Radware’s Cloud DDoS Protection Service Selected by Fortune 100 Industrial Company

Rhea-AI Summary

Radware (NASDAQ: RDWR) announced the selection of its Cloud DDoS Protection Service by a Fortune 100 industrial company to combat a DNS flood attack and ransom demand. Radware swiftly activated its Emergency Response Team, mitigating threats and ensuring quick protection for 8GBs of business traffic across four global data centers. Haim Zelikovsky, VP of Cloud Business, noted the rising frequency and sophistication of DDoS attacks, emphasizing the effectiveness of their service in partnership with trusted allies.

Positive

• Fortune 100 company selected Radware's Cloud DDoS Protection Service.
• Rapid deployment of Emergency Response Team demonstrated efficiency in threat mitigation.
• Protects significant business traffic (8GBs) across four global data centers.

Negative

• Company experienced a sophisticated DNS flood attack, indicating vulnerabilities.
• Increased demand for ransom payouts highlights potential risks in cyber security.

Radware Protects Customer’s Global Data Centers to Mitigate Current and Future Threats

MAHWAH, N.J., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Radware®, (NASDAQ: RDWR) a leading provider of cyber security and application delivery solutions, today announced that a Fortune 100 industrial company selected Radware’s Cloud DDoS Protection Service via a strategic partner to defeat a ransom scheme after falling victim to a sophisticated DNS flood attack.

Radware’s Cloud DDoS Protection Service uses Radware’s global network of cloud security scrubbing centers to deliver protection from advanced and next-generation DDoS attacks with the lowest latency possible. Radware’s solution offers extremely accurate attack detection, a short time to protection, and proactive management by Radware security experts.

Following the initial DNS flood incident, the customer received a demand for ransom payouts, whereby it contacted Radware’s strategic partner for assistance. The partner then turned to Radware for support. Radware swiftly deployed its Emergency Response Team and within hours, Radware’s scrubbing centers were mitigating the threats and protecting the total 8GBs of business traffic from the customer’s four global data centers.

“Unfortunately, DDoS attacks have become more frequent, powerful and sophisticated,” said Haim Zelikovsky, Vice President of Cloud Business for Radware. “This is a great example of how our Cloud DDoS Protection Service, in conjunction with our trusted partners, offer organizations the widest security coverage and shortest time to protect from DDoS attacks.” 

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, Radware Mobile for iOS and Android, and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2020 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/.

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.” When we say that “our Cloud DDoS Protection Service in conjunction with our trusted partners offer organizations the widest security coverage and shortest time to protect from DDoS attacks”, that is 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; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; 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 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; 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:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com 

FAQ

What is Radware's recent achievement related to DDoS protection?

Radware was selected by a Fortune 100 company for its Cloud DDoS Protection Service after the company faced a DNS flood attack.

How quickly did Radware respond to the DDoS attack?

Radware activated its Emergency Response Team and began mitigating threats within hours of the attack.

What is the significance of the 8GB business traffic mentioned?

The 8GB refers to the amount of business traffic Radware protected across four global data centers during the DDoS attack.

Who is Haim Zelikovsky in the context of Radware?

Haim Zelikovsky is the Vice President of Cloud Business for Radware, highlighting the increasing sophistication of DDoS attacks.

What company is involved in the recent DDoS protection service deployment?

The customer is a Fortune 100 industrial company that sought assistance after a DNS flood attack.