Liberty Group Expands its Radware Security Services to Enhance Data Center Protection and Mitigate DDoS Attacks

Rhea-AI Summary

Radware (NASDAQ: RDWR) announced an expansion of its security solutions for Liberty Group Limited, enhancing their cyber defenses with additional DefensePro DDoS Protection and 24x7 Emergency Response Team services. This partnership aims to detect and mitigate millions of cyber-attacks monthly, significantly reducing malicious traffic and improving network performance. Liberty's head of cyber security noted a direct correlation between reduced network load and enhanced customer experience. Radware's solutions secure organizations against various cyber threats, demonstrating its commitment to delivering robust digital security.

Positive

• Expanded security solutions for Liberty Group Limited enhance market presence.
• Significant reduction in malicious network traffic reported by Liberty Group.
• Improved network performance noted, positively impacting customer experience.

Negative

• None.

Significantly reduces malicious network traffic and load, and improves availability

MAHWAH, N.J., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Radware^®, (NASDAQ: RDWR) a leading provider of cyber security and application delivery solutions, today announced that Liberty Group Limited expanded its Radware security defenses with additional DefensePro^® DDoS Protection and 24x7 Emergency Response Team Managed Services. To protect its data centers, the pan-African financial services and insurance organization relies on Radware’s DDoS Protection solution to detect and mitigate millions of different vector attacks a month.

“Working with Radware to optimize our security posture, we’ve been able to significantly reduce malicious network traffic, improve our network and business performance, and lower spending on bandwidth capacity,” said Preston Soobramoney, head of cyber security at Liberty. “Less network load and improved availability translate directly into a better customer experience.”

Part of Radware’s attack mitigation solution, DefensePro provides automated DDoS defense and protection from fast moving, high volume, encrypted or very short duration threats. This includes IoT-based, Burst, DNS, and TLS/SSL attacks to secure organizations against emerging network multi-vector attacks, ransom DDoS campaigns, IoT botnets and other types of cyber-threats. Radware’s Emergency Response Team works 24x7, monitoring and blocking complex attacks to help customers quickly mitigate events and restore operations.

“Liberty has evolved from being a South African life insurer to a pan-African financial services company, serving more than three million people across 18 African countries. The company’s commitment to action and progress extends across its cyber security strategy,” said Roberto Neisser, Radware’s regional director for EMEA. “We look forward to continuing to support Liberty by providing real-time threat intelligence and a comprehensive suite of data center security solutions built to adapt to their business as it grows.”

Radware was recently recognized as a global leader in Forrester’s March 2021 report, “The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021.”

About Radware
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 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, and Radware Mobile for iOS and Android.

©2021 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, we cannot guaranty such additional customer expansion transactions in the future. 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; 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 Contacts:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

 

FAQ

What recent partnership did Radware announce?

Radware announced an expansion of its security solutions partnership with Liberty Group Limited.

How does Radware's DefensePro benefit Liberty Group?

DefensePro provides DDoS protection, significantly reducing malicious traffic and improving network performance.

What is the stock symbol for Radware?

The stock symbol for Radware is RDWR.

What type of attacks does Radware's solution mitigate?

Radware's solution mitigates various types of cyber threats, including DDoS attacks and IoT-based threats.

When was the partnership between Radware and Liberty Group announced?

The partnership was announced on September 22, 2021.