American company BOTS and cyber security group launched FIREWALL web application (WAF) in the world's 156 billion dollar cyber security market
The global cyber security market will reach $352 billion by 2026!
CYBSECGROUP
American company BOTS and cyber security group launched FIREWALL web application (WAF) in the world's 156 billion dollar cyber security market
The global cyber security market will reach $352 billion by 2026!
Jul 7, 2021 - 21:12Updated: Jul 10, 2021 - 14:43729
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American company BOTS and cyber security group launched FIREWALL web application (WAF) in the world's 156 billion dollar cyber security market
BOTS is an international technology company specializing in several areas. These include decentralized financial applications for relevant industries, cybersecurity technologies, crypto mining, consulting, and more. It should be noted that the company uses blockchain-based technology for the operation of its products. On July 7, 2021, it was announced that a cyber security group affiliated with BOTS had introduced a Web Application Firewall (WAF) to the market. WAF aims to protect businesses from cybercrime.
In 2020, the value of the global cyber security market was estimated at USD 156 billion. According to the report of Mordor Intelligence, this figure will increase to 352 billion USD by 2026.
The BOTS Cyber Security Web Application is available for businesses of any size and can be purchased from the Cyber Security Group's website.
The growth of cybercrime and the introduction of relevant regulations require their reporting, on the basis of which the cyber security market is being formed. According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime, which includes damage and destruction of data, theft of money, theft of property or intellectual property and other areas, causes losses of 600 billion US dollars worldwide every year.
- WAF provides protection against application and database vulnerabilities. Some of its key features are:
- protection against web attacks and DDoS;
- ensuring the security of applications and its programming interface (API);
- stop malicious bots and automated cyber attacks;
- access and authorization control;
- security automation and management;
- Avoiding XSS and SQL injections;
- protection from business logic attacks;
- Protecting the ecosystem related to blockchain issues.
Cyber Security Group LLC, a subsidiary of BOTS, is a certified (ISO/IEC 27001:2013) Information Security Management System, aiming to enter the rapidly growing global cyber security market with its own portfolio of Software as a Service (SaaS). WAF has been successfully tested in a two-year pilot mode. Initially, the testers of the web application were financial services providers and e-commerce companies, but now it has become available to any business worldwide.
