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Final yr, Gartner predicted that API assaults would change into the most-frequent assault vector in 2022. Whereas it stays unclear whether or not that is the case, when contemplating that the exploitation of Twitter’s API vulnerability uncovered the information of 5.4 million customers, it’s clear they’re devastatingly efficient. 

In an try to assist safety groups tackle these threats, as we speak, cybersecurity startup Wib introduced the launch of what it claims is the business’s first API PenTesting-as-a-service (PTaaS), which is designed to check for software safety, API, and enterprise logic vulnerabilities. 

Wib not too long ago introduced elevating $16 million in funding and permits customers to generate a whole stock of APIs, generate documentation, and improve visibility over the assault floor. 

On this occasion, penetration testing supplies safety groups with a extra correct view of their group’s API safety posture to allow them to establish and mitigate potential entry factors earlier than cybercriminals can exploit them. 


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Enjoying catchup with API safety 

The announcement comes as assaults on APIs proceed to extend, with research exhibiting that 94% of organizations have skilled safety issues in manufacturing APIs. 

To make issues worse, many safety groups are in the dead of night about how to answer these threats, with 61% missing any API safety technique or having solely a fundamental plan. 

The reality is that many organizations are enjoying catchup with API safety after embracing cloud computing and microservices. 

“Most of those blind spots are uncovered as corporations embrace an API-first methodology and shift to a microservice-based structure, which adjustments their assault surfaces, however their defenses weren’t designed for this construction and haven’t but developed to cowl it,” stated Chuck Herrin, CTO of Wib. “Adoption all the time outpaces safety, and this time is not any totally different. What’s totally different this time is that API visitors is already 91% of net visitors, whereas most defenders are blind to APIs as an assault vector,” Herrin stated. 

By providing a purpose-built penetration testing service, Wib supplies organizations with entry to the experience and applied sciences they should detect API-level threats. 

After every take a look at, safety groups obtain a full evaluation report of recognized vulnerabilities alongside a threat severity rating based mostly on NIST’s cyber matrix calculator and a remediation highway map plan with suggestions on the way to mitigate vulnerabilities. 

Reviewing the API safety market 

Wib is only one of many suppliers within the world API safety market, which researchers valued at $783.9 million in 2021 and anticipate will attain a worth of $984.1 million in 2022. 

The group is competing towards a spread of rivals out there together with Salt Security, which raised $140 million in collection D funding earlier this yr, and provides a synthetic intelligence (AI) and machine studying (ML)-driven platform for inventorying APIs and uncovered knowledge with OAS evaluation capabilities. 

One other vital competitor is NoName Security, an API safety platform that identifies vulnerabilities and misconfigurations whereas offering safety groups with automated detection and response capabilities. NoName Safety most not too long ago raised $135 million as a part of a collection C funding round in December 2021. 

Nonetheless, Herrin argues that WIB’s versatile penetration testing strategy and lack of reliance on API visitors to identify threats is what differentiates it from these present instruments. 

“Each of those “unicorns” concentrate on a manufacturing traffic-based view, which is a helpful lens, however is inadequate to search out blind spots like zombie APIs (APIs uncovered however with no regular visitors) or APIS that don’t talk throughout anticipated visitors paths,” Herrin stated. 

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