API risks exposed in unprecedented clarity across the API lifecycle with weighted risk scores based on context, likelihood and business impact
Tel Aviv, Israel – August 2nd 2023 – API lifecycle security expert Wib, through its unified API Security platform has announced the launch of its a high-definition risk engine that gives the richest picture yet of API security threats, enabling organizations to manage API risks with greater certainty, accuracy and in alignment with published OWASP Risk Methodology standards.
Part of the company’s Fusion Platform, Wib’s high-definition risk engine is the first to meet OWASP’s requirements for effective API risk prioritization. Wib’s solution spans the complete API lifecycle from code development, through testing, and into production, and calculates the three critical dimensions of each defined risk (context, business impact (and the likelihood it will occur) to determine a weighted risk score.
According to Gartner, in its API Security and management report, API security vulnerabilities will account for more than 50% of all enterprise data loss by 2025. This is because security risks are shifting from the user interface to the API as web and cloud applications proliferate, creating blind spots in legacy approach that prevent enterprises from maintaining a sound risk posture. Wib’s high-definition risk engine equips organizations to fight back with crystal-clear clarity of API risks, enabling a risk ranking methodology that exemplifies the recommended approach of OWASP, the internationally recognised authority for API security standards.
Wib VP of Products, Gil Shulman, said: “If you can’t prioritise risks you can’t have an effective defensive strategy. Just as a high-definition screen uses detail to show you a clearer picture, our high-def engine provides a very granular view of every risk. But the detail is no use without understanding the context. Not all APIs are equal so our solution takes business impact into account. It puts a higher weighting on those involved in customer data or payment information, for example.”
Wib’s rankings are based on:
- Multi-lens information gathered from data sources across the API lifecycle – coding, testing and production.
- Context and impact for each API, which are determined by factors such as the value of the data, importance of the process and the regulatory or financial consequences of a successful attack
- The probability of an attack occurring – assessed using a mix of technical criteria, such as misconfiguration and incident history, with analysis of the incentives for the attacker and the difficulty of launching an attack.
This data is automatically combined to provide weighted risk scores for each API.
Shulman adds: “Almost everyone in the API security market claims to produce a risk score, but when you dig deeper into these methodologies, they don’t differentiate between APIs or rank risks according to business context. The purpose of ranking is to tell you what’s most important and help the SOC and incident response teams to decide what to do about it. Insights are only useful if they’re actionable.”
Wib is pioneering a new era in advanced API security with its industry-first holistic API security platform. Providing unified, continuous and complete visibility and control across the entire API ecosystem, Wib enables developers to code with confidence and security teams to secure with surety.
Wib’s elite team of developers, attackers, defenders, and seasoned cybersecurity professionals draw on real-world experience and expertise to help define and develop innovative technology solutions that enable customers with the identity, inventory and integrity of every API, wherever it may be within the development lifecycle, without compromising development or stifling innovation.
Wib is Headquartered in Tel Aviv, Israel with international presence in Dallas, USA and London, UK. It was founded in August 2021 by serial entrepreneur Gil Don (CEO), Ran Ohayon (CRO) and Tal Steinherz who previously served as the CTO of Israel’s national cyber directorate. Visit www.wib.com
- High-Definition Risk Ranking: Enhancing OWASP’s Methodologies for Comprehensive API Security – A Wib brief
- OWASP Risk Rating Methodology