Radware Only Vendor to Receive a Top Score for AI-Enhanced Vulnerability Detection in New GigaOm Report

Ranked as a leader in application and API security

NEW DELHI, India, May 15, 2024—Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that GigaOm has ranked Radware as a Leader and Fast Mover in GigaOm’s 2024 Radar for Application and API Security (AAS) Report. Radware is the only vendor among the 13 security providers evaluated in the report to earn a top score for AI-enhanced vulnerability detection. In addition, Radware received a top score in the key category of bot management, a ranking attributed in part to being the only vendor to offer an advanced crypto challenge functionality. Download a complimentary copy of the report here.

For AI protection capabilities, the GigaOm report notes, “Radware is the only vendor in this analysis to earn a top score on the AI-enhanced vulnerability detection criterion. Radware includes everything that we currently look for in this feature; the AI vulnerability enhancement system uses both IP and application layer information to learn of attacks to protect against and offer suggestions to IT.”

“Attackers are now using AI not only to create more complex and adaptive attacks, but also to decrease time-to-attack. That’s why we are taking a ‘fight AI with AI’ approach to security,” said Gabi Malka, Radware’s chief operating officer. “With AI-powered algorithms and automated detection and mitigation capabilities in place, Radware has the right offering for organizations looking for best-in-class application and API security and shorter mean time to resolution.”

In GigaOm’s 2024 Radar for Application and API Security Report, Don MacVittie, GigaOm research analyst, writes about Radware’s solution:

• “Radware has amassed a broad selection of deeply integrated tools that are available à la carte to build the protection that an organization needs.”
• “Radware is the only one that offers crypto challenge. This is the ability to increase computational complexity of challenges issued during bot attacks to increase the workload of the attacking platforms. Combined with an otherwise exemplary bot management solution, we find this a compelling feature.”
• “Organizations looking to start with one piece of functionality and expand in the future to a single source for AAS and app delivery will find Radware one of a few good choices.”
• “Organizations with a complex architecture should have Radware on their list of options as well.”

This GigaOm Radar report examines 13 of the top AAS solutions and compares their offerings against capabilities (table stakes, key features, and emerging features) and nonfunctional requirements (business criteria).

Radware has received numerous awards for its application and network security solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

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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 theRadware website.

Radware encourages you to join our community and follow us on: Facebook,  LinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

©2024 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: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

THIS PRESS RELEASE AND GIGAOM’S 2024 RADAR FOR APPLICATION AND API SECURITY REPORT 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.

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.

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.

Safe Harbor Statement 

This press release includes “forward-looking statements” 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’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that Radware has the right offering for organizations looking for best-in-class application and API security and shorter mean time to resolution, 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’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, 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.

AI-Powered Infrastructure Management: Driving Efficiency and Performance in 2024

Abhay Joshi,
Director – Product Strategy,
Crayon Software Experts India

The era of AI is upon us, ushering in a wave of unprecedented technological advancements and innovations. To sustain the momentum of these innovations, organizations are recognizing the need for purpose-built infrastructure tailored to their unique business needs. The integration of artificial intelligence (AI) has emerged as a game-changer, reshaping operations and maximizing efficiency like never before. As we move into the second half of 2024, the transformative potential of AI-powered infrastructure management becomes increasingly evident, promising enhanced performance, streamlined operations, and unparalleled insights.

Transforming Infrastructure Management With Artificial Intelligence(AI)

ClearML, in collaboration with the AI Infrastructure Alliance and FuriosaAI, conducted a comprehensive global AI Infrastructure research survey that indicated that over 96% of companies expressed intentions to expand their AI compute infrastructure. Among them, 40% are considering increasing their on-premise infrastructure, while 60% are contemplating adding more cloud resources. This trend underscores the demand for flexibility and speed in scaling AI infrastructure to meet evolving business needs. Critical areas where AI-powered tools are transforming infrastructure management in 2024 include the following:

• Maximizing Efficiency: AI optimizes resource utilization, anticipates maintenance needs, and enables real-time decision-making, driving productivity and minimizing downtime across diverse infrastructures.
• Predictive Maintenance: AI-driven predictive maintenance revolutionizes asset management by predicting equipment failures, allowing proactive interventions, reducing operational costs, and enhancing reliability.
• Optimized Resource Allocation: AI enables efficient resource allocation through advanced analytics, identifying underutilized resources and reallocating them for maximum returns, fostering cost-effectiveness and continuous improvement.
• Real-time Decision Making: AI empowers infrastructure managers with agility by aggregating data from sensors and operational systems, generating actionable insights instantaneously, and enhancing operational agility and resilience.
• Human-AI Synergy: AI augments human capabilities, enabling infrastructure managers to focus on strategic decision-making and innovation, fostering a culture of collaboration and unlocking growth opportunities.

Key Challenges of AI Integration In Infrastructure Management
Integrating AI into infrastructure management presents a promising opportunity for organizations seeking enhanced efficiency and performance. However, this endeavor is accompanied by several challenges that require careful consideration and strategic planning:

• Data Integration and Quality Assurance: AI algorithms rely on clean, diverse, and voluminous data for accurate insights, posing significant hurdles in data integration and ensuring data quality.
• Compatibility and Integration: Seamless integration with existing systems is essential but challenging, requiring meticulous planning to prevent disruptions.
• Talent Acquisition and Upskilling: Organizations must acquire skilled professionals proficient in AI technologies to drive successful implementation, posing a challenge in talent acquisition and upskilling initiatives.
• Regulatory and Ethical Considerations: Navigating regulatory frameworks and ethical guidelines surrounding AI deployment adds complexity, requiring a thorough understanding of legal obligations.
• Cybersecurity: AI-powered systems are prime targets for cyber threats, necessitating robust security measures to safeguard critical infrastructure assets and mitigate cybersecurity risks. Despite these challenges, organizations that effectively navigate the complexities of AI integration stand to unlock unprecedented efficiency gains and performance enhancements in infrastructure management.

A Glimpse into the Future

As the trajectory of the Global AI Infrastructure Market indicates, the demand for AI infrastructure is poised for exponential growth. With a projected value of $309.4 billion by 2031, the market reflects the increasing recognition of AI as a transformative force across industries. In 2024 and beyond, organizations must embrace AI as a cornerstone of their strategic vision, harnessing its transformative power to drive efficiency, performance, and innovation. By leveraging AI-driven insights, infrastructure managers can navigate the complexities of tomorrow’s world with confidence, unlocking new possibilities and shaping a future where efficiency knows no bounds.

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About Crayon

Crayon, a global leader in IT and digital transformation services and the largest independent ‘cloud economics’ practice, strongly believes in the “Pay-per-usage” model – organizations must pay for the IT resources they actually need. Crayon is the most reliable and trusted technical advisor for many of the world’s leading organizations. Through unique people, tools, and systems, the company ensures the best ROI from complex technology investments. Crayon – specialized in software asset management (SAM), cloud and volume licensing and associated consulting services, is headquartered in Oslo, Norway with offices around the world. For more information, visit: https://www.crayon.com/ 

Safeguarding the Frontline of Healthcare: How to Defend Against Aggressive New DDoS Attacks

Article by Neal Quinn, Head of Cloud Security Services, North America at Radware.

In today’s healthcare landscape, the seamless operation of digital applications and services is mission-critical, with patient care increasingly dependent on technology and data accessibility. Any disruption to these data and systems can carry severe repercussions, endangering patient safety, compromising the integrity of sensitive data, and tarnishing healthcare’s reputation. This is why the surge in cyber threats has become such a critical concern.

The fact that healthcare is a prime target for cyber threats is not new. Traditionally, healthcare providers have been the center of financially motivated ransomware attacks. Ransomware is a type of malware that denies its victims access to data and computer systems, usually encrypting it until a ransom is paid to attackers.

What is newer, however, is that healthcare now attracts different types of bad actors with techniques and tactics of their own. Motivated by religion and politics, nation-state actors and hacktivist groups are building a reputation for launching global distributed denial-of-service (DDoS) campaigns to create a direct threat to public health and safety. A DDoS attack is designed to overwhelm the devices, services, and network of its intended target with fake internet traffic, rendering them inaccessible to legitimate users. For healthcare, this means vital digital services are down.

DDoS warning signs

Earlier this year, pro-Russian hacktivist group, Killnet and its affiliates coordinated a series of DDoS attacks against medical centers and healthcare facilities across the United States and Europe. According to the U.S. Health Sector Cybersecurity Coordination Center, more than 90 orchestrated DDoS attacks took aim at healthcare organizations across the U.S., including Level 1 trauma centers, in late January 2023 alone.

To keep healthcare organizations guessing, even DDoS attacks are evolving in sophistication. For example, a large hospital network was targeted by an international hacktivist group and hit by a new type of aggressive, layer 7, HTTPS Flood attack, also known as a Web DDoS Tsunami attack.

The hospital network experienced nearly a dozen major attack waves during a period of six weeks. The attacks consisted of short bursts under 10 minutes long with 30-50 thousand requests per second (RPS) each. Each attack wave pattern varied, requiring protection systems with a high degree of automation to dynamically adapt the signature to the attack pattern. Because the attacks masqueraded as legitimate web requests, they were also difficult to detect. What many healthcare organizations don’t realize is that traditional protections based on pre-existing signatures or rate-based detections are not designed to defend against this emerging type of attack without blocking legitimate traffic.

Understanding organizational risks

Regardless of the attacker, their motivations or tactics, the end result looks the same for healthcare. The availability of mission-critical systems is threatened; patient care is disrupted; and sensitive data is exposed. Key areas of organizational risk include:

• Operational Risks: Healthcare institutions lean heavily on electronic health record systems, patient portals, and communication platforms for fundamental tasks like patient care, appointment scheduling, and electronic medical record access. Any disruption to this digital framework jeopardizes patient well-being. DDoS attacks obstructing access to patient records or medical devices can stall vital treatments, risking lives.
• Security Risks: Interestingly, some threat actors have used DDoS attacks to serve as a smokescreen to divert attention while hackers attempt to breach the institution’s security and access sensitive patient data. These attacks invariably lead to data breaches that expose private patient information, resulting in legal and regulatory consequences, financial penalties, and damage to the institution’s reputation.
• Financial Risks: The costs associated with DDoS attack mitigation, service restoration, and the implementation of additional security measures can be substantial. Furthermore, revenue loss stemming from service disruptions and potential patient attrition can further diminish an institution’s financial health.
• Compliance and legal Risks: Healthcare institutions operate under the stringent governance of regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR). A DDoS attack resulting in data breaches can lead to compliance breaches and bring forth severe penalties, including fines and legal actions.

A prescription for DDoS protection

As malicious actors get smarter and more adept, healthcare providers face an urgent imperative: to rethink their cybersecurity strategies and systems. To uplevel defenses against the emerging generation of DDoS attacks that are currently targeting healthcare, here are some important factors to consider:

• Utilize DDoS protection with behavioral-based detection: In an environment where  network-layer and encrypted application-layer DDoS attacks are growing in frequency, complexity and severity, traditional defenses that rely on brute force mitigation mechanisms, such as volumetric detection, rate limiting and geo-blocking fall short. Instead, automated solutions that adapt in real-time and surgically block attacks without blocking incoming traffic should be a critical part of a defense strategy. This approach enables healthcare providers to more accurately distinguish between malicious and legitimate users and deliver better protection with lower false positives.
• Leverage cloud-based DDoS protection: Look for a cloud-based DDoS protection solution that routes network and application traffic through a security provider’s scrubbing centers or points of presence. This approach ensures that incoming connections undergo thorough inspection to prevent malicious requests from reaching vital networks and applications and that critical patient care systems stay up and running.
• Explore the advantages of a hybrid solution: Healthcare providers manage protected health information (PHI), which is subject to a variety of compliance requirements. The security of this data is paramount, which is why many organizations are hesitant to share the SSL/TLS encryption keys used to protect it with third-party vendors. To mitigate encrypted DDoS attacks while retaining control of the encryption keys, on-premise DDoS mitigation appliances can be deployed within the organization’s network. Combining cloud services with on-premise appliances can be an optimal solution for larger organizations with specific needs.
• Consider a managed security service for the heavy lifting: Given the often limited size of internal security and IT teams within healthcare organizations, many lack the expertise to handle massive DDoS attacks, particularly those targeting complex application-layer vectors. Enlisting a managed security service as part of a DDoS protection strategy can help healthcare organizations augment their resources during times of attack.

In a landscape where cyberattacks show no sign of abating, “good enough security” is no longer sufficient for safeguarding healthcare’s frontline. To shield the mission-critical infrastructure of today’s healthcare industry and guarantee uninterrupted patient care, DDoS protection must be comprehensive, automated, and tailored to confront next-generation cyber threats, regardless of their scale or complexity.

On National Technology Day, Tech Leaders Highlight Urgency of Cybersecurity Measures and AR/VR Innovations

Prashanth GJ
CEO
TechnoBind Solutions

“On National Technology Day, we recognize the pivotal role of technology in driving progress while acknowledging the pressing need to fortify our critical cloud infrastructure against cyber threats.

In the age of increasing cyber threats, safeguarding cloud infrastructure is paramount. Cyber threats, ranging from state-sponsored attacks to sophisticated criminal operations, pose significant risks to our digital operations. To effectively protect our cloud infrastructure, we must adopt a comprehensive approach. This includes investing in cutting-edge cybersecurity technologies such as robust firewalls, intrusion detection systems, and encryption protocols. Proactive threat intelligence and information sharing are also crucial for staying ahead of emerging threats.

By collaborating with industry peers, government agencies, and cybersecurity experts, we can gain valuable insights into evolving threat landscapes and adopt proactive defense strategies accordingly. Additionally, ongoing employee training and awareness initiatives are critical for promoting a culture of cybersecurity vigilance within our organization, empowering every team member to identify and respond to potential threats effectively. By prioritizing these measures, we can mitigate risks and ensure the resilience of our critical cloud infrastructure.

As we celebrate National Technology Day, let us reaffirm our commitment to securing our digital future. Together, we can harness the power of technology while safeguarding against rising cyber threats, paving the way for a prosperous tomorrow“.

Venkataraman D,
Vice President – Sales & Strategy,
Crayon Software Experts India

“On this National Technology Day, we celebrate the relentless pursuit of innovation driving our industry towards unprecedented heights. AR and VR represent more than just technological novelties; they are catalysts for revolutionizing the sales process. With AR, sales professionals can augment reality by overlaying digital information onto the physical world, offering customers immersive product demonstrations and personalized experiences. Through VR, businesses can transport clients into virtual environments, allowing for interactive showcases, virtual tours, and training simulations that transcend traditional boundaries.

The advancements in AR and VR technologies have profound implications for the sales landscape. By leveraging these tools, companies can enhance customer engagement, foster deeper connections, and streamline the purchasing journey. Imagine a retail experience where customers can try on clothes virtually or visualize furniture in their homes before making a purchase. Such immersive experiences not only drive sales but also cultivate brand loyalty and customer satisfaction.

As the Vice President of Sales & Strategy at Crayon, a leading IT and digital transformation firm, I recognize the strategic importance of investing in AR and VR technologies. While the initial costs may seem daunting, the long-term benefits far outweigh the expenses. By staying at the forefront of technological innovation, businesses can gain a competitive edge, future-proof their operations, and drive sustainable growth.

On this National Technology Day, let us embrace the transformative potential of AR and VR in revolutionizing sales technology. Together, we can unlock new possibilities, redefine customer experiences, and propel our industry towards a brighter, more innovative future”.

AI: Reshaping Leadership Perspectives

Satish Kumar V
CEO
EverestIMS Technologies

In the rapidly evolving business landscape, Artificial Intelligence (AI) has emerged as a pivotal force, not just in terms of technological capabilities but also in reshaping the strategic vision of CEOs and organizational leaders. This transformative power of AI, especially within IT Operations (ITOps), offers a compelling narrative on how modern organizations can harness AI to not only streamline operations but also foster innovation, competitive advantage, and sustainability.

 

The Paradigm Shift in Leadership Thinking

The integration of AI into business ecosystems is compelling CEOs to rethink and reimagine their strategies. Traditional models of leadership that prioritized intuition and experience are now being augmented with data-driven decision-making and predictive analytics. This shift is not about replacing human insight but enhancing it with AI’s capabilities to analyze vast amounts of data, identify patterns, and predict future trends with remarkable accuracy.

Leaders are now viewing AI as a crucial ally in navigating the complexities of the global market. The ability to swiftly analyze market trends, consumer behavior, and operational efficiencies offers CEOs a clearer picture, enabling more informed and strategic decision-making. Furthermore, AI’s predictive capabilities are allowing leaders to anticipate challenges and opportunities, positioning their organizations for success in an unpredictable world.

Accelerated Introduction of AI: A Strategic Imperative

For organizations aiming to remain competitive and innovative, the accelerated introduction of AI into their operations is becoming a strategic imperative. Early adopters of AI in ITOps are already reaping significant benefits, including improved operational efficiency, reduced costs, and enhanced capability to innovate.

However, integrating AI into an organization’s fabric requires more than just technological investment. It necessitates a cultural shift towards embracing data-driven decision-making and continuous learning. CEOs and leaders play a crucial role in driving this change, demonstrating commitment to AI initiatives and fostering an environment where experimentation and innovation are encouraged.

Organizational Benefits of AI Integration

One of the distinguishing features of AIOps is its ability to continuously learn and adapt. Machine learning algorithms analyze data patterns, adapt to changes in the IT environment, and refine their models over time. This continuous learning ensures that AIOps platforms stay ahead of evolving challenges and maintain peak performance. As the digital landscape evolves, AIOps becomes a dynamic ally, evolving alongside the IT ecosystem it manages.

The benefits of integrating AI into organizational operations, especially within ITOps, extend across various dimensions:

• Operational Excellence : AI-driven automation and predictive analytics lead to significant improvements in system reliability and uptime, directly impacting the bottom line by reducing costs associated with downtime and system failures.
• Strategic Agility : With AI’s predictive insights, organizations can swiftly respond to market changes, consumer demands, and emerging threats, ensuring they remain agile and can pivot their strategies as necessary.
• Innovation & Competitive Advantage : AI’s capabilities enable organizations to explore new business models, enhance customer experiences, and develop innovative products and services, thereby securing a competitive edge in the market.
• Employee Empowerment : By automating routine tasks, AI allows employees to focus on higher-value work, fostering creativity, innovation, and job satisfaction. This not only enhances productivity but also aids in attracting and retaining top talent.
• Sustainability and CSR : AI can significantly contribute to an organization’s sustainability goals, optimizing resource utilization, reducing waste, and enabling more efficient operations. Additionally, AI-driven insights can support more effective Corporate Social Responsibility (CSR) initiatives by identifying and addressing environmental and social issues more effectively.

As AI continues to evolve, its role in shaping organizational strategies and operations will only grow more significant. For CEOs and business leaders, the message is clear: embracing AI is not an option but a necessity for ensuring future success. The journey towards AI integration requires vision, leadership, and a willingness to embrace change. However, the rewards — from operational excellence to strategic agility and innovation — are well worth the effort. As we look to the future, AI stands as a beacon.