CDNetworks 2022 WAAP Report Reveals the Necessity of Holistic Solutions to Combat Surging Web Application and API Attacks; Web Application Attacks Increase by 96.35%
SINGAPORE, June 21, 2023 /PRNewswire/ -- CDNetworks, an APAC-leading network to deliver edge as a service, released its annual State of Web Application and API Protection (WAAP) Report for 2022, which highlights the challenges that WAFs face in providing comprehensive protection against numerous threats. The report also suggests that adopting holistic solutions has been a key to protect an organization's multi-channel assets and respond to a range of threats.
Surging Trend for All Types of Attacks in Relation to WAAP
Of particular note are the following indicators noted in the Security Report:
DDoS Attack Peaks and Incident Numbers Hit a New High Record
Web Application Attacks are Surging & WAF Struggles to Cover Diverse Threats
API Assets Have Become the Top Target for Malicious Attacks
Bot Attacks are Increasing Rapidly
The report also provides detailed analysis of these attack vectors and their associated techniques. For instance, low-frequency application layer DDoS attacks are discussed in depth, with emphasis on identifying risky IP addresses as the most effective defense against Second-Dialing-IP attacks. And CDNetworks also finds that some hackers exploited the 0-Day vulnerability before it was publicly acknowledged. Additionally, the report also brings attention to several types of API vulnerabilities that can be exploited by attackers to launch destructive attacks on API businesses.
Apart from these typical attack vectors, CDNetworks' security expert team also further investigated and analyzed online business fraud incidents in this report, revealing that cybercriminals and fraudsters employ highly personalized and automated attack techniques on a large scale, in addition to using various device-emulating tools that falsify information. These techniques contribute significantly to the rise in online fraud risks.
"The landscape of web application and API protection is constantly evolving. Attackers are launching attacks with more prominent targets and a deeper understanding of typical scenario. And the most concerning aspect is the presence of highly developed illegal chains within industries that are particularly susceptible to attacks, such as e-commerce, travel, transportation, and online gaming." Doyle Deng, Head of Global Marketing and Product of CDNetworks said. "The State of WAAP report gives companies an opportunity to understand the cybersecurity landscape they are facing and gain rich perspective to choose the right WAAP provider based on their needs."
Click here to download State of Web Application and API Protection Report for 2022 or visit at www.cdnetworks.com.
About CDNetworks
As the APAC-leading network with over 2800 global Points of Presence and more than 20 years of technology experience, CDNetworks embraces the new era of Edge and takes it to the next level by using the Edge as a service to deliver the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, zero trust security, and colocation services — all of which are uniquely designed to spur business innovation. To learn more, visit cdnetworks.com and follow us on LinkedIn.
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