Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, announced it signed an agreement
with a leading European financial institution. Ranking among its
country’s five largest banks in terms of total assets, the
organization purchased Radware’s complete suite of network and
application security and application delivery solutions.
Today, the bank, which has offices in more than 50
countries and thousands of employees, delivers a comprehensive set
of financial services to private, corporate, and institutional
clients. The bank decided to replace its existing security
solutions provider to strengthen its protection against emerging
threat vectors and enhance data availability and accessibility. In
addition, the bank wanted to consolidate its security services
under one vendor umbrella, including a web application firewall,
API and DDoS protection, and bot detection and management. The
company turned to Radware for its integrated, end-to-end
solution.
“We are proud to be awarded the business and trust
of prominent banks from around the world. It is a testament to
Radware’s technology, service superiority, and spirit of
partnership,” said Yoav Gazelle, Radware’s chief business officer.
“Regardless of geography, companies are experiencing an alarming
escalation in the sophistication of cyber attacks, making them even
more difficult to detect and mitigate. They rely on Radware for
real-time, 360-degree protection that consistently and
automatically adapts to threats as they evolve and emerge across
environments and entry points.”
Radware’s integrated, end-to-end network and
application security solutions harness machine learning and
powerful patented behavioral-based algorithms to automatically
identify and adapt to changes in the threat landscape,
applications, and infrastructure. Its broad footprint makes it an
ideal solution for organizations interested in consolidating
security platforms to enhance visibility and make maintenance
easier and more cost effective.
To uplevel the cyber defenses across its hybrid
environment, the bank selected Radware’s DefensePro® X DDoS
Protection platform and Cloud DDoS Protection Service, as well as
its Alteon® integrated application protection suite, Alteon Global
Elastic License (GEL), and 24X7 Emergency Response Team (ERT)
managed services.
Radware’s Alteon suite offers comprehensive
application protection via embedded web application firewall, bot
management and API protection capabilities. It defends against a
wide range of threats, including OWASP vulnerabilities, bad bots,
zero-day and supply chain attacks, and API assaults. Accompanied by
Radware’s GEL, companies can allocate their application security
services across any private or public cloud environment at a
moment’s notice without jeopardizing their initial investment.
Using advanced behavioral algorithms, Radware’s
combined DDoS defense is designed to detect and block harmful
traffic, ensure uninterrupted availability, and protect networks
from today’s most damaging threats. This includes Burst, DNS, and
network and application DDoS attacks along with ransom DDoS
campaigns, IoT botnets, phantom floods, and other types of cyber
threats.
Radware has received numerous awards for its
application and network security 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.
Radware encourages you to join our community and
follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube,
and Radware Mobile for iOS and Android.
©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 that our 360-degree protection consistently and
automatically adapts to threats as they evolve, 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; the effects of the current attacks by the terrorist
groups Hamas and Hezbollah, and the war between Israel and Hamas
and Israel and Hezbollah; 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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