Radware Launches New Cloud Security Service Center in France
Radware (NASDAQ: RDWR), a leader in cybersecurity and application delivery, has launched a new cloud security service center in Paris, France. This expansion boosts their DDoS attack mitigation capacity to 15Tbps across a network of over 50 centers worldwide. The new facility aims to enhance customer resilience, reduce latency, increase service redundancy, and support compliance with local data privacy laws. According to Radware’s Global Threat Analysis Report, DDoS attacks rose 94% globally between 2022 and 2023, with a significant surge in France due to hacktivist activities. The new center is part of Radware's strategy to strengthen its global defense infrastructure, especially in light of expected cybersecurity challenges during the 2024 Paris Olympics. David Aviv, Radware’s CTO, emphasizes the necessity for advanced security mechanisms in preparation for potential cyber-attacks during the event.
- Radware’s DDoS attack mitigation capacity increased to 15Tbps globally.
- Launch of a new cloud security service center in Paris enhances customer resilience and compliance with local data privacy laws.
- The new facility is expected to reduce traffic latency and increase service redundancy.
- Radware continues to be recognized as a market leader by analysts like Forrester Research and Gartner.
- Global DDoS attacks increased by 94% between 2022 and 2023.
- Hacktivist DDoS attacks in France surged 185% in Q1 2024 compared to Q1 2023.
- Increased cyber threats anticipated around the 2024 Paris Olympics due to geopolitical issues.
Insights
Radware's expansion of its cloud security service network is a significant investment in enhancing its defensive capabilities amid the escalating threat landscape. From a financial perspective, this move shows the company's commitment to maintaining a competitive edge, especially in the EMEA region where cyber threats are surging. The increase in DDoS attack mitigation capacity to 15Tbps implies robust infrastructure improvements, potentially resulting in higher operational expenditures in the short term. However, it positions Radware to capture a larger market share by increasing customer trust and attracting new clients needing advanced security services.
Additionally, compliance with local data privacy requirements in France due to the new service center could make Radware more appealing to local businesses, especially in highly regulated industries such as finance and government institutions which are primary targets of cyber-attacks. This strategic localization can lead to new revenue streams and potentially higher margins in the long run.
The launch of Radware's new cloud security service center in Paris is a critical enhancement in their global security infrastructure. Given the recent rise in DDoS attacks, with a notable
For industries like finance, technology and government, which are frequent targets, this development means enhanced protection and compliance with local data privacy laws. The facility's strategic location in France, anticipating the 2024 Paris Olympics, indicates Radware's proactive approach to upcoming geo-political threats. This move not only bolsters current customer defenses but also potentially attracts new clients seeking robust cybersecurity solutions in anticipation of increased threat volumes.
From a market positioning perspective, Radware's expansion in cloud security services with a new center in Paris strengthens its footprint in a critical region. The escalation in DDoS attacks, as highlighted by their Global Threat Analysis Report, underscores the growing need for advanced security services. By enhancing their mitigation capacity to 15Tbps, Radware significantly boosts its value proposition to existing and potential customers in the EMEA region.
Furthermore, the company's alignment with local data privacy regulations and reduction in latency issues are key selling points that differentiate its offerings in a competitive market. The timing of this expansion, with the Paris Olympics on the horizon and anticipated increases in cyber-attacks, strategically positions Radware to address imminent security needs, potentially driving demand and market share growth. Recognition from industry analysts further cements Radware's reputation as a leader, likely contributing positively to customer acquisition and retention.
Expands mitigation capacity to 15Tbps across a global network of security centers
MAHWAH, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security service center in Paris, France. The launch of the new facility extends Radware’s DDoS attack mitigation capacity to 15Tbps across a network of more than 50 cloud security service centers worldwide.
“Expanding our network of cloud security service centers is part of a strategic move to advance our global defense infrastructure and our customers’ security experience,” said Michael Techer, Radware’s regional director in France. “The new facility in France will help customers increase resiliency and comply with local data privacy requirements. It will also reduce traffic latency as well as increase service redundancy and mitigation capacity to help our customers defend against even the largest volumetric denial-of-service attacks.”
According to Radware’s recent Global Threat Analysis Report, the number of malicious DDoS attacks rose
“Unprecedented cybersecurity challenges are expected to continue as hackers gear up for the 2024 Paris Olympics. Given the current geo-political backdrop to the event, we are anticipating a surge in cyber-attacks,” said David Aviv, Radware’s chief technology officer. “It’s critical for organizations, including those in adjacent markets, to act early and put advanced security mechanisms in place. Our new facility in France is tuned to help customers reduce their risks and protect their businesses.”
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 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.
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Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com
FAQ
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