A report from Raidiam reveals a major API security risk among enterprises, especially those not in regulated environments. 84% of surveyed organizations have inadequate security for sensitive data exposure. Although 85% manage high-value personal and financial data, they often rely on outdated security measures like static API keys. Only one organization has modern, cryptographic protection, and less than half conduct regular testing. A Security vs Sensitivity Matrix shows severe misalignment between data sensitivity and API security levels, highlighting a board-level risk regarding data security.
84% of organizations placed in the 'Act Urgently' category expose sensitive APIs with insufficient security controls, while 85% handle payment data and sensitive personal data.
The report reveals that 57 out of 68 organizations use bare API keys or basic OAuth credentials, despite known vulnerabilities that could be exploited by attackers.
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