Gartner's May 2024 Market Guide for API Protection reported that the average API breach resulted in at least 10 times more leaked data than the average security breach.
A study by Akamai revealed that a staggering 84% of security professionals had encountered at least one API security incident in 2024.
68% of enterprises experienced a business impact event and along with it increased costs related to an identity breach.
Static API keys are easy for threat actors to locate and steal. Monitoring and detecting stolen keys is too slow and inaccurate.
Hopr wraps the API keys used by trusted workloads in end-to-end encryption using its SEE™ protocol. When malicious workloads make API calls with stolen keys they fail decryption immediately on arrival and are dropped. The never reach the API endpoint.
The security of API keys issued to third parties relies on the vigilance of the third party to secure them. Third parties determine how to secure their API keys. As API keys are passed between endpoints for authentication they are vulnerable to theft.
Third parties receive API keys and Hopr's AMTD technology to ensure that the Third Party API calls to the API endpoint are trusted and distinguishable from malicious third party calls to an API endpoint
API keys are static. If vaulted API keys are rotated, then another API key is needed to retrieve the freshly rotated key and a copy of it must be 'injected' into the application endpoints. Keys are passed between endpoints exposing them to theft. Authentication cannot prevent the use of a stolen API key.
Equip trusted third parties to wrap their API keys in Synchronous Ephemeral Encryption (SEE™) when making an API call. API keys arriving from untrusted third parties are immediately detected when they fail decryption and the connection is rejected