BOTS, Inc., a global tech firm that specialises in Blockchain-based solutions such as decentralized finance applications for the financial industry, consulting, mining equipment repair, cybersecurity solutions, crypto mining and insurance, announced that its subsidiary, Cyber Security Group LLC, has launched Web Application Firewall (WAF), a proprietary software solution to protect web applications.
The cybersecurity market is being driven by rising cybersecurity events and rules demanding their reporting. Cybercrime, which includes data damage and destruction, stolen money, lost property, intellectual property theft, and other sectors, costs the globe around USD 600 billion each year, according to the Center for Strategic and International Studies (CSIS) and McAfee.
WAF protects against application vulnerabilities and data breaches. The following are some important advantages:
- Protection from web attacks and DDoS
- Controls access and authentication
- Automates and orchestrates security
- Protects applications and APIs
- Protects against business logic attacks
- Protects ecosystem around Blockchain
- Blocks malicious bots and automated attacks
- Protects from XSS & SQL injections
BOTS’ Cyber Security Group LLC subsidiary is an ISO/IEC 27001:2013 certified Information Security Management System that seeks to capitalise on the fast-growing worldwide cyber security market with its exclusive range of SaaS products. WAF has been successfully battle-tested by financial services and e-commerce enterprises over a two-year pilot program and is now available to businesses all across the world.