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API and bot attacks are costing businesses billions – and they’re on the rise

Insecure Application Programming Interfaces (APIs) and bot attacks are costing organizations billions, with large companies particularly at risk. In a new analysis of more than 161,000 unique cybersecurity incidents, the security firm Imperva found that API-related security incidents rose by 40% across 2022 and by a further 9% in 2023. Bot-related security incidents rose by 88% across the same period.…