Whenever a new way to spin data into gold appears on the scene, companies are quick to jump on the money train. And when they do, security frequently falls by the side of the tracks. That's the case, in many instances, with application programming interfaces (APIs).
APIs are system components that allow applications, platforms, and systems to connect and share data. They're the bedrock of what's being called the API economy, where companies are finding new ways to monetize their software assets through APIs that give developers access to those assets.
How popular are APIs? A recent survey by Ovum and Distil Networks of 100 companies of various sizes and across a variety of industries in North America, Europe, and the Asia-Pacific region found that 20% of them were maintaining, building, or publishing more than 50 APIs, 48% were running between 1 and 50, and 32% were working on between 1 and 10.