Imperva released a new study that uncovers the rising global costs of vulnerable or insecure APIs. The analysis of nearly 117,000 unique cybersecurity incidents estimates that API insecurity results in $41-$75 billion of losses annually. The study, conducted by the Marsh McLennan Cyber Risk Analytics Center, found that larger organizations were statistically more likely to have a higher percentage of API-related incidents. In fact, enterprises with revenues of at least $100 billion were 3-4x more likely to experience API insecurity than small or midsize businesses. The data suggests that large companies are particularly vulnerable to the security risks associated with exposed or unprotected APIs as these mature organizations accelerate digital transformation. An API is the invisible connective tissue that enables applications to share data to improve end-user experiences and outcomes.