Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced an Asian tax
authority will use Radware’s advanced Defense Pro® X DDoS
protection to increase defenses surrounding its technology
infrastructure. The security purchase by the federal authority is
part of a million-dollar deal.
Chartered to protect its country’s economic interests, the tax
authority’s responsibilities include administering tax policy,
managing and securing associated communications and information
technologies, and maximizing operational efficiencies.
“This win underscores Radware’s strength and expertise in the
public sector,” said Yoav Gazelle, Radware’s chief business
officer. “Governments around the world are being tasked to protect
sprawling infrastructures and, in many cases, legacy systems while
DDoS attacks escalate in frequency and complexity. Radware’s
Defense Pro X is unmatched in its ability to accurately mitigate
emerging forms of volumetric, multi-vector, layer 7 DDoS attacks,
while tools that rely on pre-existing signatures or rate-based
detections may fail to work without blocking legitimate
traffic.”
According to Radware’s 2024 Global Threat Analysis Report, the
total number of malicious web application and API transactions
increased by 171% in 2023 compared to 2022. A significant part of
this increase in activity can be attributed to layer 7 encrypted
web application attacks or Web DDoS attacks.
Designed to accurately detect and block malicious traffic and
offer uninterrupted availability, DefensePro X provides automated,
adaptive DDoS protection from fast-moving, high-volume, encrypted
or zero-day threats. It defends against IoT-based, Burst, DNS and
TLS/SSL attacks, ransom DDoS campaigns, IoT botnets, phantom
floods, and other types of cyber threats.
Radware has received numerous awards for its DDoS mitigation,
application and API protection, web application firewall, and bot
detection and management 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 RadwareRadware® (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.
Radware encourages you to join our community and follow us on:
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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 DDoS defense is designed to accurately
detect and block malicious traffic and offer uninterrupted
availability, 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
DyrekRadwareGerri.Dyrek@radware.com
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