API Security Trends: Retail & eCommerce

Noname Security collaborated with Opinion Matters to conduct research on API Security Trends in 2023. In this survey, 631 senior cybersecurity professionals were surveyed to better understand the challenges and trends facing UK and USA businesses when it comes to their API security posture.

In 2023, we continue to see growth in social commerce, personalization, and due to economic uncertainty — we are also experiencing ongoing pricing pressures around the world. APIs not only play a pivotal role in helping retailers personalize digital experiences and streamline their operations, they also create a seamless engagement for customers. This expanded ecosystem exposes retail and eComm providers to the growing cyber threat landscape.

What did our retail respondents say?

• 79% of respondents have experienced an API security incident in 2023 (an increase from 2022).
• Web application firewalls are the leading method of attack (33%).
• 67%  have a lack of visibility of their API inventory
• 58%  are testing APIs in real-time or at least once a day — an improvement from 42% last year.