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Radware®, a leading provider of cyber security and application delivery solutions and services, today launched its Cloud Malware Protection Service, built to detect, alert and block upon evasive zero-day malware that elude existing anti-malware defenses and steal data.
The new cloud service includes audit tools that continuously test the user’s network for gaps in its malware protections, as well as real-time reporting to help organizations comply with the notification requirements under EU GDPR and other regulations focused at private data protection. Radware’s Cloud Malware Protection Service relies on traffic analysis to detect communication anomalies indicative of evasive zero-day malware activity. It leverages advanced machine learning, patented A.I. algorithms, big data analysis, and a global community of over two million enterprise users to identify and block malicious traffic that is consistent with data theft.
“Businesses today need solutions that can identify and respond to new malware as they emerge in order to better protect organizations and their customer data,” said Haim Zelikovsky, Vice President of Radware’s Cloud Security. “Our new Cloud Malware Protection Service adds a new layer of malware detection and mitigation, addressing a major hole in cloud services.”
Zero-day malware is notorious for evading detection, and more than half (51%) of data breaches involve the use of malware, according to Verizon’s 2017 Data Breach Investigations report. The average data breach costs companies $3.6 million in damages, according to the 2017 Cost of Data Breach Study from Ponemon Institute, and a single breach could cost organizations many millions of dollars in damages and immeasurable reputational damage. Radware’s research shows that half of all malware circulating today is classified as a zero-day malware, not recognized by existing known signatures or access control lists. These malwares often slip past anti-malware defenses and may reside undetected in a network for months, while hackers exploit the network and look for sensitive data.
At the same time, regulatory agencies in the U.S. and EU have passed laws to make companies work harder to prevent the loss of Personally Identifiable Information (PII). New rules in the EU are especially stringent. Under the EU General Data Protection Regulation (GDPR), any company that controls private information of EU entities must have in place tight security controls to protect that data, and must notify authorities of any data breach within 72 hours of discovery. That notice must include the number of people affected, the categories of PII lost, and what the company is doing to stop the attack or halt its effects. Radware Cloud Malware Protection Service helps organizations meet these compliance requirements by detecting and blocking data-stealing malware in corporate networks, providing real-time alerts on data theft incidents, pinpointing breach sources and offering actionable mitigation steps to clean up malware infections.
“Modern malware is built to evade commonly employed cyber defenses. Using big data cloud platform together with machine learning and AI allows us to provide a new level of protection.” said David Aviv, Chief Technology Officer at Radware. “We intend to continue leveraging these technologies to further entrench Radware as a leading security company.”
The Cloud Malware Protection Service is a cloud-based service that does not require any installation of software or hardware. It plugs gaps in existing defenses with seamless integration while remaining an extremely cost-effective, low-touch solution.
About Radware
Radware® (radware.com), 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 more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down.
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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. For example, when we say “The new service will help organizations comply with the notification requirements under EU GDPR and other regulations focused at private data protection”., this is a forward looking statement. 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, as amended, 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 sec.gov or may be obtained on Radware’s website.
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