The API Protection Report for the second half of 2022 reveals a dramatic surge in threats during the holiday season, with unique attacks increasing by 550%. Shadow APIs spiked by 900%, underscoring the lack of API visibility and the growing attack surface. Attackers increasingly combined API and web application security tactics, validating OWASP API Security Top 10 concerns, including API8: Lack of Protection from Automated Threats. The report highlights evolving tactics, techniques, and procedures across industries like telecom and retail, emphasizing the urgent need for robust API security measures.

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