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Radware Receives Multi-Million Dollar Contract From National Financial Services Company for Cyber-Attack Mitigation

MAHWAH, N.J., Oct. 16, 2014 (GLOBE NEWSWIRE) -- Radware® (Nasdaq:RDWR), a leading provider of application delivery and application security solutions for virtual and cloud data centers, announced a national financial services company awarded Radware with a multi-million dollar contact for its DefensePro®, a real-time, behavioral based attack mitigation device.

DefensePro employs multiple detection & mitigation modules including adaptive behavioral analysis and challenge response technologies in addition to signature detection. This enables the attack mitigation device to detect and mitigate emerging network attacks in real time such as zero-minute attacks, DoS/DDoS attacks and application misuse attacks ― all without the need for human intervention and without blocking legitimate user traffic.

Cyber-attacks have become extremely pervasive within the banking industry and have plagued many of the biggest banks with Distributed Denial of Service (DDoS) attacks and data breaches. The west-coast based financial institution reviewed the anti-DDoS solutions of several security vendors, eventually selecting Radware to protect its multiple data centers around the U.S., especially against SSL-based attacks.

Due to the evasive and encrypted nature of an SSL-based attack that leaves front line network security tools blind to the attack, the financial services company also incorporated Radware's Alteon®NG in order to decrypt incoming traffic and route it to the DefensePro. The AlteonNG provides advanced, end-to-end local and global load balancing capabilities for all web, cloud and mobile based applications. Both DefensePro and AlteonNG are core products of Radware's Attack Mitigation System (AMS).

"Financial institutions are on the front-lines of cyber-attacks and detecting and mitigating these attacks with a high degree of quality and in real-time is critical," says Carl Herberger, vice president of security solutions for Radware. "Realizing this, attackers are beginning to encrypt their attacks with SSL to complicate a bank's protection capabilities. Considering this, the investment of deploying DefensePro with SSL protections in several of their datacenters will help secure their networks, applications, and most of all, customer data."

About Radware

Radware (Nasdaq:RDWR), is a global leader of application delivery and application security solutions for virtual and cloud data centers. Its award-winning solutions portfolio delivers full resilience for business-critical applications, maximum IT efficiency, and complete business agility. Radware's solutions empower more than 10,000 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 www.radware.com.

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This press release may contain statements concerning Radware's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates or that future similar accounts from the financial industry will be won. These risks and uncertainties, as well as others, are discussed in greater detail in Radware's Annual Report on Form 20-F and Radware's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and 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 Securities and Exchange Commission's website at www.sec.gov or may be obtained on Radware's website at www.radware.com.

CONTACT: Corporate Media Relations: Brian T. Gallagher (201) 785-3206 (office) (201) 574-3840 (cell) briang@radware.com

Source:Radware Ltd.