They provide several IP blacklists. None of those seem to be false positives. You can also add custom 3rd party blocklists.
They also provide several different rulesets. It is up to you to choose which ones to use and fine tune. LLMs can be very helpful with that.
And there are 3rd party dashboards and tools that help you manage it more easily.
I use the free version as a simple WAF on multiple servers and it blocks a lot of bots. It did require some initial finetuning though.
Are there any better open source solutions?