Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, announced it expanded its
relationship with a Fortune 500 financial services provider in a
multimillion-dollar deal. The multinational industry leader
extended its investment in Radware’s Application
Protection-as-a-Service beyond DDoS protection to include Radware's
Cloud Web Application Firewall (WAF), API Protection, and Bot
Manager.
Responsible for its customers’ public-facing websites, the
financial services provider was under constant cyberattacks. To
protect its network and application infrastructure along with the
millions of merchants and thousands of financial institutions it
supports, the provider turned to Radware to increase its cyber
defenses across multiple dimensions, including automation,
efficacy, and visibility.
“The banking industry is fueled by frictionless customer
experiences and high-value, sensitive data, making it an extremely
attractive target for cyber criminals,” said Yoav Gazelle,
Radware’s chief business officer. “As a leader in merchant banking
solutions, a state-of-the-art attack detection and mitigation
capacity was critical to this company’s business and reputation.
We’ve been able to grow this relationship because we continue to
demonstrate that our experience, solutions, and support are aligned
with the advanced security and network requirements this industry
demands.”
To deliver a higher level of application security with lower
false positives, Radware’s Application Protection-as-a-Service
combines negative and positive security with automated,
machine-learning based algorithms that continuously study
application traffic and end-user behavior. The cloud-based service
protects against both zero-day and bad-bot attacks.
Radware’s cyber security solutions continue to earn industry
recognition. Recently, GigaOm named Radware a Leader and
Outperformer in the Innovation Hemisphere of its Application and
API Protection Radar report. In addition, the company was
recognized as a Product, Innovation, Market, and Overall Leader in
KuppingerCole’s 2022 Leadership Compass report for Web Application
Firewalls (WAF). Quadrant Knowledge Solutions named Radware a
leader in its 2021 SPARK Matrix: Bot Management report.
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:
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©2022 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 cloud-based service delivers a higher level of application
security with lower false positives, 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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