A web application firewall (WAF) protects web applications by monitoring and blocking harmful HTTP traffic, focusing on application layer threats like SQL injections and cross-site scripting. Cloud-based WAF solutions like AWS and Azure offer flexible and scalable protection, and their advanced features, including real-time monitoring and customizable rules, enhance security against DDoS attacks and other vulnerabilities. Proper deployment practices and adherence to OWASP compliance help organizations maintain robust cybersecurity strategies.