This document outlines the OWASP API Security Top 10 project which identifies the top 10 risks associated with modern application programming interfaces (APIs). It describes each of the top 10 risks, including broken authentication, excessive data exposure, lack of resources and rate limiting, and insufficient logging and monitoring. For each risk, it provides real-world examples of APIs that have been exploited and mitigation strategies are proposed. Additional resources for the project are listed at the end.