Radware®, a leading provider of cyber security and application
delivery solutions, announced it signed an agreement to provide
DDoS protection for one of Europe’s leading financial groups. The
financial group turned to Radware as geopolitical tensions and DDoS
attacks continued to rise and outpace the limitations of the DDoS
solution provided by the group’s internet service provider.
“The first half of 2023 has seen deliberate efforts by malicious
actors to intensify the DDoS assault, driving a surge in attacks
that are growing in size and complexity,” said Yoav Gazelle,
Radware’s chief business officer. “The European financial group
selected Radware for our deep bench of technical expertise, the
superiority of our DDoS protection, and our ability to continuously
adapt to the shifting demands of the threat landscape.”
Radware secured the agreement in partnership with CLICO
Solutions. The value-added distributor of cybersecurity,
networking, and management solutions is one of the largest
value-added distributors in Central and Eastern Europe.
Today, the European financial group supports hundreds of retail
units and a range of banking services, including internet, mobile,
and phone banking as well as ecommerce. To increase its DDoS
defenses, the group purchased Radware’s hybrid Cloud DDoS
Protection Service and recently released DefensePro® X DDoS
Protection. DefensePro X works with the Radware Cyber Controller to
provide a single location for traffic visibility, robust analytics,
and advanced security operations.
The combined solution leverages patented behavioral-based
detection as well as advanced, automated signature creation and web
DDoS attack mitigation to protect organizations against today’s
most damaging DDoS threats. This includes Burst, DNS, and Web DDoS
Tsunami attacks along with ransom DDoS campaigns, IoT botnets,
phantom floods, and other types of cyber threats.
Radware has received numerous awards for its DDoS mitigation,
application and API protection, web application firewall, and bot
detection and management 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 of cyber security and application delivery solutions
for physical, cloud, and software defined data centers. Its
award-winning solutions portfolio secures the digital experience by
providing infrastructure, application, and corporate IT protection,
and availability services to enterprises globally. Radware’s
solutions empower enterprise and carrier customers worldwide to
adapt to market challenges quickly, maintain business continuity,
and achieve maximum productivity while keeping costs down. For more
information, please visit the Radware website.
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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,”
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that we have the ability to continuously adapt to the shifting
demands of the threat landscape, we are using a forward-looking
statement. 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
and volatility of the market for our products; natural disasters
and public health crises, such as the coronavirus disease 2019
(COVID-19) pandemic; 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; our ability to successfully implement our strategic
initiative to accelerate our cloud business; our ability to expand
our operations effectively; timely availability and customer
acceptance of our new and existing solutions; risks and
uncertainties relating to acquisitions or other investments; the
impact of economic and political uncertainties and weaknesses in
various regions of the world, including the commencement or
escalation of hostilities or acts of terrorism; intense competition
in the market for cyber security and application delivery solutions
and in our industry in general, and changes in the competitive
landscape; changes in government regulation; outages,
interruptions, or delays in hosting services or our internal
network system; compliance with open source and third-party
licenses; the risk that our intangible assets or goodwill may
become impaired; our dependence on independent distributors to sell
our products; long sales cycles for our solutions; changes in
foreign currency exchange rates; undetected defects or errors in
our products or a failure of our products to protect against
malicious attacks; the availability of components and manufacturing
capacity; the ability of vendors to provide our hardware platforms
and components for our main accessories; our ability to protect our
proprietary technology; intellectual property infringement claims
made by third parties; changes in tax laws; our ability to realize
our investment objectives for our cash and liquid investments; our
ability to attract, train, and retain highly qualified personnel;
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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