Our partners, Salt Security recently published an article – https://salt.security/blog/api-predictions-for-2024, outlining their predictions for API Security in 2024. Here are our thoughts on these predictions and insight into how organisations can stay ahead of the curve in the cybersecurity world.
With constant innovation and fast-paced advancements in the cybersecurity world, staying up to date with your digital landscape and API exposure is paramount. Keeping your organisation and customer’s data safe from cyber threats and bad actors is more important now than ever before.
Below are the three predictions that Salt Security believe will become more prevalent in the upcoming year and what our thoughts are on these predictions.
Three Predictions for 2024
- Progressing Digitisation Will Lead to More API Attacks
As digitisation progresses, more APIs will be required to keep up with the demand. However, this also leads to an increase in API attacks, which can negatively impact organisations by way of legal issues, personal risks, and liabilities in the event of a data breach.
We believe that a proactive and adaptive approach to API security is necessary to stay ahead of emerging threats and minimise the risks of ever-changing and modern API attacks.
- API Security Strategy Will Become an Industry Focus
API security strategies will become more prevalent as current security tools cannot provide a safe solution to protect APIs. Salt Security VP EMEA, Nico Wagemans, says: “A well-thought-out program for robust API security, from design to implementation, is essential to arm organisations against the ever-evolving challenges of API threats in 2024.”
We believe that acknowledging the limitations of current security tools is the first step towards enhancing API security. Embracing a proactive, adaptive, and multifaceted approach will not only protect organisations against current threats but also position them to tackle the evolving challenges that lie ahead in the complex landscape of API security.
- API Usage Will Continue to Grow with the Use of AI
Generative AI models are being used by companies for various reasons, which raises concerns about sensitive data and its transmission. Cybercriminals are also looking to exploit AI for potential vulnerabilities, requiring a secure API protection strategy.
We believe that companies need to prioritise the implementation of robust security measures to safeguard sensitive data throughout its lifecycle. A comprehensive API protection strategy for generative AI models should encompass encryption, authentication, and authorisation protocols tailored to the intricacies of AI-driven applications.
Why API Security is Important in 2024
Apps are used for almost everything nowadays, exposing us to an online world that is constantly at risk of being targeted by hackers. With so much personal information on each app, companies need to prioritise API security to prevent data leaks and protect their reputation.
In the face of evolving technology and the influx of serious cyber threats, organisations need to take preventative measures and establish well-developed security systems and strategies to ensure the best security for their company and customer data.
