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Radware Survey Shows Consumers’ Growing Concerns About the Cloud

MAHWAH, N.J., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service level for applications in virtual, cloud and software defined data centers, released a report entitled Mobile Application Security: Consumer Perspectives and Organizational Implications. Radware commissioned Harris Poll to conduct the survey online among more than 2,000 U.S. adult consumers in September on their opinions of cloud-based apps and services and their usage.

Consumers often don’t realize that the applications they depend upon daily live in the cloud and therefore many may be unaware of the threat of breach to their personal data. Over two-thirds (67%) of Americans say they don’t currently use cloud-based applications. Meanwhile, cloud-based mobile apps continue to grow in popularity.

33% of consumers report using cloud-based apps or services; fitness apps (16%) seemed to be the most commonly used cloud-based apps; followed by food ordering services (10%); transportation and financial service apps (both 8%); and healthcare (7%).

While 87% of consumers say they believe cloud applications could be hacked; 58% of cloud-based app/service users say they are worried about the security of their personal data should the service get hacked.

“Data breaches and hacks are not only on the rise, they are becoming commonplace,” said Ben Desjardins, Director, Security Solutions Marketing at Radware. “At the same time, cloud-based apps are booming, offering convenient ways to expedite and simplify daily needs from ordering a meal to requesting a car with the tap of a finger. Consumers by and large don’t understand the cloud-based nature of what’s behind the tap, and so companies trying to engage with customers through these apps will bear the burden of education and remediation in the event of a data breach.”

Today’s consumers are expecting more from their cloud-based services. For example, more than half (54%) of consumers who use cloud-based apps/services said that they would stop using a cloud-based service if it was hacked. 85% of Americans expect the companies behind these cloud-based apps/services to provide compensation or identity protection to those who affected for any loss or damages associated with a hack.

A graphic accompanying this release is available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/218d3f52-ba9b-45e5-a7f0-c73836e7ae60

Key Findings:

  • Head in the Clouds: While one out of every 3 consumers (33%) currently use cloud-based apps or services, more than half of consumers (55%) do not believe these apps are keeping personal data secure.
  • Compensation as Correction: An overwhelming majority (85%) of Americans say cloud-based app providers should offer compensation or identity theft protection to customers affected by a breach.
  • Market Leaders: More than two-thirds (69%) of consumers believe that the more popular a cloud-based app is, the more likely it is to become a target for hackers than less popular ones.

Convenience First:

  • Men are nearly twice as likely as women to agree that the conveniences that cloud-based apps provide are more important to them than the security of their personal data (27% vs. 16%)
  • Data Exposed: About one out of ten consumers who use cloud-based services/apps (9%) say that they’ve already had their personal data compromised due to a security breach from a cloud-based application.

To learn more, please download the report, Mobile Application Security: Consumer Perspectives and Organizational Implications here. Additionally, links to the infographic can be found here.

Methodology

This survey was conducted online within the United States by Harris Poll on behalf of Radware from September 28-30th, 2015 among 2,049 adults ages 18 and older, among which 621 use any cloud-based services/apps. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Deborah Szajngarten.

THIS PRESS RELEASE AND THE HARRIS POLL SURVEY ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE'S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT OR FUTURE PERIOD.

About Radware

Radware (NASDAQ:RDWR), is a global leader of application delivery and application security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency.
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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Safe Harbor Statement

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. 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 and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on 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, reference is made to Radware’s Annual Report on Form 20-F which is on file 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.

Corporate Media Relations: Deborah Szajngarten (201) 785-3206 deborah.szajngarten@radware.com

Source:Radware Ltd.