Survey: API Security Becoming A CXO Level Concern

PRESS RELEASE

LOS ANGELES – (August 5, 2015) - Akana, a leading provider of API Management, API Security and Cloud Integration solutions, today released the findings of it’s Global State of API Security Survey 2015 of over 250 security practitioners, including CSOs, CISOs, and security architects, with over 50% of the executives from large global organizations. Aimed at quantifying the maturity of API security practices amongst the leading digital enterprises, the survey results reveal that while the majority of respondents are taking steps to secure API access, only few had taken steps to ensure that sensitive data was being securely handled in the Apps that access the APIs.

This is the first survey conducted by Akana on API Security. They undertook the survey in light of APIs fast becoming a dominant channel of exchanging data between both external and internal audiences and services.  Just as the emergence of Web brought web-based threats and resulting countermeasures to the forefront, the survey indicated universal recognition from security practitioners of increasing threats and vulnerabilities that are unique to the API channel.

 Key Survey Findings:

·         More than 65% of the respondents reported that they do not have processes in place to ensure that the data that is being accessed by applications consuming APIs is managed securely. With mobile apps and IoTs increasingly being API consumers, enterprises face exposure to threats of unauthorized access to data once accessed through an API.  Almost 60% of survey respondents indicated that they were not securing API consumers. 

·         A large proportion of survey respondents (>45%) also did not rate limit access to their APIs, a control that can reduce the risk of hacking.

·         API security is as much an issue for the business as it is for IT, with 75% of respondents said that API security was a CIO-level concern. 65% said it was an issue for business managers. As APIs are increasingly being adopted to drive digital initiatives, both business and IT see increasingly value in securing them.

·         JSON Scheme, DDoS, Message-Level security, Encryption were amongst the top API security threats.

The survey suggests an emerging digital divide as high-performing companies embrace core digital capabilities and APIs to move ahead. As API’s are gaining adoption, enterprises needs to recognize and take steps to mitigate the additional threat vectors that they might be exposing their data and organization to.

“APIs are new enough in the enterprise that people want the latest on how industry peers are dealing with security threats,” said Roberto Medrano, EVP at Akana. “We felt there was an opportunity to ask others to share their insights and worries. The survey report should be a helpful starting point for determining best practices in API security going forward.”

To download Managing API Security Risks, please click here.

About Akana

Akana’s comprehensive suite of API Management, API Security, and Cloud Integration, solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to quickly deliver scalable applications, share data as APIs, connect and integrate applications, drive partner adoption, monetize their assets and provide intelligent insights into their business and operations. The world’s largest companies including Bank of America, Pfizer, and Verizon use Akana to harness the power of their technology and transform their businesses. Akana is recognized as a leader in API Management by several analyst firms. For more information on Akana’s API Platform, seehttp://www.akana.com. Akana was previously known as SOA Software.

All product and company names herein may be trademarks of their registered owners.

Akana, SOA Software, Community Manager, API Gateway, Lifecycle Manager, OAuth Server, Policy Manager and Cloud Integration Gateway are trademarks of Akana, Inc.

For more information, please contact: [email protected]

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