{"id":796011,"date":"2024-12-19T06:03:23","date_gmt":"2024-12-19T11:03:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/radware-expands-ai-driven-application-and-network-protection-for-a-top-5-bank-in-italy\/"},"modified":"2024-12-19T06:03:23","modified_gmt":"2024-12-19T11:03:23","slug":"radware-expands-ai-driven-application-and-network-protection-for-a-top-5-bank-in-italy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/radware-expands-ai-driven-application-and-network-protection-for-a-top-5-bank-in-italy\/","title":{"rendered":"Radware Expands AI-Driven Application and Network Protection for a Top 5 Bank in Italy"},"content":{"rendered":"

\nAddresses rising Web DDoS attacks and DORA compliance deadline
\n<\/h2>\n
\n

MAHWAH, N.J., Dec. 19, 2024 (GLOBE NEWSWIRE) — Radware<\/a>\u00ae (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it expanded its agreement with one of Italy\u2019s top 5 banks. Based on the agreement, the financial institution will use Radware\u2019s end-to-end suite of network and application security and application delivery solutions. This includes Radware\u2019s Cloud Application Protection<\/a> and Cloud DDoS Protection<\/a> Services as well as its Alteon<\/a>\u00ae application delivery controller with its Global Elastic License (GEL).<\/p>\n

Today, the multi-channel bank offers a number of banking products and services. These offerings span private and corporate banking, loans, e-banking, and investment services for individuals and business clients.<\/p>\n

The bank\u2019s decision to bolster its cyber defenses was motivated by the need to meet growing capacity requirements and protect its infrastructure and applications against a surge in Web DDoS Tsunami attacks, a new aggressive form of HTTPS Flood that targets web applications and APIs. According to Radware\u2019s H1 2024 Global Threat Analysis Report<\/a>, Web DDoS attacks<\/a> surged globally 265% during the first six months of this year compared to the second half of 2023.<\/p>\n

The expansion of security services was also driven by stricter and changing regulatory controls. This includes the enforcement of the European Union\u2019s new Digital Operational Resilience Act (DORA). The new regulation requires financial institutions and the third-party service providers that support them to advance their cybersecurity and operational processes by January 17, 2025, when enforcement begins.<\/p>\n

\u201cWith the race to comply with new regulations and rise in Web DDoS attacks, many financial institutions are under pressure to reassess their cybersecurity frameworks and shore up their security measures,\u201d said Yoav Gazelle, Radware\u2019s chief business officer. \u201cThose who act early will be in the best position to manage these changes and protect their vital services. Radware\u2019s AI-driven cloud security solutions are built to strengthen operational resilience and security postures by helping organizations automatically identify, mitigate, and adapt to evolving threats and disruptions.\u201d<\/p>\n

Radware’s Cloud Application Protection Services provide comprehensive, agnostic application protection through the company\u2019s web application firewall<\/a> (WAF), bot detection<\/a> and management, API protection<\/a>, client-side protection<\/a>, and application-layer DDoS protection<\/a>. Combining end-to-end automation, behavioral-based detection, and 24\/7 managed services, the solution is designed to offer organizations the highest level of application protection with the lowest level of false positives.\u00a0<\/p>\n

Radware\u2019s Alteon application delivery controller offers comprehensive application protection via embedded web application firewall, bot management and API protection capabilities. It is designed to defend against a wide range of threats, including OWASP vulnerabilities, bad bots, zero-day and supply chain attacks, and API assaults. Accompanied by Radware\u2019s GEL, companies can allocate their application security services across any private or public cloud environment at a moment\u2019s notice, without jeopardizing their initial investment.<\/p>\n

Radware has received numerous awards<\/a> and recognitions for its application<\/a> and network<\/a> security solutions from a number of industry analysts, including Aite-Novarica Group, Gartner, GigaOm, KuppingerCole, and QKS Group.<\/p>\n

\n About Radware<\/strong>
\n
\n Radware<\/a>\u00ae (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company\u2019s 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\u2019s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware<\/a> website.<\/p>\n

Radware encourages you to join our community and follow us on: Facebook<\/a>, LinkedIn<\/a>, Radware Blog<\/a>, X<\/a>, YouTube<\/a>, and Radware Mobile for iOS<\/a>.<\/p>\n

\u00a92024 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:\u00a0https:\/\/www.radware.com\/LegalNotice\/<\/a>. All other trademarks and names are property of their respective owners.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\n Safe Harbor Statement <\/strong>
\n
\n This press release includes \u201cforward-looking statements\u201d 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\u2019s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cestimates,\u201d \u201cplans,\u201d and similar expressions or future or conditional verbs such as \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cmay,\u201d and \u201ccould.\u201d For example, when we say in this press release that our solutions help organizations automatically identify, mitigate, and adapt to evolving threats and disruptions, 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\u2019s 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;<\/em>
\n 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\u2019s 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\u2019s 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\u2019s public filings are available from the SEC\u2019s website at www.sec.gov or may be obtained on Radware\u2019s website at <\/em>
\n
\n www.radware.com<\/em>
\n <\/a>
\n .<\/em>\n <\/p>\n

\n Media Contact:<\/strong>
\n
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com<\/a><\/u><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Addresses rising Web DDoS attacks and DORA compliance deadline MAHWAH, N.J., Dec. 19, 2024 (GLOBE NEWSWIRE) — Radware\u00ae (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it expanded its agreement with one of Italy\u2019s top 5 banks. Based on the agreement, the financial institution will use Radware\u2019s end-to-end suite of network and application security and application delivery solutions. This includes Radware\u2019s Cloud Application Protection and Cloud DDoS Protection Services as well as its Alteon\u00ae application delivery controller with its Global Elastic License (GEL). Today, the multi-channel bank offers a number of banking products and services. These offerings span private and corporate banking, loans, e-banking, and investment services for individuals and business clients. The … <\/p>\n

Continue reading “Radware Expands AI-Driven Application and Network Protection for a Top 5 Bank in Italy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796011","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRadware Expands AI-Driven Application and Network Protection for a Top 5 Bank in Italy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/radware-expands-ai-driven-application-and-network-protection-for-a-top-5-bank-in-italy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radware Expands AI-Driven Application and Network Protection for a Top 5 Bank in Italy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Addresses rising Web DDoS attacks and DORA compliance deadline MAHWAH, N.J., Dec. 19, 2024 (GLOBE NEWSWIRE) — Radware\u00ae (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it expanded its agreement with one of Italy\u2019s top 5 banks. 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Based on the agreement, the financial institution will use Radware\u2019s end-to-end suite of network and application security and application delivery solutions. This includes Radware\u2019s Cloud Application Protection and Cloud DDoS Protection Services as well as its Alteon\u00ae application delivery controller with its Global Elastic License (GEL). Today, the multi-channel bank offers a number of banking products and services. These offerings span private and corporate banking, loans, e-banking, and investment services for individuals and business clients. 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