billion attacks targeted hostnames that were API endpoints. This constituted nearly 20 percent of total credential abuse attacks.
Are your APIs properly protected?