Radware Introduces API Protection to Detect and Defend Against Sophisticated, Malicious Bots

Rhea-AI Summary

Radware (NASDAQ: RDWR) has upgraded its application security solutions to shield mission-critical APIs from sophisticated bot attacks. The Bot Manager now offers comprehensive protection, responding to a substantial rise in API vulnerabilities, with bot attacks increasing by 50% in the first half of 2020 compared to 2019. Research indicates 81% of organizations faced API attacks last year. As organizations increasingly rely on APIs, Radware’s solution harnesses machine learning to effectively counteract these automated threats, enhance data protection, and minimize financial impacts.

Positive

• Enhanced Bot Manager solution protects mission-critical APIs from bot attacks.
• Research indicates 81% of organizations reported API attacks in 2019, emphasizing the need for improved security.
• Bot attacks on APIs grew 50% in early 2020, highlighting growing market demand for protection solutions.
• Machine learning algorithms in Bot Manager effectively identify and mitigate automated threats.

Negative

• None.

MAHWAH, N.J., June 23, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, has enhanced its application security solutions to include protection for mission critical APIs from the growing threat of sophisticated, automated bot attacks. Radware’s Bot Manager now offers comprehensive protection for the full-stack of APIs, including IoT, machine-to-machine, web, mobile, and serverless interfaces.

According to Gartner’s 2019 Magic Quadrant for Web Application Firewalls, "By 2021, 90% of web-enabled applications will have more surface area for attack in the form of exposed APIs rather than the UI, which is a major increase from 40% in 2019."  Per Radware’s research, 81% of organizations have reported attacks against their APIs and 75% reported suffering bot attacks in 2019. Additionally, bot attacks on APIs have grown 50% in the first half of 2020 compared to 2019. APIs are prone to access violations, bots and abuse, resulting in mass data losses, stolen private information and service disruption.

“The growing use of APIs across all facets of business also brings with it a significant increase in the attack surface,” said Gabi Malka, Chief Operating Officer for Radware. “But the typical method and tools for detecting attacks aren’t always built to defend APIs. Radware’s Bot Manager solves a challenging and complex problem with machine learning algorithms that identify anomalous behavior mobile and web-based API calls/traffic.” 

Radware’s Bot Manager solution leverages deep learning to provide advanced API protection from automated threats and helps:

• Protect sensitive data from leaking as a result of bot attacks such as ATO or web-scraping
• Minimize financial impact of bot attacks on monetization APIs
• Reduce API consumption and utilization costs 
• Visibility into violations and exploitations of bots targeting APIs with intent-based analytics

For more information about Radware’s Bot Manager solution, please visit https://www.radware.com/products/bot-manager/

ABOUT RADWARE
Radware® (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 more than 12,500 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 www.radware.com.
Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2020 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.

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.” When we say that our Bot Manager solution “helps protect sensitive data from leaking as a result of bot attacks”, that is a forward-looking statement. 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: outages, interruptions or delays in hosting services or our internal network system; the risk that our intangible assets or goodwill may become impaired; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; our ability to attract, train and retain highly qualified personnel; 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 Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com 

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com 

FAQ

What is the significance of Radware's Bot Manager update for RDWR investors?

The update enhances API security, addressing a critical market need as API attacks are on the rise, which can positively impact RDWR's market position and revenues.

How much did bot attacks on APIs increase in 2020 according to Radware?

Bot attacks on APIs increased by 50% in the first half of 2020 compared to the previous year.

What percentage of organizations reported API attacks in 2019?

According to Radware's research, 81% of organizations reported experiencing API attacks in 2019.

How does Radware's Bot Manager protect sensitive data?

It uses machine learning to identify and mitigate anomalous behavior in API calls, thereby protecting sensitive data from bot-related threats.