MAHWAH, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security service center in Paris, France. The launch of the new facility extends Radware’s DDoS attack mitigation capacity to 15Tbps across a network of more than 50 cloud security service centers worldwide.
“Expanding our network of cloud security service centers is part of a strategic move to advance our global defense infrastructure and our customers’ security experience,” said Michael Techer, Radware’s regional director in France. “The new facility in France will help customers increase resiliency and comply with local data privacy requirements. It will also reduce traffic latency as well as increase service redundancy and mitigation capacity to help our customers defend against even the largest volumetric denial-of-service attacks.”
According to Radware’s recent Global Threat Analysis Report, the number of malicious DDoS attacks rose 94% worldwide between 2022 and 2023. In the EMEA region in 2023, finance was the most attacked industry, accounting for 41% of attacks followed by technology organizations (18%) and government institutions (15%). In keeping with global trends, hacktivist activity is also surging. In France alone during the first quarter of 2024, hacktivist claimed DDoS attacks increased 185% compared to the same period in 2023.
“Unprecedented cybersecurity challenges are expected to continue as hackers gear up for the 2024 Paris Olympics. Given the current geo-political backdrop to the event, we are anticipating a surge in cyber-attacks,” said David Aviv, Radware’s chief technology officer. “It’s critical for organizations, including those in adjacent markets, to act early and put advanced security mechanisms in place. Our new facility in France is tuned to help customers reduce their risks and protect their businesses.”
Radware has received numerous awards for its application and network security 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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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 Dyrek
Radware
Gerri.Dyrek@radware.com
