Radware Expands its Cloud Security Offering with a New Threat Intelligence Service

Rhea-AI Summary

Radware (NASDAQ: RDWR) has introduced a new Threat Intelligence Service to enhance its cloud security platform. This service aims to help security teams improve threat detection, identify compromised systems, and reduce mean time to response (MTTR). Key features include:

1. Near real-time intelligence from active Layer 3 to Layer 7 cyber-attacks in production environments.
2. Cross-correlation with third-party sources for more accurate data.
3. Enrichment of SOC and SIEM systems for deeper analysis.
4. Reputation Alerts to identify potential cyber-attacks originating within customer networks.
5. Preemptive warnings to prevent system downtime and service disruption.

The service is part of Radware's AI-powered cloud security platform, which includes web application, bot management, API, client-side, and DDoS protections, as well as various delivery services.

Positive

• Introduction of a new Threat Intelligence Service to enhance cloud security offerings
• Provision of real-time, actionable attack data from production environments
• Improved accuracy through cross-correlation with third-party sources
• Enhanced threat detection and reduced mean time to response (MTTR) for customers
• Expansion of Radware's cloud security platform capabilities

Negative

• None.

Insights

Cybersecurity Analyst

Radware's new Threat Intelligence Service represents a significant advancement in real-time threat detection and response capabilities. By leveraging actual attack data from production environments, this service offers more accurate and timely intelligence compared to traditional crowdsourced or honeypot-based solutions.

The key differentiators include:

• Near real-time intelligence from active Layer 3-7 attacks
• Cross-correlation with third-party sources for enhanced accuracy
• Automated Reputation Alerts for brand protection
• Preemptive warnings to prevent service disruptions

This expansion of Radware's cloud security platform could potentially reduce mean time to response (MTTR) and improve overall security posture for their customers. However, the true impact will depend on the service's adoption rate and its performance in real-world scenarios.

Market Research Analyst

The introduction of Radware's Threat Intelligence Service aligns with the growing demand for advanced cybersecurity solutions in the rapidly evolving threat landscape. This move could potentially strengthen Radware's market position and competitive edge in the cloud security sector.

Key market implications include:

• Potential increase in Radware's market share within the cloud security segment
• Enhanced customer retention through a more comprehensive security offering
• Possible revenue growth from upselling existing customers and attracting new ones

Given Radware's current market cap of $941,106,135, this service expansion could positively impact the company's valuation if it gains traction. However, investors should monitor adoption rates and customer feedback to gauge its long-term success and impact on Radware's financial performance.

Delivers unique, real-time data on application and data center threats to improve threat detection and mean time to response (MTTR)

MAHWAH, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today introduced a new Threat Intelligence Service designed to help security operation center (SOC) teams, threat researchers, and incident responders enhance threat detection, identify compromised systems, and ultimately lower MTTR. The service, which is an expansion of Radware’s cloud security platform, offers them unique, real-time intelligence and pre-emptive warnings about potential network attacks so they can make more informed decisions about application and data center threats.

“Through our new Threat Intelligence Service, Radware is opening the door for customers to access the high-value attack data that we use internally,” said Gabi Malka, Radware’s chief operating officer. “This is not your standard crowdsourced intelligence. Our new service is unique in its ability to transform real-time, actionable attack data into enriched, contextual information. Our goal is to help security teams conduct even more precise and timely analyses and accelerate the detection of threat patterns and anomalies that might otherwise go unnoticed.”

Given the evolving nature of today’s threat landscape, incident management can be challenging and inefficient. Dealing with and prioritizing multiple events simultaneously without real-time visibility and clear data on the sources adds a layer of complexity for security teams that are already understaffed.

Several key features distinguish Radware’s new Threat Intelligence Service in the marketplace:

• Radware offers customers near real-time intelligence and actionable data generated from active real-world Layer 3 to Layer 7 cyber-attacks observed in production environments. The new service does not rely on predefined honeypot traffic or a typical crowdsourcing model, where intelligence commonly faces delays waiting for input from multiple sources.
• Using cross-correlation with third-party sources and real-world data unbiased by honeypot traffic, Radware provides customers more relevant and more accurate intelligence. The new service is designed to enrich the quality and depth of data in SOC and security information management (SIEM) systems so security teams can conduct deeper analyses of security events, make more informed decisions, improve threat detection, and reduce MTTR.
• To help customers protect their brand reputation, Radware’s new service identifies potential cyber-attacks originating within their networks. It automatically informs them by filtering millions of events and correlating relevant IP addresses into unique email-based Reputation Alerts.
• Radware helps customers future proof business continuity by issuing preemptive warnings when IP addresses are used for malicious activity and before outbound traffic blocks occur. This enables security teams to take swift action and prevent system downtime and service disruption.

Radware’s one-stop cloud security platform is infused with multiple layers of AI-powered intelligence and capabilities. The platform includes the company’s web application, bot management, and API, client side, and DDoS protections. It also includes delivery services such as its CDN, Load Balancer as a Service, Domain Name System as a Service, and Network Analytics Service.

Radware has received numerous awards for its solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, IDC, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cybersecurity.

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.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

©2024 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 in this press release that our goal is to help security teams conduct even more precise and timely analyses and accelerate the detection of threat patterns and anomalies that might otherwise go unnoticed, we are using forward-looking statements. 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, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; 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; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; 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 Dyrek
Radware
Gerri.Dyrek@radware.com

FAQ

What is Radware's new Threat Intelligence Service?

Radware's new Threat Intelligence Service is an expansion of its cloud security platform designed to provide real-time intelligence and pre-emptive warnings about potential network attacks to help security teams enhance threat detection, identify compromised systems, and lower mean time to response (MTTR).

How does Radware's Threat Intelligence Service differ from competitors?

Radware's service offers near real-time intelligence from active Layer 3 to Layer 7 cyber-attacks in production environments, unlike typical crowdsourced models. It uses cross-correlation with third-party sources and real-world data unbiased by honeypot traffic, providing more relevant and accurate intelligence.

What are the key features of Radware's (RDWR) new Threat Intelligence Service?

Key features include near real-time intelligence from active cyber-attacks, cross-correlation with third-party sources, enrichment of SOC and SIEM systems, Reputation Alerts for identifying potential cyber-attacks within customer networks, and preemptive warnings to prevent system downtime and service disruption.

How does Radware's Threat Intelligence Service help improve security operations?

The service helps security teams conduct more precise and timely analyses, accelerate the detection of threat patterns and anomalies, make more informed decisions about application and data center threats, and ultimately reduce mean time to response (MTTR).