Multimillion-dollar deal addresses global surge in volumetric Web DDoS attacks
MAHWAH, N.J., Sept. 18, 2024 (GLOBE NEWSWIRE) -- 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 Radware
Radware® (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.
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Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com
