A new report out today from Imperva Inc., a Thales company, is warning that vulnerable application programming interface and bot attacks are costing businesses up to $186 billion annually as incidents have risen sharply in recent years. The “Economic Impact of API and Bot Attacks” report, based on the analysis of more than 161,000 unique cybersecurity incidents and a study by the Marsh McLennan Cyber Risk Intelligence Center, found that larger organizations were statistically more likely to have a higher percentage of security incidents that involved both insecure APIs and bot attacks.

Source: SiliconANGLE