Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced it has enhanced its
API Protection solution with a new AI-driven, auto-learning
protection engine designed to immediately detect and mitigate
business logic attacks. Working in real-time, the engine exposes
bad actors’ identities and automatically detects and blocks
malicious API calls by continuously learning the application’s
business logic. The solution offers organizations comprehensive
coverage for the OWASP API 2023.
API attacks that leverage business logic vulnerabilities are
becoming more sophisticated and harder to detect, often mimicking
legitimate API usage. According to Radware’s latest Global Threat
Intelligence Analysis Report, malicious web application and API
transactions increased by 171% in 2023 compared to 2022. Retail
(37%) and transportation (19%) were the most attacked industries,
followed by software as a service (8%) and carriers (8%).
“Radware is helping organizations take the guesswork out of API
protection,” said Gabi Malka, Radware’s chief operation officer.
“Unlike competitive solutions that rely on past attack log analysis
for detection and remediation recommendations rather than
immediately blocking the attacks, Radware’s AI-powered protection
works automatically, continuously, and in real-time. It not only
learns the business logic, but also accurately reveals bad actors’
identities and blocks their attacks as they occur, resulting in
frictionless, optimized protection and reduced risk.
Radware’s enhanced API Protection solution takes a multi-layer
approach to real-time detection and mitigation of business logic
attacks. It leverages:
- Continuous auto-learning of the application business logic to
deliver real-time insights into the legitimate or malicious intent
of API calls.
- Real-time AI-driven context analysis of security policies to
enhance the reliability of API attack detection and
mitigation.
- Precise identification of bad actors that surpasses simple IP
blocking to accurately block malicious users and
clients.
Radware’s API Protection is part of the company’s comprehensive
Cloud Application Security Protection Service. The service also
includes the company’s industry-leading web application firewall
(WAF), bot detection and management, and client-side and
application-level (Layer 7) web DDoS protection. Combining
end-to-end automation, behavioral-based detection, and 24/7 managed
services, the solution is designed to offer organizations the
highest level of application protection with the lowest level of
false positives.
Radware has received numerous awards for its application and
network security solutions. Industry analysts such as Aite-Novarica
Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and
Quadrant Knowledge Solutions continue to recognize Radware as a
market leader in cyber security.
About RadwareRadware® (NASDAQ: RDWR) is a
global leader of cyber security and application delivery solutions
for physical, cloud, and software defined data centers. Its
award-winning solutions portfolio secures the digital experience by
providing infrastructure, application, and corporate IT protection,
and availability services to enterprises globally. Radware’s
solutions empower enterprise and carrier customers worldwide to
adapt to market challenges quickly, maintain business continuity,
and achieve maximum productivity while keeping costs down. For more
information, please visit the Radware website.
Radware encourages you to join our community and follow us on:
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for iOS.
©2024 Radware Ltd. All rights reserved. Any Radware products and
solutions mentioned in this press release are protected by
trademarks, patents, and pending patent applications of Radware in
the U.S. and other countries. For more details, please
see: https://www.radware.com/LegalNotice/. All other
trademarks and names are property of their respective owners.
Radware believes the information in this document is accurate in
all material respects as of its publication date. However, the
information is provided without any express, statutory, or implied
warranties and is subject to change without notice.
The contents of any website or hyperlinks mentioned in this
press release are for informational purposes and the contents
thereof are not part of this press release.
Safe Harbor Statement This press release
includes “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
made herein that are not statements of historical fact, including
statements about Radware’s plans, outlook, beliefs, or opinions,
are forward-looking statements. Generally, forward-looking
statements may be identified by words such as “believes,”
“expects,” “anticipates,” “intends,” “estimates,” “plans,” and
similar expressions or future or conditional verbs such as “will,”
“should,” “would,” “may,” and “could.” For example, when we say in
this press release that the AI-driven, auto-learning protection
engine is designed to immediately detect and mitigate business
logic attacks, we are using forward-looking statements. Because
such statements deal with future events, they are subject to
various risks and uncertainties, and actual results, expressed or
implied by such forward-looking statements, could differ materially
from Radware’s current forecasts and estimates. Factors that could
cause or contribute to such differences include, but are not
limited to: the impact of global economic conditions, including as
a result of the state of war declared in Israel in October 2023 and
instability in the Middle East, the war in Ukraine, and the
tensions between China and Taiwan; our dependence on independent
distributors to sell our products; our ability to manage our
anticipated growth effectively; a shortage of components or
manufacturing capacity could cause a delay in our ability to
fulfill orders or increase our manufacturing costs; our business
may be affected by sanctions, export controls, and similar
measures, targeting Russia and other countries and territories, as
well as other responses to Russia’s military conflict in Ukraine,
including indefinite suspension of operations in Russia and
dealings with Russian entities by many multi-national businesses
across a variety of industries; the ability of vendors to provide
our hardware platforms and components for the manufacture of our
products; our ability to attract, train, and retain highly
qualified personnel; intense competition in the market for cyber
security and application delivery solutions and in our industry in
general, and changes in the competitive landscape; our ability to
develop new solutions and enhance existing solutions; the impact to
our reputation and business in the event of real or perceived
shortcomings, defects, or vulnerabilities in our solutions, if our
end-users experience security breaches, if our information
technology systems and data, or those of our service providers and
other contractors, are compromised by cyber-attackers or other
malicious actors or by a critical system failure; outages,
interruptions, or delays in hosting services; the risks associated
with our global operations, such as difficulties and costs of
staffing and managing foreign operations, compliance costs arising
from host country laws or regulations, partial or total
expropriation, export duties and quotas, local tax exposure,
economic or political instability, including as a result of
insurrection, war, natural disasters, and major environmental,
climate, or public health concerns, such as the COVID-19 pandemic;
our net losses in the past two years and possibility we may incur
losses in the future; a slowdown in the growth of the cyber
security and application delivery solutions market or in the
development of the market for our cloud-based solutions; long sales
cycles for our solutions; risks and uncertainties relating to
acquisitions or other investments; risks associated with doing
business in countries with a history of corruption or with foreign
governments; changes in foreign currency exchange rates; risks
associated with undetected defects or errors in our products; our
ability to protect our proprietary technology; intellectual
property infringement claims made by third parties; laws,
regulations, and industry standards affecting our business;
compliance with open source and third-party licenses; and other
factors and risks over which we may have little or no control. This
list is intended to identify only certain of the principal factors
that could cause actual results to differ. For a more detailed
description of the risks and uncertainties affecting Radware, refer
to Radware’s Annual Report on Form 20-F, filed with the Securities
and Exchange Commission (SEC), and the other risk factors discussed
from time to time by Radware in reports filed with, or furnished
to, the SEC. Forward-looking statements speak only as of the date
on which they are made and, except as required by applicable law,
Radware undertakes no commitment to revise or update any
forward-looking statement in order to reflect events or
circumstances after the date any such statement is made. Radware’s
public filings are available from the SEC’s website at www.sec.gov
or may be obtained on Radware’s website at www.radware.com.
Media Contact:Gerri
DyrekRadwareGerri.Dyrek@radware.com
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