This report examines how API vulnerabilities threaten insurance services that process claims, financial details, policy information, and other sensitive customer data. It found that 76.7% of insurance organizations experienced an API incident, with average U.S. costs reaching $625,634. The most damaging outcome was lost customer goodwill and churn, followed by reputational harm with leadership and remediation expenses. Only 56.7% had a full API inventory, and just 20.7% knew which APIs returned sensitive data. Key causes included zombie APIs, unintended internet exposure, failed traditional tools, authorization weaknesses, and misconfigurations. Akamai recommends comprehensive API discovery, standardized secure development, behavior analysis, and proactive protection to reduce fraud, compl

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