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Why is Robust API Security Crucial in eCommerce?

Why is Robust API Security Crucial in eCommerce?

Dec 09, 2022 API Security / Web Application Firewall
API attacks are on the rise. One of their major targets is eCommerce firms like yours.  APIs are a vital part of how eCommerce businesses are accelerating their growth in the digital world.  ECommerce platforms use APIs at all customer touchpoints, from displaying products to handling shipping. Owing to their increased use, APIs are attractive targets for hackers, as the following numbers expose:  API attack traffic increased by  681% in 2021    77% of retail respondents experienced API security incidents in 2021– according to  Noname security If left unaddressed, API abuse can damage your reputation, harm consumers, and affect the bottom line. Hence  API security  is worthy of consideration for eCommerce stakeholders. Why do eCommerce companies need APIs? API makes it easy for retailers and eCommerce platforms to handle product listings and orders. It transformed the static website into a completely customizable headless store. Retailers use APIs for various functions, inclu
Top 5 API Security Myths That Are Crushing Your Business

Top 5 API Security Myths That Are Crushing Your Business

Nov 09, 2022
There are several myths and misconceptions about API security. These myths about securing APIs are crushing your business.  Why so? Because these myths are widening your security gaps. This is making it easier for attackers to abuse APIs. And API attacks are costly. Of course, you will have to bear financial losses. But there are other consequences too:  Reputational damage  Customer attrition  Loss of customer trust  Difficulty in acquiring new customers Legal costs  Massive fines and penalties for non-compliance In this article, we will debunk the top 5 myths about  securing APIs   Secure APIs Better: Top 5 API Security Myths Demystified  Myth 1: API Gateways, Existing IAM Tools, and WAFs are Enough to Secure API Reality:   These aren't enough to secure your APIs. They are layers in API security. They need to be part of a larger security solution.  API gateways monitor endpoints. They provide visibility into API usage. They offer some level of access control and rate-l
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6 Top API Security Risks! Favored Targets for Attackers If Left Unmanaged

6 Top API Security Risks! Favored Targets for Attackers If Left Unmanaged

Sep 09, 2022
Security threats are always a concern when it comes to APIs. API security can be compared to driving a car. You must be cautious and review everything closely before releasing it into the world. By failing to do so, you're putting yourself and others at risk. API attacks are more dangerous than other breaches. Facebook had a 50M user account affected by an API breach, and an API data breach on the Hostinger account exposed 14M customer records.  If a hacker gets into your API endpoints, it could spell disaster for your project. Depending on the industries and geographies you're talking about, insecure APIs could get you into hot water. Especially in the EU, if you're serving the banking, you could face massive legal and compliance problems if you're discovered to be using insecure APIs.  To mitigate these risks, you need to be aware of the potential  API vulnerabilities  that cybercriminals can exploit.   6 Commonly Overlooked API Security Risks #1 No API Visibili
The Business of Hackers-for-Hire Threat Actors

The Business of Hackers-for-Hire Threat Actors

Aug 10, 2022
Today's web has made hackers' tasks remarkably easy. For the most part, hackers don't even have to hide in the dark recesses of the web to take advantage of people any longer; they can be found right in plain sight on social media sites or forums, professionally advertised with their websites, and may even approach you anonymously through such channels as Twitter. Cybercrime has entered a new era where people don't steal just for the thrill of doing it anymore. They make it their business to carry out illegal cyber activities in small groups or individually to earn business from online criminals, selling offensive services like spyware as a service or commercial cybersecurity. For instance, a series of new DDoS for Hire are commoditizing the art of hacking and reducing the barrier to launching  DDoS attacks . Who are Hackers-for-Hire?  Hackers-for-hire are secret cyber experts or groups who specialize in infiltrating organizations to acquire intelligence in one way
Hacking Scenarios: How Hackers Choose Their Victims

Hacking Scenarios: How Hackers Choose Their Victims

Jun 07, 2022
Enforcing the "double-extortion" technique aka pay-now-or-get-breached emerged as a head-turner last year.  May 6th, 2022 is a recent example. The State Department said the Conti strain of ransomware was the most costly in terms of payments made by victims as of January . Conti, a ransomware-as-a-service (RaaS) program, is one of the most notorious ransomware groups and has been responsible for infecting hundreds of servers with malware to gain corporate data or digital damage systems, essentially spreading misery to individuals and hospitals, businesses, government agencies and more all over the world. So, how different is a  ransomware attack  like Conti from the infamous "WannaCry" or "NotPetya"? While other Ransomware variants can spread fast and encrypt files within short time frames, Conti ransomware has demonstrated unmatched speed by which it can access victims' systems. Given the recent spate of data breaches, it is extremely challengin
Are You Investing in Securing Your Data in the Cloud?

Are You Investing in Securing Your Data in the Cloud?

May 17, 2022
Traditional businesses migrating to the cloud need robust information security mechanisms.  Gartner predicts  that more than 95% of new digital workloads will continue to be deployed on cloud-native platforms by 2025. Robust  cloud data security  is imperative for businesses adopting rapid digital transformation to the cloud. While a traditional hosting model could be considered more secure, not all organizations are receptive to relinquishing control over their infrastructure or applications by relying on a cloud provider at an increased risk of data theft from a cyberattack done by an outsider. Having said so, let's try to understand the vital part. What is Cloud Data Security?  Cloud data security entails securing data, whether at rest or in motion, on cloud-based infrastructure, applications, etc., against cyber threats like data breaches, unauthorized access, DDoS attacks, etc. This includes the technologies, policies, controls, and services to protect cloud-based system
Is API Security on Your Radar?

Is API Security on Your Radar?

Apr 05, 2022
With the growth in digital transformation, the API management market is set to grow  by more than 30%   by the year 2025 as more businesses build web APIs and consumers grow to rely on them for everything from mobile apps to customized digital services. As part of strategic business planning, an API helps generate revenue by allowing customers access to the functionality of a website or computer program through custom applications. As more and more businesses are implementing APIs, the risk of API attacks increases. By 2022, Gartner predicted that API (Application Programming Interface) attacks would become the most common attack vector for enterprise web applications. Cybercriminals are targeting APIs more aggressively than ever before, and businesses must take a proactive approach to  API security  to combat this new aggression. API and The Business World With integrating APIs into modern IT environments, businesses are becoming increasingly data-driven. Just as a restaurant
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