APIs are a key component in any digital transformation journey. They enable organizations to create new business models and connect with partners and customers, while providing seamless digital experiences by linking systems and services together. In today’s API economy, all modern architecture concepts deeply rely on APIs.
In a typical API management platform, the key manager component or authorization server mainly focuses on access delegation or securely managing access tokens. However, comprehensive API security goes beyond simple authorization capabilities. Open Web Application Security Project’s (OWASP) recent API Security Top 10 explains how vast the API security threat landscape is. This is why we need IAM solutions in API platforms to fill this security gap. An IAM solution strengthens security and provides additional capabilities to enhance digital transformation efforts.