MAHWAH, N.J., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Radware®, (NASDAQ: RDWR) a leading provider of cyber security and application delivery solutions, today announced that one of the world’s largest equipment providers engaged Radware for its Cloud DDoS Protection and 24X7 Emergency Response Services. The company turned to Radware after falling victim to a sophisticated DNS flood attack and ransomware scheme operated by the Fancy Lazarus extortion group.
Skilled in dealing with complex attacks, Radware deployed its Emergency Response Team. Within a few hours, Radware’s scrubbing centers were mitigating threats and protecting traffic from the customer’s global data centers.
“Ransom DDoS attacks have become a persistent part of the threat landscape. Yet many companies don’t have the bandwidth to handle the surge in traffic generated by large, globally distributed attacks,” said Haim Zelikovsky, vice president of Radware’s cloud services business. “With our emergency on-boarding services, experienced engineers step in with real-time intelligence to offer customers immediate assistance in combatting attacks and restoring operations. Quicker time to protection translates to less disruption to end users and the business as well as mitigates reputational damage to brands.”
Throughout 2021, Radware has been rapidly onboarding new customers that are facing DDoS ransomware threats. Recently, the company published a cybersecurity alert warning that Fancy Lazarus, a well-known DDoS extortionist, had resurfaced with a new campaign focused on organizations with unprotected assets.
Radware was ranked a global leader in Forrester’s March 2021 report, “The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021.” The company’s Cloud DDoS Protection Services offers accurate detection and real-time protection against today’s most dynamic and damaging DDoS threats. To provide customers optimal protection tailored to the needs of their networks and applications, Radware offers always-on, on-demand, or fully managed hybrid DDoS deployment options.
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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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 that that our experienced engineers step in with real-time intelligence to offer customers immediate assistance in combatting attacks and restoring operations, we are using 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; risks and uncertainties relating to acquisitions or other investments; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; changes in government regulation; 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; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; 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; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; 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.