Firewalls Put Drag on Organizations: Report

According to a new report, organizations are frustrated that so many attacks are bypassing their web application firewalls.

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Ineffective protection, time-consuming management, and high ownership costs factor into dissatisfaction among many organizations, including financial services, about web application firewalls as their front-line security strategy for apps and interfaces.

The report, “The State of Web Application Firewalls,” from Sunnyvale, Calif.-based Cequence Security, which delivers automated software solutions to protect the web, mobile, and API services, and Ponemon Institute showed only 40% of organizations are satisfied with their WAF.

“The research clearly reveals WAF dissatisfaction in three areas,” Dr. Larry Ponemon, chair and founder of Ponemon Institute, said. “First, organizations are frustrated that so many attacks are bypassing their WAFs and compromising business-critical applications. In addition, they are experiencing the pain of continuous, time-consuming WAF configuration, and administration tasks. Lastly, they’re dealing with significant annual costs associated with WAF ownership and staffing.”

Franklyn Jones, CMO of Cequence Security, also said. “Intelligent automation and consolidation of application security functions are definitely two critical requirements we’re seeing regularly with our hyper-connected customers. They rely on web, mobile, and API-based applications to link customers, partners, and suppliers across their digital ecosystem. And they need an intelligent, integrated application security solution that can protect them against a broad range of sophisticated attacks.”

Among the report’s findings:

The report, completed in April 2019, included findings from 595 respondents in 16 vertical markets. The majority have offices globally; 100% of respondents are responsible for WAF deployments in their organization. They have each deployed 158 web, mobile, and API-based applications, on premises and in the cloud. Financial services (18% of respondents), which included banking, investment management, insurance, brokerage, payments and credit cards, was the largest industry focus.