Radware Reported FY24 Malicious Web Application and API Transactions Increase Of 171% Driven By Layer 7 Web DDoS Attacks
Portfolio Pulse from Benzinga Newsdesk
Radware reported a significant increase of 171% in malicious web application and API transactions for FY24, primarily driven by Layer 7 Web DDoS attacks. This highlights a growing threat in cybersecurity, emphasizing the importance of advanced protection measures.
February 29, 2024 | 11:20 am
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Radware's report of a 171% increase in malicious transactions due to DDoS attacks underscores the growing cybersecurity threats and the company's pivotal role in combating them.
The significant increase in malicious transactions reported by Radware for FY24, driven by Layer 7 Web DDoS attacks, highlights the escalating cybersecurity threats. This could potentially lead to increased demand for Radware's cybersecurity solutions, positively impacting its stock price in the short term. The report directly involves Radware, making it highly relevant and important for investors.
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