Radware® (NASDAQ: RDWR), a global leader in application security
and delivery solutions for multi-cloud environments, today
announced it closed a multimillion-dollar expansion deal with a
leading European stock exchange. The multinational leader upgraded
its Radware DDoS Protection Services to include Radware’s recently
released DefensePro® X and Cyber Controller as well as its
Emergency Response Team (ERT) managed services.
The international financial exchange, which has thousands of
employees worldwide, enhanced its always-on hybrid DDoS protection
to further strengthen its cyber defenses and address the global
surge in high-intensity, volumetric attacks. This includes
protection against Web DDoS attacks, a new aggressive form of HTTP
Flood that targets Layer 7. According to Radware’s H1 2024 Global
Threat Analysis Report, Web DDoS attacks surged globally 265%
during the first six months of this year compared to the second
half of 2023.
“The growing threat of increasingly sophisticated Web DDoS
attacks fueled by worldwide geopolitical tensions and ideological
and religious motivations continue to influence customer buying
decisions,” said Yoav Gazelle, Radware’s chief business officer.
“The shifts in the threat landscape demand automated, real-time
protection that operates at a high level of performance and scale,
surgically blocking malicious traffic without disrupting legitimate
requests – and that’s what our DefensePro X is designed to do.”
Financial services organizations are high-value targets for
cyber attacks because successfully disrupting operations, for even
a moment, can lead to severe reputational risks and distrust in the
global financial system. In addition, these organizations can serve
as a tactical advantage in hybrid warfare.
Using AI-powered advanced behavioral algorithms, DefensePro X
provides automated, adaptive DDoS protection from fast-moving,
high-volume, encrypted or zero-day threats. It defends against
IoT-based, Burst, DNS and TLS/SSL attacks, ransom DDoS campaigns,
IoT botnets, phantom floods, and other types of cyber threats.
To oversee the complete DDoS protection lifecycle and speed time
to mitigation, DefensePro X works with the Radware Cyber
Controller. The state-of-the-art management, security operations,
and orchestration system provides a single location for traffic
visibility, robust analytics, and advanced security operations.
For customers facing application- and network-layer DDoS
attacks, Radware’s Emergency Response Team (ERT) provides 24x7
support and mitigation services. The group of security experts
bolsters an organization’s security capabilities and resources by
leveraging industry-leading experience, best practices, and
real-time, AI-powered threat intelligence.
Powered by and infused with the AI-based intelligence and GenAI
capabilities, Radware’s network and application security solutions
protect legitimate user experiences while minimizing false
positives and the need for human intervention. Radware has received
numerous awards for its solutions. Industry analysts such as
Aite-Novarica Group, Forrester Research, Gartner, GigaOm,
KuppingerCole, and Quadrant Knowledge Solutions continue to
recognize Radware as a market leader in cyber security.
About RadwareRadware® (NASDAQ: RDWR) is a
global leader in application security and delivery solutions for
multi-cloud environments. The company’s cloud application,
infrastructure, and API security solutions use AI-driven algorithms
for precise, hands-free, real-time protection from the most
sophisticated web, application, and DDoS attacks, API abuse, and
bad bots. Enterprises and carriers worldwide rely on Radware’s
solutions to address evolving cybersecurity challenges and protect
their brands and business operations while reducing costs. For more
information, please visit the Radware website.
Radware encourages you to join our community and follow us on:
Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware Mobile
for iOS.
©2024 Radware Ltd. All rights reserved. Any Radware products and
solutions mentioned in this press release are protected by
trademarks, patents, and pending patent applications of Radware in
the U.S. and other countries. For more details, please
see: https://www.radware.com/LegalNotice/. All other
trademarks and names are property of their respective owners.
Radware believes the information in this document is accurate in
all material respects as of its publication date. However, the
information is provided without any express, statutory, or implied
warranties and is subject to change without notice.
The contents of any website or hyperlinks mentioned in this
press release are for informational purposes and the contents
thereof are not part of this press release.
Safe Harbor Statement This press release
includes “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
made herein that are not statements of historical fact, including
statements about Radware’s plans, outlook, beliefs, or opinions,
are forward-looking statements. Generally, forward-looking
statements may be identified by words such as “believes,”
“expects,” “anticipates,” “intends,” “estimates,” “plans,” and
similar expressions or future or conditional verbs such as “will,”
“should,” “would,” “may,” and “could.” For example, when we say in
this press release that the growing threat of increasingly
sophisticated Web DDoS attacks fueled by worldwide geopolitical
tensions and ideological and religious motivations continue to
influence customer buying decisions, we are using forward-looking
statements. Because such statements deal with future events, they
are subject to various risks and uncertainties, and actual results,
expressed or implied by such forward-looking statements, could
differ materially from Radware’s current forecasts and estimates.
Factors that could cause or contribute to such differences include,
but are not limited to: the impact of global economic conditions,
including as a result of the state of war declared in Israel in
October 2023 and instability in the Middle East, the war in
Ukraine, and the tensions between China and Taiwan; our dependence
on independent distributors to sell our products; our ability to
manage our anticipated growth effectively; a shortage of components
or manufacturing capacity could cause a delay in our ability to
fulfill orders or increase our manufacturing costs; our business
may be affected by sanctions, export controls, and similar
measures, targeting Russia and other countries and territories, as
well as other responses to Russia’s military conflict in Ukraine,
including indefinite suspension of operations in Russia and
dealings with Russian entities by many multi-national businesses
across a variety of industries; the ability of vendors to provide
our hardware platforms and components for the manufacture of our
products; our ability to attract, train, and retain highly
qualified personnel; intense competition in the market for cyber
security and application delivery solutions and in our industry in
general, and changes in the competitive landscape; our ability to
develop new solutions and enhance existing solutions; the impact to
our reputation and business in the event of real or perceived
shortcomings, defects, or vulnerabilities in our solutions, if our
end-users experience security breaches, if our information
technology systems and data, or those of our service providers and
other contractors, are compromised by cyber-attackers or other
malicious actors or by a critical system failure; outages,
interruptions, or delays in hosting services; the risks associated
with our global operations, such as difficulties and costs of
staffing and managing foreign operations, compliance costs arising
from host country laws or regulations, partial or total
expropriation, export duties and quotas, local tax exposure,
economic or political instability, including as a result of
insurrection, war, natural disasters, and major environmental,
climate, or public health concerns, such as the COVID-19 pandemic;
our net losses in the past two years and possibility we may incur
losses in the future; a slowdown in the growth of the cyber
security and application delivery solutions market or in the
development of the market for our cloud-based solutions; long sales
cycles for our solutions; risks and uncertainties relating to
acquisitions or other investments; risks associated with doing
business in countries with a history of corruption or with foreign
governments; changes in foreign currency exchange rates; risks
associated with undetected defects or errors in our products; our
ability to protect our proprietary technology; intellectual
property infringement claims made by third parties; laws,
regulations, and industry standards affecting our business;
compliance with open source and third-party licenses; and other
factors and risks over which we may have little or no control. This
list is intended to identify only certain of the principal factors
that could cause actual results to differ. For a more detailed
description of the risks and uncertainties affecting Radware, refer
to Radware’s Annual Report on Form 20-F, filed with the Securities
and Exchange Commission (SEC), and the other risk factors discussed
from time to time by Radware in reports filed with, or furnished
to, the SEC. Forward-looking statements speak only as of the date
on which they are made and, except as required by applicable law,
Radware undertakes no commitment to revise or update any
forward-looking statement in order to reflect events or
circumstances after the date any such statement is made. Radware’s
public filings are available from the SEC’s website at www.sec.gov
or may be obtained on Radware’s website at www.radware.com.
Media Contact:Gerri
DyrekRadwareGerri.Dyrek@radware.com
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