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San Francisco, CA, June 25, 2024 – Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today published its State of Application Security 2024 Report. Findings from this year's report reveal that security teams are struggling to keep pace with the risks posed by organizations’ dependency on modern applications—the technology that underpins all of today’s most used sites. The report underscores that the volume of threats stemming from issues in the software supply chain, increasing number of distributed denial of service (DDoS) attacks and malicious bots, often exceed the resources of dedicated application security teams.
Today’s digital world runs on web applications and APIs. They allow ecommerce sites to accept payments, healthcare systems to securely share patient data, and power activities we do on our phones. However, the more we rely on these applications, the more the attack surface expands. This is further magnified by the demand for developers to quickly deliver new features—e.g., capabilities driven by generative AI. But if unprotected, exploited applications can lead to the disruption of businesses, financial losses, and the collapse of critical infrastructure.
“Web Applications are rarely built with security in mind. Yet, we use them daily for all sorts of critical functions, making them a rich target for hackers,” said Matthew Prince, co-founder and CEO at Cloudflare. “Cloudflare's network blocks an average of 209 billion cyber threats for our customers every single day. The layer of security around today’s applications has become one of the most essential pieces to making sure the Internet stays secure.”
Key findings from Cloudflare’s State of Application Security 2024 Report include:
Report Methodology: This report is based on aggregated traffic patterns (observed from April 1, 2023 - March 31, 2024) across the Cloudflare global network. This data and threat intelligence from Cloudflare’s network has been complemented by third-party sources, as cited throughout the report. Cloudflare mitigated 6.8% of all web application and API traffic during the data collection period. Mitigated traffic is defined as any traffic that is blocked or is served a challenge by Cloudflare. The specific threat type and relevant mitigation technique depend on many factors, such as the application’s potential security gaps, the nature of the victim’s business and the attacker’s goals.
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About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company on a mission to help build a better Internet. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at https://radar.cloudflare.com.
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