Radware expands its partnership with a major Indian airport to enhance DDoS and application protection amid rising cyber threats.
Quiver AI Summary
Radware has announced a new agreement with one of India's top airports to enhance its cybersecurity measures in response to increasing cyber attacks. The airport will utilize Radware's Cloud DDoS Protection and Cloud Application Protection Services, building on its previous deployment of Radware’s Alteon application delivery controller. With over 10 million travelers annually, the airport has a significant infrastructure connecting to numerous international destinations. This decision is influenced by a dramatic rise in Web DDoS attacks, which have surged 265% globally between late 2023 and early 2024. Radware's solutions offer advanced capabilities to automatically detect and mitigate such attacks, optimizing application performance while ensuring service continuity.
Potential Positives
- Radware has expanded its relationship with a top 10 airport in India, highlighting increasing trust and reliance on its security solutions.
- The agreement for Radware's Cloud DDoS Protection and Cloud Application Protection Services is a significant endorsement of its technology amidst a rise in cyber attacks.
- This partnership positions Radware as a key player in the growing cybersecurity market for critical infrastructure, particularly in the high-stakes arena of airport security.
- Radware's solutions are recognized for their advanced capabilities in mitigating DDoS attacks, addressing the increasing demand for robust security measures in the aviation sector.
Potential Negatives
- The press release highlights a significant increase in cyber attacks, indicating a heightened threat environment for Radware's customers and potentially raising concerns about the effectiveness of their current solutions.
- The mention of reliance on independent distributors raises questions about the company's control over sales and distribution, which could impact their ability to maintain market share.
- Warnings about global economic conditions and instability due to geopolitical conflicts may create uncertainty about the company’s future performance and growth prospects.
FAQ
What agreement did Radware announce on November 26, 2024?
Radware announced an agreement with a top 10 airport in India to provide Cloud DDoS Protection and Application Protection Services.
How does Radware help protect against cyber threats?
Radware offers solutions like Cloud DDoS Protection and Application Protection that automatically mitigate large-scale cyber attacks without disrupting services.
Why is the airport investing in Radware's solutions?
The airport is responding to a rise in cyber attacks, particularly Web DDoS attacks, which have surged significantly recently.
What is unique about Radware's cloud security services?
Radware's cloud services use AI algorithms for real-time detection and response, ensuring the highest level of application protection with low false positives.
How does Radware support global operations?
Radware operates over 50 cloud security service centers worldwide, providing robust mitigation capacity and compliance with data routing requirements.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
MAHWAH, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Radware ® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it signed an agreement with a top 10 airport in India. The airport plans to leverage Radware’s Cloud DDoS Protection and Cloud Application Protection Services and work with Radware’s Emergency Response Team in response to a rise in cyber attacks. The cyber investment marks an expansion in the airport’s existing relationship with Radware. The airport previously deployed Radware’s Alteon ® application delivery controller.
The airport ranks among the busiest in India. It has an infrastructure that connects to more than 30 countries and 20 airlines, and serves more than 10 million travelers annually.
Radware’s unique ability to automatically detect and mitigate large-scale HTTPS floods, also known as Web DDoS attacks, influenced the airport’s recent buying decision. According to Radware’s H1 2024 Global Threat Analysis Report , Web DDoS attacks are making significant gains in frequency and intensity, surging globally 265% between the second half of 2023 and the first half of 2024.
“Cyberattacks against airports have become favored particularly among hacktivist collectives because of the high-profile chaos they create for victims,” said Nikhil Karan Taneja, Radware’s vice president and managing director for India, the Middle East, and South Asia. “With the rising demand for air travel, airports are under even more pressure to protect their digital infrastructures from emerging threats, while delivering uninterrupted services for airlines and passengers. Radware’s one-stop cloud security solutions are game changers for time-strapped security teams, providing powerful tools to scale their capabilities and automate their defenses.”
Radware’s cloud protection services are backed by a global network of over 50 cloud security service centers with more than 15Tbps of mitigation capacity. The network is designed to help organizations reduce traffic latency, increase service redundancy, and comply with offshore data routing requirements.
Radware’s AI-powered Cloud DDoS Protection Service is uniquely designed to automatically identify and surgically block Web DDoS and network attacks and other harmful traffic without disrupting legitimate requests. Using advanced behavioral algorithms, the solution instantly adapts DDoS defenses based on the specific attack vector. It not only mitigates DDoS attacks but also safeguards the network, optimizes application performance, and maintains availability during attacks.
Radware's Cloud Application Protection Service provides comprehensive, agnostic application protection through the company’s industry-leading web application firewall (WAF), bot detection and management, API protection , client-side protection , and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution is designed to offer the highest level of application protection with the lowest level of false positives.
Radware has received numerous awards for its solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, IDC, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cybersecurity.
About Radware
Radware
®
(NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the
Radware
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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 security solutions provide powerful tools to scale capabilities and automate defenses, 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
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Media Contact:
Gerri Dyrek
Radware
[email protected]