We are thrilled to be named as an Example Vendor for API Threat Protection in the Gartner® Hype Cycle™ for APIs, 2022 report*. This report provides a detailed view of the scope of API problems across all areas of API security and the need to secure this growing landscape as APIs continue to become more integrated within enterprises today. today. Additionally, this comprehensive API Security Report from Gartner covers the latest innovations and insights into:
- API Threat Protection
- The Business Impact of an API Violation
- Answer to the Top 10 OWASP APIs
- Visibility and Security Best Practices
While there is currently no Gartner® Magic Quadrant™ for API Security, this Gartner® Hype Cycle™ for APIs provides valuable insight into broader issues in the API world.
What is API Threat Protection?
While some call it API Security, Gartner defines API Threat Protection as…
“API Threat Protection is the defense of web APIs against exploits, abuse, access violations, and denial of service (DoS) attacks. It is required for both external and internal APIs. API Gateways, Web Application and API Protection (WAAP), and specialized API security tools provide API threat protection through a combination of content inspection of API parameters and payloads, traffic management and traffic analysis for anomaly detection. 
As we continue to see more and more vulnerabilities in the news, our customers come to us with API threat protection as a priority for their API security roadmap. Security teams lack visibility into their APIs, the extent of the risks, and whether or not they are already compromised, which leaves a major blind spot.
Why is API threat protection essential?
Three quotes from the report help explain why API threat protection is critical:
- “APIs are easy to expose, but hard to defend.”
As the The network of connected applications continues to grow, as does the attack surface of exposed APIs. Traditional security tools aren’t enough to protect against API threats, leaving businesses vulnerable to today’s growing number of API security attacks.
- “Many API security issues are related to business logic.” 
Automation around business logic protection is a major challenge for security teams today. These tools require understanding how APIs are used within the organization to detect behavioral anomalies in a rapidly changing business landscape.
Why are API threats a growing concern?
APIs are the connective tissue of digital transformation and are essential to driving business forward. Business innovation is driving the exponential growth of APIs, but adequate security is lagging behind.
According to Gartner,
“Because APIs are typically used to access data or application functionality, often tied to systems of record, the impact of an API breach can be substantial.” 
Why is API threat protection such a challenge?
To understand API behaviors, security teams must first have a clear view of their API inventory and track changes within their API landscape. Unfortunately, security teams often lack the internal resources and expertise to support API visibility dispersed across multiple SaaS platforms and services. Additionally, the global shortage of security talent is even greater in the API security space, leading to resource gaps across industries.
According to Gartner,
“While the security team, under the leadership of a CISO, typically manages a WAF, API gateways are managed by API platform teams. This can lead to API threat protection being overlooked due to a lack of expertise and a focus on delivery rather than security. 
Why do API threats require a different approach to security?
In the past, security teams worked to keep the bad guys out, using tools to protect their database from attackers looking to break in and steal data. They acted as a gatekeeper to the network, controlling who came in and out.
Now, APIs freely exchange data over an interconnected network of internal and corporate APIs. Attackers just sit on public API traffic and wait. Common vulnerabilities such as API keys and weak authentication methods give malicious actors easy access to an entire network of corporate, customer, and partner APIs and data flowing between them.
According to Gartner,
“APIs are easily and intentionally programmable, so a vulnerability can leak large volumes of data. The challenge of distinguishing malicious access from valid access further complicates the task of securing APIs. 
Healthcare and banking APIs are prime targets and share personal and financial information that puts businesses and their customers at risk. Sensitive data breached by an API vulnerability will likely require the company to comply with privacy regulations and report the incident.
With the increasing risk of insider threats, security teams can no longer assume that authenticated traffic is safe. Instead, they must take a different approach, acting as an inside security guard and monitoring suspicious activity.
Without visibility into API inventory and behaviors, security teams are blind to threats that blend into the background of authenticated users. Therefore, malicious actors may go undetected as they roam freely across the shared API network, putting even more data at risk.
How can Neosec help you?
Neosec helps overcome barriers around API threat hunting, using best practices to provide the visibility, resources, and expertise needed for a behavioral analytics approach to API threat detection and response.
With Neosec’s ShadowHunt Managed API Threat Hunting service, our experts act as an extension of your team to provide API security expertise and advanced tools to track API threats.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Hype Cycle is a trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.
 Gartner, Hype Cycle for APIs, 2022, Mark O’Neill, John Santoro, August 10, 2022.
*** This is a syndicated blog from the Security Bloggers Network of Blog Written by The Neosec team. Read the original post at: https://www.neosec.com/blog/neosec-recognized-as-a-sample-vendor-for-api-threat-protection-in-gartner-hype-cycle