Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today released its new report,
Application Security in a Multi-Cloud World 2023. The survey, which
was conducted with Osterman Research, reveals the escalation of
threats against web applications and increased security concerns
about hybrid cloud infrastructures and API usage. At the same time,
organizations struggle with low levels of security preparedness.
KEY FINDINGS
Frequency of Application Attacks RiseThe 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
UsageWhile 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 Haim Zelikovsky, vice
president of cloud security services at Radware. “Threats against
applications are increasing in frequency and severity. Compounding
these threats is marked concern over multi-cloud security, the weak
protection of internally developed and third-party APIs, and subpar
defenses against application DDoS attacks.”
Public Cloud Security Takes a HitBetween 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.
MethodologyThe 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 Americas, APAC, EMEA,
and LATAM.
The complete Application Security in a Multi-Cloud World 2023
report can be downloaded here.
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.
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©2023 Radware Ltd. All rights reserved. Any Radware products and
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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.
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
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that during the next 12 months, the use of public clouds for
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cause or contribute to such differences include, but are not
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impact of economic and political uncertainties and weaknesses in
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escalation of hostilities or acts of terrorism; intense competition
in the market for cyber security and application delivery solutions
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Media Contact:Gerri
DyrekRadwareGerri.Dyrek@radware.com
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