Fortinet Elevates Web Application Security and Performance with New Unified Platform

Rhea-AI Summary

Fortinet (NASDAQ: FTNT) has launched FortiAppSec Cloud, a new cloud-delivered platform integrating web application security and performance management tools. The platform combines advanced bot defense, global server load balancing, and web/API security into a unified solution. Key features include ML-powered bot protection, intelligent traffic routing, and threat analytics powered by FortiGuard Labs. The platform aims to address the challenges of securing modern web applications across multi-cloud environments, offering centralized management and reduced complexity. According to Fortinet's 2024 Cloud Security Report, 95% of cybersecurity professionals support a single-dashboard approach for streamlined security management.

Positive

• Integration of multiple security tools into a single platform reduces operational complexity
• ML-powered security features enhance protection against sophisticated threats
• Seamless integration with Fortinet Security Fabric ecosystem
• Platform addresses growing market demand (95% of professionals support unified approach)

Negative

• None.

Insights

Tech Security Expert

FortiAppSec Cloud represents a significant strategic advancement in Fortinet's product portfolio, addressing critical market demands for simplified web application security. The platform's integration of AI-powered security, bot defense and load balancing directly targets the growing complexity in multi-cloud environments that many enterprises struggle with.

The platform's ML-driven engine and FortiGuard Labs integration creates a compelling competitive advantage in threat detection and response. Key differentiators include the reduction in false positives and the automated threat analytics, which address major pain points in the industry - alert fatigue and manual oversight requirements.

The seamless integration with Fortinet Security Fabric positions this solution strongly against competitors like Cloudflare and Akamai, potentially strengthening Fortinet's market position in the rapidly growing cloud security segment. This launch could drive increased revenue through both new customer acquisition and existing customer upgrades.

FortiAppSec Cloud consolidates key web application capabilities into a single offering, providing cutting-edge protection, seamless delivery, and centralized management across multi-cloud environments

SUNNYVALE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) --

News Summary   
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced FortiAppSec Cloud, a new cloud-delivered platform that integrates key web application security and performance management tools into a single offering. The platform streamlines web and API security, advanced bot defense, and global server load balancing, among other capabilities, so customers can confidently secure and manage their hybrid and multi-cloud environments.

“Web applications are foundational to the success of modern enterprises, but they are extremely challenging to secure, leaving businesses with a substantial attack surface,” said Vincent Hwang, VP, Cloud Security, Fortinet. “With FortiAppSec Cloud, we’ve converged AI-powered security and key performance tools to empower organizations with a unified platform that simplifies web application security management, decreases risk, and reduces costs for our customers. By evolving from conventional, siloed web application security solutions, businesses can stay ahead of sophisticated threats and provide a superior user experience across their entire network.”

The Need for Streamlined Web Application Security and Management
Modern, dynamic web applications are challenging to secure and manage because they reside across disparate environments, leverage varying tools, and demand unique configurations. Current solutions often require a tradeoff between security and simplicity. By integrating key features into a single platform, FortiAppSec Cloud cuts through this complexity to reduce risk and centralize management. In fact, according to Fortinet’s 2024 Cloud Security Report conducted by Cybersecurity Insiders, 95% of cybersecurity professionals advocate for a single-dashboard approach to streamline security policies, enhance visibility, and simplify cloud complexities.

FortiAppSec Cloud: A Comprehensive Web Application Platform
With FortiAppSec Cloud, customers have deep visibility and control over web applications within their complex, multi-cloud environments. They can configure and manage security features and performance tools via an easy-to-use console, streamlining business operations while ensuring the protection of their network. Key capabilities include:

• Advanced bot defense uses continuous machine learning (ML) and behavioral analysis to protect applications from account takeover attempts, data theft, and service disruption.
• Global server load balancing provides intelligent traffic routing with seamless failover and synthetic testing, ensuring optimal application performance across even the most complex, multi-cloud environments.
• Web and API security, powered by the FortiAppSec Cloud ML-driven engine and complemented by real-time threat intelligence from FortiGuard Labs, identifies anomalies, inspects payloads, and distinguishes between legitimate users and potential threats. Organizations will have fewer false positives, faster response times, and stronger protection against even the most sophisticated cyberattacks.
• World-class threat analytics identifies attack patterns and security incidents across all web applications. It provides contextual analysis, prioritization, and remediation guidance, helping increase productivity by alleviating alert fatigue and reducing the number of manual tasks for security teams.

FortiAppSec Cloud is a part of the Fortinet Security Fabric, a unified cybersecurity platform, and integrates seamlessly with other Fortinet cloud security and management solutions. This means customers can create an end-to-end security and risk management approach that works for their unique, multi-cloud environment.

Additional Resources 

• Read more about FortiAppSec Cloud.
• Read the 2024 Cloud Security Report.
• Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks.  
• Learn about Fortinet’s FortiGuard Security Services portfolio.   
• Read about how Fortinet customers are securing their organizations.  
• Follow Fortinet on X, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.     

About Fortinet
Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. 

Media Contact:	Investor Contact:	Analyst Contact:
Margaret Reeb  Fortinet, Inc.   408-235-7700   pr@fortinet.com	Aaron Ovadia    Fortinet, Inc.    408-325-7700  investors@fortinet.com	Brian Greenberg    Fortinet, Inc.   408-235-7700   analystrelations@fortinet.com

FAQ

What is FortiAppSec Cloud and when was it announced by Fortinet (FTNT)?

FortiAppSec Cloud, announced on December 3, 2024, is Fortinet's new cloud-delivered platform that integrates web application security and performance management tools into a single unified solution.

What are the main features of Fortinet's (FTNT) FortiAppSec Cloud platform?

The main features include advanced ML-powered bot defense, global server load balancing, web and API security, and threat analytics with real-time intelligence from FortiGuard Labs.

How does FortiAppSec Cloud integrate with other Fortinet (FTNT) products?

FortiAppSec Cloud is part of the Fortinet Security Fabric and integrates seamlessly with other Fortinet cloud security and management solutions for end-to-end security management.