"Insecure APIs and Bot Attacks Cost Global Firms $186bn"

Thales found that Application Programming Interface (API) adoption and Artificial Intelligence (AI)-powered bot attacks are rising and costing global organizations tens of billions of dollars yearly. The company's "Economic Impact of API and Bot Attacks" report shares findings from the analysis of 161,000 cybersecurity incidents. According to the report, the cost of insecure APIs grew from $12 billion in 2021 to $35-87 billion today, and up to $116 billion can be attributed to bot attacks. Bot and API threats average $94-186 billion in losses. This article continues to discuss key findings regarding the growing cost of insecure APIs and bot attacks.

Infosecurity Magazine reports "Insecure APIs and Bot Attacks Cost Global Firms $186bn"

Submitted by grigby1