- 31% of organizations experience DDoS attacks on a weekly basis
- 46% of organizations see web application attacks on a daily or weekly basis
- 66% of organizations would not be very surprised if their APIs were breached tomorrow
KEY FINDINGS
Frequency of Application Attacks Rise
The report reveals a surge in the frequency of bot, application, API, and DDoS attacks against applications over the past 12 months. During the past year, application attacks have become the most frequently occurring attack on a daily basis, jumping from 4% in 2022 to 23% in 2023.
- Almost half of organizations (46%) experience web application attacks daily or weekly.
- Nearly one third (31%) of organizations face DDoS attacks weekly.
- Downtime due to a successful application DDoS attack costs organizations an average of
$6,130 per minute.
Lack of Confidence Plagues Increased API Usage
While the use of internally developed and third-party APIs may be inextricably tied to core business processes, outcomes, and thus measures of business success, they are also a cause for anxiety for most organizations.
- More than 87% of organizations report they are developing and using more APIs as an essential element of their modern application strategy. Yet, nearly three out of four respondents (74%) lack confidence that their internally developed APIs are protected against security threats that lead to unauthorized data access, exposure of application logic, and data breaches.
- Nearly all organizations (99%) make extensive use of third-party APIs or code, with 68% using more than 11 third-party APIs for each web application. Despite widespread usage, 64% of respondents would not be very surprised if they experienced a supply-chain breach via third-party APIs or code tomorrow.
“Companies continue to admit to looming security challenges and struggle with a lack of readiness when it comes to protecting their applications and infrastructure,” said
Public Cloud Security Takes a Hit
Between 2022 and 2023, the survey shows a marked increase in concern over public cloud security. The inability to achieve consistent security policies surfaced as the problem that grew the most during the last year. In 2023, more than half of respondents (56%) rated inconsistent security policies a problem or extreme problem, up from 26% in 2022. Other areas respondents ranked as problems or extreme problems include:
- Protection coverage between platforms: 61% in 2023 compared to 38% in 2022
- Unified visibility: 58% in 2023, up from 41% in 2022
- Centralized management: 46% in 2023, compared to 34% in 2022
Companies Rethink Hybrid Environments
While every organization relies on at least one public cloud platform, approximately 70% also report using private cloud services and on-premises data centers for hosting applications.
- Almost half (46%) of organizations use all three environments in parallel, creating a complex situation where strong cross-environment administration, management, and security are essential.
- Despite the ongoing discussion about “the great cloud migration” and the abandonment of on-premises environments, approximately three quarters (73%) of organizations not only still use these environments but expect usage to increase in the next 12 months.
- During the next 12 months, the use of public clouds for hosting applications is expected to consolidate around one or two public clouds.
Methodology
The survey includes responses from senior DevOps and DevSecOps administrators, application and cloud security architects, senior network security administrators, vice presidents of research and development, among other security roles. It was conducted in 10 countries across the
The complete Application Security in a
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©2023
THIS PRESS RELEASE AND THE RADWARE APPLICATION SECURITY IN A MULTI-CLOUD WORLD REPORT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE'S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.
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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 that during the next 12 months, the use of public clouds for hosting applications is expected to consolidate around one or two public clouds, we are using 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: the impact of global economic conditions and volatility of the market for our products; the effects of the current attacks by the terrorist groups
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Source:
2023 GlobeNewswire, Inc., source