Enterprise Security, Software Security, API Security

Wallarm Unveils API Abuse Prevention, Protects Organizations Against Bot-Based Attacks

Wallarm Unveils API Abuse Prevention, Protects Organizations

Wallarm, the end-to-end API security company, today announced the early release of its API Abuse Prevention feature to address one of the most critical API threats: bot-based attacks. Wallarm can now accurately identify and mitigate API bot activity, protecting systems against API abuse, account takeover (ATO), and price scraping. This new feature prevents potential revenue loss, protects customer information, and defends against reputational damage, while ensuring the best possible experience for legitimate API users.

“Bots are a growing threat to API security, and traditional methods of prevention have proven to be ineffective,” said Ivan Novikov, CEO of Wallarm. “Our API Abuse Prevention feature is a game-changer. It can accurately detect and stop a wide range of bot types, without relying on JavaScript challenges. This provides our customers with a highly effective solution to protect their APIs from bot-based attacks.”

"As the fintech, healthtech, and e-commerce industries continue to evolve, API security has become more crucial than ever, with bots posing an increasing threat. Traditional security measures, such as WAFs and WAAP tools, have demonstrated their inadequacy in mitigating these risks," explained Ivan Novikov, CEO of Wallarm. "Our API Abuse Prevention feature offers an innovative solution to this problem, accurately detecting and neutralizing various bot types without the complex deployment. This empowers our clients with a highly effective defense against bot-driven attacks on their APIs."

Bots are a significant threat to the security of APIs and a massive concern for organizations of all sizes. In recent years, there have been several high-profile incidents of API abuse, including the theft of customer data, Denial-of-Service (DoS) attacks, and unauthorized access to sensitive information. These incidents have highlighted the need for effective solutions to prevent API abuse.

Wallarm’s API Abuse Prevention provides organizations with a highly effective solution to protect APIs from bot-based attacks by using specialized detectors to identify and stop a wide range of bot types, including stuffing bots, spiders, scanners, security crawlers, and scalper bots. These detectors can detect bot activity based on several factors, such as request patterns, timing anomalies, and API endpoint behaviors. It is designed to provide organizations with customizable protection against malicious automated behavior that blocks the bad while allowing the good—and at scale.

While traditional bot protection products are mostly focused on the web application, Wallarm’s API Abuse Prevention is specifically developed to mitigate automated actions against APIs where competing solutions fall short. It is delivered on the existing Wallarm Advanced API Security platform, enabling customers to reduce tool sprawl, analyst workload and fatigue, and operational costs. Additionally, Wallarm API Abuse Prevention includes detailed reporting and analysis, allowing organizations to better understand the nature and full scope of bot activity on their APIs, which can be used to improve overall API security and prevent future attacks.

Wallarm’s API Abuse Prevention is available now as a part of Wallarm's Advanced API Security offering. To learn more, visit https://www.wallarm.com.

About Wallarm

Wallarm End-to-End API Security offerings provide robust protection for APIs, web applications, microservices, and serverless workloads running in cloud-native environments. Hundreds of Security and DevOps teams choose Wallarm to: discover all their web apps & API endpoints, traffic flows and sensitive data usage for complete visibility; protect their entire API portfolio against emerging threats; and respond automatically to incidents for better risk management. Our platform supports modern tech stacks, offering dozens of deployment options in cloud and Kubernetes-based environments, and also provides a full cloud solution. Wallarm is headquartered in San Francisco, California, and is backed by Toba Capital, Y Сombinator, Partech, and other investors.

Spotlight

Cyber attacks are increasing in volume, sophistication, and severity, and the federal government has taken notice. Now, they’re taking action — most recently in the form of new cybersecurity rules from the Securities and Exchange Commission. In “11 Ways to Streamline SEC Cybersecurity Compliance with Risk Cloud,” we explore a va

Spotlight

Cyber attacks are increasing in volume, sophistication, and severity, and the federal government has taken notice. Now, they’re taking action — most recently in the form of new cybersecurity rules from the Securities and Exchange Commission. In “11 Ways to Streamline SEC Cybersecurity Compliance with Risk Cloud,” we explore a va

Related News

Network Threat Detection

Kyndryl Announces Strategic Global Alliance with Palo Alto Networks to Provide Industry Leading Network and Cybersecurity Services

PR Newswire | October 04, 2023

Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a strategic global alliance with Palo Alto Networks to provide end-to-end network and cybersecurity services, including the launch of a new service offering, powered by Prisma SD-WAN for enterprises and Industry 4.0 customers. The alliance brings together Palo Alto Networks industry-leading platform security capabilities with Kyndryl's advanced network security services expertise to design, build, manage, and modernize mission-critical networking for customers across industries. The companies are joining forces to capitalize on emerging opportunities in the SD-WAN infrastructure market that IDC estimates will grow at a compound annual growth rate of 10.1% through 2027. As the demands of enterprise mobility accelerate, enterprises are looking for greater operational agility to support their digital transformation. Businesses need to support the growing number of devices used to access the corporate network and cloud-based applications, while also meeting evolving security and compliance requirements. Kyndryl and Palo Alto Networks are partnering to help businesses deliver consistent security and an enhanced user experience for customers everywhere, and across industries such as services, manufacturing, energy, healthcare, and retail. Kyndryl's new SD-WAN offering, powered by Prisma SD-WAN, will enable customers to transform and modernize their networks and meet the growing bandwidth demands of the proliferation of devices and cloud traffic. The new approach to network connectivity will provide a single pane of glass management to their networks, and simplifies deployment to branch-offices and edge services. By helping customers transition into a flexible and scalable network, Kyndryl will be able to help enterprises build a roadmap and incorporate new security paradigms such as SASE with Kyndryl Consulting services. At Kyndryl, we are at the forefront of helping enterprises with their network transformation to meet the growing trends of remote work, multi-devices usage, and cloud and data access. As organizations move away from traditional hardware-centric models to OPEX consumption models, the need for agile, highly secure and reliable networks is imperative, said Stephen Leonard, SVP of Global Strategic Alliances, Kyndryl. We are delighted to partner with Palo Alto Networks to provide robust and versatile network security services that will provide many benefits to our customers. "Together with Kyndryl, we are enabling enterprises to digitally transform confidently and innovate securely, while reaping the benefits of consolidating disparate security solutions into an integrated, best of breed platform," said Prem Iyer, SVP of Global Ecosystems for Palo Alto Networks. "We are committed to helping our joint customers achieve better security outcomes while protecting the modern connected organization from increasingly sophisticated attacks." The global partnership between Kyndryl and Palo Alto Networks builds on the companies' established collaboration around security services and solutions. In July Kyndryl launched its new Security Operations as a platform (SOaap) solution leveraging Palo Alto Networks Cortex technology to drive operational savings and time-to-value through automation and orchestration. Earlier this year, Kyndryl and Palo Alto Networks, together with Nokia, established an innovation lab in support of joint enterprise customers. By the end of the year, customers will be able to view innovative industrial edge use cases running on cloud, 4.9G/LTE and 5G private wireless connectivity. This will include remote manufacturing process control and real-time analytics on factory production sites, provisioning and management of mobile devices to improve the employee and frontline worker experience for onboarding and communication, and IT and OT security integration for worker safety and operational efficiencies. Kyndryl's industrial edge platform will be integrated with a multi-factor zero trust model built on Palo Alto Networks next-generation firewalls, run on Nokia's MXIE Industrial edge as part of Nokia Digital Automation Cloud (DAC)'s solutions, and with end-to-end managed services provided by Kyndryl. About Kyndryl Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Read More

Software Security

BlackBerry Announces Generative AI Powered Cybersecurity Assistant

PR Newswire | October 23, 2023

BlackBerry Limited (NYSE: BB; TSX: BB) today announced its new Generative AI powered assistant for Security Operations Center (SOC) teams. The enterprise-grade solution acts as a SOC Analyst providing Generative AI based cyberthreat analysis and support to enhance CISO operations. It leverages private large language models (LLMs) for greater accuracy and data privacy. The solution, which will be available to BlackBerry's Cylance AI customers, predicts customer needs to proactively provide information rather than requiring users to manually ask questions and compresses research hours into seconds. Fully integrated in the Cylance Console, it produces a natural workflow instead of an inefficient chatbot experience. Cylance launched as the industry's first AI cybersecurity solution and the industry's first predictive cybersecurity solution. Predictive cybersecurity is a must for emerging cyber risks and seen as the future of cybersecurity. BlackBerry pioneered the AI cybersecurity market and our commitment to innovation means we are once again at the forefront of the industry as we unveil our Generative AI powered cybersecurity assistant, said Nathan Jenniges, SVP & GM Spark, Cybersecurity Business Unit, BlackBerry. This new solution will enable our customers to modernize their SOC operations helping them to stay a step ahead of the adversary. It will be invaluable to CISOs in overcoming the challenges they face, including an evolving threat landscape and resource constraints. BlackBerry has delivered transformative innovation for almost forty years and continues to set a standard in the technology industry. In the field of AI this is evidenced by the company today having more than five times the AI/ML patents than competitors and AI being integrated across the company's product portfolio. Furthermore, BlackBerry earlier this month was one of the first signatories of Canada's voluntary Code of Conduct on the responsible development and management of advanced Generative AI systems. "Generative AI has the potential to deliver tremendous economic value, making it an area of focus for BlackBerry. Our patent portfolio already includes Generative AI," said Charles Eagan, Chief Technology Officer, BlackBerry. "Throughout our innovations we take our commitment to delivering enterprise-grade solutions seriously – innovations that deliver value rather than react to hype – as demonstrated by today's announcement and our being one of the first signatories of Canada's voluntary Generative AI Code of Conduct." BlackBerry's Generative AI powered cybersecurity assistant will initially be made available to a select group of customers. For more information register for BlackBerry Summit, taking place on October 17, where leaders from government, enterprise and BlackBerry will reveal the future of IoT, IT and Cybersecurity and showcase the latest BlackBerry innovations.

Read More

Platform Security

Verizon Holds Cybersecurity Event at NJ Executive Business Center

Verizon | October 13, 2023

Verizon Business has announces hosting a special cybersecurity event on October 18, 2023, marking two decades of cybersecurity consulting services at its New Jersey Executive Business Center. Participants will gain valuable insights into how Verizon is empowering companies to harness the potential of 5G network solutions. Alongside the cybersecurity panel discussion, attendees can expect live demonstrations highlighting Verizon's proficiency in developing exceptionally secure solutions. Verizon Business will host a special media event on October 18, 2023, marking two decades of cybersecurity consulting services and honoring Cybersecurity Awareness Month. The event will feature a panel discussion led by industry experts, including Chris Novak, Managing Director of Verizon Cyber Security Consulting; Sean Atkinson, Chief Information Security Officer at the Center for Internet Security; and Krista Valenzuela, Cyber Threat Outreach and Partnerships at The New Jersey Cybersecurity and Communications Integration Cell (NJCCIC). The panel promises an engaging dialogue encompassing critical themes such as data privacy, AI's influence on cybersecurity, the emergence of voice security, evolving security controls, and other pertinent subjects. Furthermore, the discussion will shed light on the strategies employed by local New Jersey organizations to counteract emerging cyber threats. Attendees will also gain insights into Verizon's role in empowering businesses through innovative 5G network solutions, enhancing security measures, and elevating their overall operations. Managing Director of Verizon Cyber Security Consulting, Chris Novak, said, Raising greater awareness about cybersecurity is the first step in assisting organizations defend against these cyber threats. [Source – Globe Newswire] Novak mentioned that Verizon is utilizing its network's extensive visibility to collect, report, and disseminate actionable insights. These insights can be used by customers and other businesses to tackle advanced cyber threats related to vulnerability exploitation and social engineering. Furthermore, demonstrations highlighting Verizon's proficiency in developing highly secure solutions will be presented in addition to the cybersecurity panel. They include: Coach-to-Coach Communications: Introducing a dependable and secure wireless network solution tailored for NFL coaches, enabling confidential communication on the field. Cashierless Checkout: Utilizing advanced machine learning and computer vision technologies, this innovative solution facilitates autonomous stores at any location. Integrated with 5G UWB and 5G Edge, it redefines the retail experience. Private Wireless Networks: Explore the benefits of premise-based equipment, highlighting the significance of private dedicated networks in enhancing business connectivity and security. Cyber Threat Outreach and Partnerships, NJCCIC, Krista Valenzuela, mentioned, One of the ways we’re harnessing the power of AI in New Jersey is in identifying suspicious and malicious websites to help the State and its critical infrastructure in better defending against these cyber threats. [Source – Globe Newswire]

Read More