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As intermediaries between different software, Application Program Interfaces (APIs) have revolutionized the software development process. An API-first approach is the norm for several companies seeking to promote the integration of their proprietary software with other products—either through strategic business partnerships, or in the open market, which has led to the birth of ‘API economy’. Typically, APIs are classified into 2 categories—Public and Private, depending on the access granted. While private APIs are developed by a company for internal use or shared only with its authorized customers, public APIs are those that are released by companies into the public domain. Normally, the context in which private APIs are used is known, due to which the scope for misusing them is minimal. However, this is not the case with public APIs where the usage is unregulated. This necessitates an understanding of the advantages and disadvantages associated with them.