Do you know WAAP Can Prevent Hacking of Your Web Applications? FTX discovered some unlawful crypto wallet transactions over the weekend. The group suffered its fatal blow when one of the biggest FTX bitcoin exchanges was hacked.
They only publicised their bankruptcy filing a few hours after threat actors stole over $477 million in cryptocurrency.
This is merely one of numerous instances of well-known victims whose online application was targeted by cybercriminals and whose case resulted in catastrophic financial damage or irreparable reputational injury.
Companies struggle to recover after such incidents, whether they are the product of internal or foreign hacker activities.
WAAP Can Prevent Hacking of Your Web Applications
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Nowadays, a lot of businesses handle sizable sums of their customers’ money that are vulnerable to theft or data leakage.
One or more of the reasons that make or break a firm after an incident include the high expense of fixing the infrastructure after the attack, tightening security, and falling behind on organisational activities.
This is especially true for smaller businesses because they have less money to spend on cybersecurity.
What are some of the top threats to be on the lookout for, what is WAAP and does it assist safeguard web apps, how can enterprises defend their web applications from cybercrime, and why can hackers get around many conventional tools?
Time to find out is now.
Top Threats For Website Applications
According to the OWASP Top 10 document that lists top risks for web applications, common threats include:
- Broken access control
- Cryptographic failures
- Insecure design
- Security misconfiguration
- Vulnerable and outdated components
- Identification and authentication failures
- Software and data integrity failures
- Security logging and monitoring failures
- Server-side request forgery
Due to these vulnerabilities in the web application, the company is vulnerable to a variety of assaults, including Distributed Denial of Service (DDoS) attacks, unauthorised access to user accounts, and data breaches.
These are the top 10 flaws that hackers are most likely to use against you. However, there are also other problems for which companies should be ready, such as zero-day threats and undiscovered flaws that put their operations in danger.
How can companies safeguard the online applications they use?
Website Protection Solutions
The security tools available for website protection nowadays include:
- Having Web Application Firewalls (WAF)
- Employing zero trust methodology
- Enforcing strong passwords
- Managing security often
- Using Web Application and API protection (WAAP)
By screening potentially dangerous HTTP traffic and allowing genuine traffic—blocking or letting it through according on the pre-set rules—WAF protects websites against threats.
The tenet of “trust but verify” is the foundation of zero trust technique. In actuality, it can entail increasing the number of login steps required or restricting access based on an individual’s position within the organisation.
Up to 80% of data breaches are due to reused, easily cracked, weak credentials. Using stronger passwords will help you avoid most assaults.
It is not sufficient to have only the instruments to protect a business. Additionally, they need to be monitored on a regular basis using software that can test, scan, analyse, and produce a report with clear recommendations. It must constantly be enhanced.
What about WAAP, though?
What Is WAAP?
WAAP is a web application-specific cybersecurity solution. This cloud-based service was designed as a means of securing intricate cloud architectures and Application Programming Interfaces (APIs), which are vulnerable to hacker exploits and vulnerabilities.
Cybercriminals are interested in components like API because they can access them via the open internet and exploit them to obtain sensitive data about app users.
The functionality of several security tools, including DDoS protection, Next Generation WAF, Runtime Application Self Protection, Malicious Bot Protection, and API Protection, are combined by WAAP to provide comprehensive app security.
This means that it includes application layer security, uses artificial intelligence to monitor the assets in real-time, and has the ability to isolate and thwart attacks before they can harm an app.
Additionally, it includes more thorough inspection, ongoing organisational learning so that data can be used to enhance security, analysis of encrypted traffic containing sensitive information, and in-depth analytics of its findings.
Simply put, a reliable vendor’s WAAP solution offers application and data protection without compromising functionality.
Where Do Traditional Tools Fall Short?
Although WAF can provide bare-bones security, it is also the programme that hasn’t advanced much over time or with improvements to the internet.
As a result, an increasing number of businesses are turning to solutions created specifically for today’s websites in order to safeguard their applications against increasingly frequent and sophisticated attacks.
Any business with an online presence must have the website application completely and effectively protected, especially if they provide their services through the internet.
Strong passwords should be used in conjunction with many layers of protection, which should also include management tools, policies based on zero-trust principles, and the appropriate tools for identifying and thwarting hacking threats.
Additionally, it’s crucial to have a technology like WAAP that can safeguard contemporary web applications and keep up with their rapid developments.