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