Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, announced that it expanded its
relationship with one of Africa’s leading banking groups and top 10
most valuable African brands. As part of the new agreement, the
customer added Radware’s Cloud Web Application Firewall (WAF)
Service, Bot Manager and Emergency Response Team Services to its
existing Radware solutions. The customer also uses Radware’s
DefensePro® DDoS Protection and hybrid Cloud DDoS Protection
Service.
Today, the financial services institution provides banking
services to millions of customers. With malicious bot attacks
pressuring its infrastructure and disrupting user services, the
bank turned to Radware to bolster its application security. The
customer wanted to more accurately detect and distinguish between
legit customers, good bots, and bad bots as well as improve the
mitigation of a growing array of automated attacks.
“Applications are the core of a financial services business.
They are the primary revenue drivers, growth and retention engines,
and main customer engagement platform,” said Yoav Gazelle,
Radware’s chief business officer. “Radware’s one-stop-shop for
cloud security services keeps banks and their applications
protected against emerging threat vectors as their business grows.
We were able to expand this customer relationship due to the
technical strength and ease of use of our products, quick response
times, seamless onboarding, and dashboard visibility.”
Radware’s application security continues to earn industry
recognition. Radware was named a technology leader in
KuppingerCole’s 2022 Leadership Compass Report for WAFs and
Quadrant Knowledge Solutions’ 2021 SPARK Matrix™: WAF analysis.
Radware’s WAF solution protects users from web application and
OWASP top-10 attacks, access violations, attacks disguised behind
CDNs, API manipulations, advanced HTTP attacks, brute force
attacks, and other threats.
Radware was also named the technology leader in Quadrant
Knowledge Solutions’ 2022 SPARK Matrix: Bot Management analysis,
marking the third consecutive year the company received this
recognition. Radware Bot Manager combines behavioral modeling for
granular intent analysis, collective bot intelligence, and
fingerprinting of browsers, devices, and machines to defend web
applications, mobile apps, and APIs from automated threats and
advanced human-like bots.
For customers facing application- and network-layer DDoS
attacks, Radware’s Emergency Response Team 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 threat
intelligence.
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.
©2023 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
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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,”
“should,” “would,” “may,” and “could.” For example, when we say
that we are able to win customers due to our technical strength and
ease of use of our products, quick response times, seamless
onboarding, and dashboard visibility, 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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