Top Bank Sought an Immediate Solution for Increased Capacity for Legitimate Traffic, Protection from Malicious Attacks, as Well as Updated Licensing Terms
MAHWAH, N.J., April 16, 2020 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced today that a major global bank has purchased additional Radware DDoS attack mitigation solutions in a multi-million dollar deal to protect the increased capacity within its largest data centers. The expansion will help the bank manage the significant increase in traffic and increased security requirements necessary to support a pivot to a remote workforce, which it is experiencing as a result of the coronavirus pandemic.
The bank’s security team, a long-standing Radware customer, identified the need to increase its capacity for legitimate traffic when it shifted to a workforce. Remote access is now a critical service for the productivity of the entire business and as such must be better protected against attacks that will risk the availability of the remote workforce infrastructure. Radware’s team quickly mobilized to increase the capacity on the licenses for existing inline assets by 100 percent.
“We’re working closely with large enterprises like banks to meet the changing dynamics of their business and support the availability of their work from home initiatives even under attacks,” said Roy Zisapel, Radware Chief Executive Officer. “This customer quickly recognized that its technology needed to adapt to the internal and external shifts it is facing, including a larger remote workforce and increases in digital payment processing, and our technology was deployed quickly and effectively to protect these servcies.”
Radware’s DefensePro attack mitigation solutions are built to overcome both the complexity and scale of today’s sophisticated IoT-based botnets and other threats to data centers. It relies on first-in-class behavioral-based algorithms to protect from known DNS attacks in the most cost effective way and provides in-the-box, patented SSL attack mitigation that provides the lowest latency, most efficient SSL attack protection with the widest coverage from SSL-based DDoS attacks, including DNS and SSL attacks.
Radware® (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 more than 12,500 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 www.radware.com.
Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, Radware Mobile for iOS and Android, and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.
©2020 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.
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.” 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: natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; outages, interruptions or delays in hosting services or our internal network system; compliance with open source and third-party licenses; 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; 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.