API Security Incidents Surge Among Indian Firms Amid AI Adoption

• •93% of Indian firms faced API security incidents in the last year.
• •The average cost of an API security incident in APAC has surpassed $1 million.
• •Only 22% of organizations have a complete inventory of their APIs.

A recent Akamai report reveals that 93% of Indian firms encountered API security incidents in the past year, with the average cost per incident exceeding $1 million across the Asia Pacific region. The rise in API-related attacks is attributed to the rapid adoption of AI technologies, which has increased API complexity and exposure. Notably, 43% of organizations reported attacks involving APIs linked to AI applications, agents, and large language models (LLMs). The report highlights a significant visibility gap, as only 22% of firms maintain a complete inventory of their APIs. Despite increased focus on API security, only 19% of organizations have fully integrated security testing into their development processes. The findings indicate that as companies scale AI, they are inadvertently creating more potential vulnerabilities. This situation poses risks of service disruptions, higher recovery costs, and loss of consumer trust.