Denver, CO, – March 05, 2020 – ThreatX, the leading provider of SaaS-based web application and API protection (WAAP) solutions, today announced that Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine, has named ThreatX the winner in the 2020 CDM Global Awards. ThreatX was recognized in the “Next Gen Web Application Security” category. This is Cyber Defense Magazine’s eighth year honoring the most innovative and valuable cyber defense companies from around the globe.
“Winning this year’s Next-Gen Web Application Security category in CDM’s Global InfoSec Awards validates ThreatX’s innovative approach to application security built to address many of the operational headaches associated with legacy WAFs,” said Bret Settle, Chief Executive Officer and Co-Founder at ThreatX. “Rapid proliferation of modern applications, APIs and microservices is drastically increasing the complexity and footprint of today’s threat landscape for every enterprise and demands a fresh security perspective to keep up.”
ThreatX is challenging the established standards of web application protection that have left many organizations exposed and at risk. Its behavior-based WAAP solution protects applications and APIs from cyber threats across cloud, on-premise or hybrid environments. Unlike legacy WAFs that rely on signatures, static rules, and single attacks, ThreatX builds a dynamic profile of every threat actor as they move through the threat lifecycle and can block, and unblock, those actors appropriately based defined risk-based criteria over time.
“ThreatX embodies three major features the judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways to help detect and prevent automated attacks to web apps,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
Gartner predicts that by 2022, APIs will be the most frequent attack vector leading to breaches for web applications. This is reinforced by OWASP’s first iteration of the API Security Top 10, released in late 2019. The ThreatX platform responds to this critical need by enabling organizations to secure their applications from a full spectrum of threats, including traditional attacks, bots, targeted attacks, DDoS and more.