Radware signs deal for enhanced DDoS defences with European stock exchange

Radware has announced the expansion of its Always-On Hybrid DDoS Protection services in a multimillion-dollar deal with a prominent European stock exchange. The financial exchange, which employs thousands globally, has upgraded its existing protection to include Radware's latest innovations: DefensePro X, Cyber Controller, and Emergency Response Team (ERT) managed services.

This move, taken in response to a significant increase in high-intensity, volumetric web-based DDoS attacks, aims to bolster the exchange's cyber defences. According to Radware's H1 2024 Global Threat Analysis Report, Web DDoS attacks surged by 265% in the first half of 2024 compared to the latter half of 2023. These attacks, characterised by HTTP Flood tactics targeting Layer 7, have demanded more advanced and automated defence mechanisms.

Yoav Gazelle, Radware's chief business officer, commented on the evolving threat landscape: "The growing threat of increasingly sophisticated Web DDoS attacks, fuelled by worldwide geopolitical tensions and ideological and religious motivations, continues to influence customer buying decisions. The shifts in the threat landscape demand automated, real-time protection that operates at a high level of performance and scale, surgically blocking malicious traffic without disrupting legitimate requests – and that's what our DefensePro X is designed to do."

Radware's DefensePro X employs AI-powered advanced behavioural algorithms to provide adaptive DDoS protection against a range of threats, including IoT-based, Burst, DNS and TLS/SSL attacks, ransom DDoS campaigns, and phantom floods. This solution aims to offer comprehensive security without requiring substantial human intervention. It is designed to identify and mitigate both encrypted and zero-day threats swiftly.

To enhance these capabilities, DefensePro X collaborates with Radware's Cyber Controller. This system offers a singular platform for traffic visibility, robust analytics, and advanced security operations, aiming to manage and orchestrate the entire DDoS protection lifecycle efficiently.

The exchange will also benefit from Radware's Emergency Response Team (ERT), which provides round-the-clock support and mitigation services. This team of experts leverages industry best practices and AI-powered threat intelligence to strengthen the organisation's defensive measures against both application- and network-layer DDoS attacks.

The financial sector has long been a prime target for cyber attacks due to the potential for severe reputational damage and disruptions in the global financial system. Such vulnerabilities are particularly concerning as they can serve as tactical advantages in hybrid warfare. Radware's expanded protection services aim to mitigate these risks by ensuring continuous, reliable security for its clients.

Radware's network and application security solutions are powered by AI and GenAI capabilities, aiming to protect legitimate user experiences while minimising false positives. The company has received numerous industry accolades, with analysts from Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions recognising Radware as a leader in cyber security.