According to a recent LinkedIn post from Bugcrowd, APIs account for 80% of internet traffic and remain attractive targets for cyberattacks, including those operated by established organizations. The post cites security research indicating that 84% of professionals experienced an API security incident in 2024, up from 78% in 2023.
The post highlights Savant Probe, a tool designed to examine the runtime behavior of exposed API endpoints and identify vulnerabilities before attackers exploit them. Bugcrowd’s accompanying material is presented as guidance for using the technology to strengthen API security, rather than as evidence of a specific customer deployment or financial result.
Growing API usage and rising incident rates could support demand for tools focused on vulnerability detection and application security. If Savant Probe gains adoption, it could help Bugcrowd differentiate its offerings in a competitive cybersecurity market and potentially broaden recurring software or service revenue.
However, the LinkedIn content does not provide information on sales, customer numbers, pricing, or financial performance. Investors may therefore view the update primarily as an indicator of product positioning and market opportunity, with its commercial impact dependent on customer adoption and the company’s ability to convert heightened API security concerns into measurable revenue growth.