Kong's 2024 API Impact Report highlights the dual nature of AI in enterprises, offering new opportunities for innovation while introducing potential vulnerabilities, particularly in API security. Despite 85% of organizations expressing confidence in their security measures, 55% experienced API security incidents in the past year, with nearly half incurring remediation costs exceeding $100,000. The report reveals a concerning gap between perceived readiness and actual security risks, as 77% acknowledge significant threats posed by AI and large language models. As API attacks are projected to surge by 548% by 2030, the need for robust security measures becomes critical, especially given that API breaches tend to result in more leaked data compared to average security breaches. Organizations are increasingly concerned about AI-enhanced cyberattacks, with 92% taking steps to address these threats, yet many remain uncertain about the adequacy of their current security investments. The report emphasizes the necessity of treating API infrastructure as mission-critical to navigate the evolving landscape of AI-related risks effectively.