Radware Provides DDoS Protection for Leading European Financial Group

Delivers advanced behavioral-based DDoS detection and automatic signature creation

MAHWAH, N.J., Aug. 31, 2023 (GLOBE NEWSWIRE) — Radware^®, a leading provider of cyber security and application delivery solutions, announced it signed an agreement to provide DDoS protection for one of Europe’s leading financial groups. The financial group turned to Radware as geopolitical tensions and DDoS attacks continued to rise and outpace the limitations of the DDoS solution provided by the group’s internet service provider.

“The first half of 2023 has seen deliberate efforts by malicious actors to intensify the DDoS assault, driving a surge in attacks that are growing in size and complexity,” said Yoav Gazelle, Radware’s chief business officer. “The European financial group selected Radware for our deep bench of technical expertise, the superiority of our DDoS protection, and our ability to continuously adapt to the shifting demands of the threat landscape.”

Radware secured the agreement in partnership with CLICO Solutions. The value-added distributor of cybersecurity, networking, and management solutions is one of the largest value-added distributors in Central and Eastern Europe.

Today, the European financial group supports hundreds of retail units and a range of banking services, including internet, mobile, and phone banking as well as ecommerce. To increase its DDoS defenses, the group purchased Radware’s hybrid Cloud DDoS Protection Service and recently released DefensePro^® X DDoS Protection. DefensePro X works with the Radware Cyber Controller to provide a single location for traffic visibility, robust analytics, and advanced security operations.

The combined solution leverages patented behavioral-based detection as well as advanced, automated signature creation and web DDoS attack mitigation to protect organizations against today’s most damaging DDoS threats. This includes Burst, DNS, and Web DDoS Tsunami attacks along with 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 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