Radware Launches EPIC-AI to Deliver New AI-Powered Intelligence and GenAI Capabilities Across its Security Solutions and Services

Rhea-AI Summary

Radware (NASDAQ: RDWR) has launched EPIC-AI, a proprietary AI-powered intelligence system that enhances its security solutions and services. EPIC-AI aims to improve real-time attack detection, reduce mean time to resolution, and provide consistent protection across cloud, on-premises, and hybrid environments. The system incorporates AI and generative AI algorithms to combat evolving cyberthreats and address the challenges of automated attacks, stricter regulations, and cybersecurity expert shortages.

Key features of EPIC-AI include:

• Integration across multiple enforcement points
• Real-time cloud protection engines with AI-powered defenses
• Cross-platform AI reasoning for preemptive blocking
• AI-Driven SOC capabilities for managed services

Radware's AI-based approach has been recognized by industry analysts, with GigaOm awarding the company top scores for AI-enhanced vulnerability detection in its 2024 Radar for Application and API Security Report.

Positive

• Launch of EPIC-AI, enhancing Radware's security solutions with AI and generative AI capabilities
• Top score in GigaOm's 2024 Radar for Application and API Security Report for AI-enhanced vulnerability detection
• Integration across multiple enforcement points for consistent protection in various environments
• Real-time cloud protection engines with AI-powered defenses against various threats
• Cross-platform AI reasoning for preemptive blocking of malicious sources
• AI-Driven SOC capabilities reducing mean time to resolution from days to minutes

Negative

• None.

Tech Expert

Radware's launch of EPIC-AI represents a significant leap forward in AI-powered cybersecurity solutions. This development is particularly noteworthy given the increasing sophistication of cyber threats and the growing use of AI in attack methodologies. Here are the key implications:

• Enhanced Protection: EPIC-AI's multi-layered approach, integrating across various enforcement points, promises more comprehensive and consistent security across different environments. This is important in today's hybrid cloud landscape.
• Real-time Threat Response: The AI-powered engines for Web DDoS, DNS, bot and API protection suggest a more proactive and adaptive defense mechanism. This could significantly reduce response times to emerging threats.
• Cross-platform Intelligence: The ability to correlate threat intelligence across different protection engines is a standout feature. This holistic approach could be a game-changer in preemptively blocking sophisticated, multi-vector attacks.
• Operational Efficiency: The AI-Driven SOC capabilities aim to reduce mean time to resolution from days to minutes. This could lead to substantial cost savings and improved security posture for organizations.

While the potential benefits are clear, it's important to note that the effectiveness of AI in cybersecurity is still evolving. The true test of EPIC-AI will be its performance in real-world scenarios against increasingly sophisticated AI-driven attacks. Investors should monitor customer adoption rates and independent security evaluations to gauge the long-term impact on Radware's market position and financial performance.

Financial Analyst

Radware's introduction of EPIC-AI is a strategic move that could potentially strengthen its market position and financial outlook. Here's my analysis:

• Market Differentiation: The GigaOm report's recognition of Radware as the only vendor with a top score in AI-enhanced vulnerability detection is a significant competitive advantage. This unique selling proposition could drive customer acquisition and retention.
• Revenue Growth Potential: By addressing critical pain points such as the cybersecurity skills shortage and the need for consistent protection across diverse environments, EPIC-AI could drive increased demand for Radware's solutions. This may translate to higher sales and potentially improved profit margins.
• Recurring Revenue Opportunities: The AI-Driven SOC capabilities, offered as managed services, present an opportunity for Radware to expand its recurring revenue streams. This could lead to more predictable and stable financial performance.
• Cost Efficiency for Customers: The promise of reducing mean time to resolution from days to minutes could result in significant cost savings for customers. This value proposition could justify premium pricing and potentially improve Radware's average revenue per customer.

However, investors should be cautious. The cybersecurity market is highly competitive and the effectiveness of AI solutions can be difficult to quantify in the short term. It will be important to monitor Radware's R&D expenses, customer adoption rates and the impact on revenue growth in the coming quarters to fully assess the financial implications of this launch.

Market Research Analyst

The launch of EPIC-AI by Radware is a strategic response to several key market trends and challenges in the cybersecurity landscape:

• AI Arms Race: With cyber attackers increasingly leveraging AI, Radware's "fight AI-with-AI" approach aligns with the escalating need for more sophisticated defense mechanisms. This could resonate well with security-conscious enterprises.
• Skills Shortage Mitigation: The global cybersecurity skills shortage is a persistent issue. EPIC-AI's automation and AI-driven capabilities could help organizations bridge this gap, potentially expanding Radware's addressable market.
• Regulatory Compliance: As mentioned in the announcement, stricter regulatory requirements are increasing risk exposure for organizations. EPIC-AI's consistent protection across environments could help customers meet compliance standards more effectively.
• Cloud Migration: The solution's ability to provide uniform protection across on-premises and cloud environments addresses the security challenges associated with the ongoing trend of cloud migration and hybrid infrastructures.

Market reception will be critical. The positive customer testimonials and analyst recognition are encouraging signs, but widespread adoption will depend on EPIC-AI's performance against competing solutions. Radware's ability to educate the market on the benefits of its AI approach and demonstrate clear ROI will be important for success. Investors should watch for partnerships, integration announcements and customer case studies as indicators of market traction in the coming months.

Increases accuracy of protection and reduces time to resolution while cutting costs

MAHWAH, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced the launch of its proprietary Radware EPIC-AI™, which adds multiple layers of AI-powered intelligence and capabilities across its application and network security solutions and services. EPIC-AI infuses state-of-the-art AI and generative AI algorithms across Radware’s security solutions to deliver precise, hands-free, consistent protections across cloud, on-prem, and hybrid environments. The AI-based innovations are designed to help organizations not only significantly improve real-time attack detection and mitigation, but also reduce mean time to resolution (MTTR), gain more control over their security, and protect their brands.

“The growing use of automated and AI-enabled cyber attack tools combined with new, stricter regulatory requirements and a shortage of cybersecurity experts continue to increase exposure and risk for organizations worldwide,” said Roy Zisapel, Radware’s president and CEO. “In keeping with Radware’s fight AI-with-AI approach to security, the launch of EPIC-AI gives organizations the modern tools they need to stay ahead of evolving cyberthreats and business challenges. Real-time, precise, hands-free protection consistently applied across any application environment—that’s the unmatched power and intelligence behind EPIC-AI. Today, we are introducing a new AI-based approach to security that we plan to build upon going forward.”

Recently, industry analyst GigaOm evaluated the AI protection capabilities of 13 security providers in its 2024 Radar for Application and API Security (AAS) Report. For AI protection capabilities, the GigaOm report notes, “Radware is the only vendor in this analysis to earn a top score on the AI-enhanced vulnerability detection criterion. Radware includes everything that we currently look for in this feature; the AI vulnerability enhancement system uses both IP and application layer information to learn of attacks to protect against and offer suggestions to IT.”

Powered by EPIC-AI, Radware’s security solutions provide a multi-layered integrated platform that offers:

• Integration across multiple enforcement points, including Radware’s own products and cloud services as well as third-party services, to uniformly apply security policies, signatures, and rules regardless of where an application resides. This unmatched approach provides organizations the consistent protection they are seeking across on-prem and public cloud environments.
• Real-time cloud protection engines with AI-powered Web DDoS, DNS, bot, and API protection that set Radware apart from the competition. To arm customers in their fight against AI-based attacks, each engine is AI-powered with machine-learning algorithms designed to automatically identify and surgically block malicious activity.
• Cross-platform AI reasoning that uniquely correlates threat intelligence and data driven feeds across the real-time protection engines to help preemptively block malicious sources. To help combat all-in-one attack tools and a wide range of cyberthreats, the platform can use AI-driven algorithms to identify a malicious event in one engine and block it in another or across different applications.
• AI-Driven SOC capabilities that enable 24x7, AI-empowered managed services and automated security management and operations. These services can be used by organizations to quickly identify the root causes of an incident and automatically solve it, reducing mean time to resolution from days and hours to minutes.

According to Radware customers:

• “Radware's AI-powered solutions provide robust, real-time threat protection, empowering businesses with unmatched security and confidence." Ayesha Lata, security solutions engineer, Fiji National University
  
  
• “The current cyberthreat landscape has been disrupted with new types of attacks created with the help of artificial intelligence. Radware’s AI-based solutions have helped us better understand our threat landscape and protect ourselves more efficiently against new types of attacks so that the availability of our services is not negatively impacted.” Diego Del Portillo, head of cybersecurity, Puerto de Barranquilla, Sociedad Portuaria
  
  
• “We chose Radware not only for the excellent results they produced in the concept testing, but also for their AI-powered technologies and the global cost of the projects.” Mario Corpas Granda, ICT consultant, ASAC Comunicaciones
  

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

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.

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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.

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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 AI-based innovations are designed to help organizations not only significantly improve real-time attack detection and mitigation, but also reduce mean time to resolution, gain more control over their security, and protect their brands, 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 EPIC-AI and how does it enhance cybersecurity?

Radware's EPIC-AI is a proprietary AI-powered intelligence system that enhances security solutions by improving real-time attack detection, reducing resolution time, and providing consistent protection across various environments. It uses AI and generative AI algorithms to combat evolving cyberthreats and address challenges like automated attacks and stricter regulations.

How does EPIC-AI impact Radware's (RDWR) market position in cybersecurity?

EPIC-AI strengthens Radware's (RDWR) market position by offering advanced AI-powered security capabilities. This is evidenced by Radware receiving top scores for AI-enhanced vulnerability detection in GigaOm's 2024 Radar for Application and API Security Report, distinguishing it from competitors in the cybersecurity space.

What are the key features of Radware's EPIC-AI system launched in July 2024?

Key features of Radware's EPIC-AI system include: integration across multiple enforcement points, real-time cloud protection engines with AI-powered defenses, cross-platform AI reasoning for preemptive blocking, and AI-Driven SOC capabilities for managed services and automated security management.

How does Radware's EPIC-AI address the cybersecurity skills shortage?

Radware's EPIC-AI addresses the cybersecurity skills shortage by providing AI-Driven SOC capabilities that enable 24/7 AI-empowered managed services and automated security management. This helps organizations quickly identify and automatically solve security incidents, reducing the reliance on scarce human expertise.