Radware Expands Relationship with One of Africa’s Leading Banking Groups and Top 10 Most Valuable Banking Brands

MAHWAH, N.J., Jan. 18, 2023 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced that it expanded its relationship with one of Africa’s leading banking groups and top 10 most valuable African brands. As part of the new agreement, the customer added Radware’s Cloud Web Application Firewall (WAF) Service, Bot Manager and Emergency Response Team Services to its existing Radware solutions. The customer also uses Radware’s DefensePro® DDoS Protection and hybrid Cloud DDoS Protection Service.

Today, the financial services institution provides banking services to millions of customers. With malicious bot attacks pressuring its infrastructure and disrupting user services, the bank turned to Radware to bolster its application security. The customer wanted to more accurately detect and distinguish between legit customers, good bots, and bad bots as well as improve the mitigation of a growing array of automated attacks.

“Applications are the core of a financial services business. They are the primary revenue drivers, growth and retention engines, and main customer engagement platform,” said Yoav Gazelle, Radware’s chief business officer. “Radware’s one-stop-shop for cloud security services keeps banks and their applications protected against emerging threat vectors as their business grows. We were able to expand this customer relationship due to the technical strength and ease of use of our products, quick response times, seamless onboarding, and dashboard visibility.”

Radware’s application security continues to earn industry recognition. Radware was named a technology leader in KuppingerCole’s 2022 Leadership Compass Report for WAFs and Quadrant Knowledge Solutions’ 2021 SPARK Matrix™: WAF analysis. Radware’s WAF solution protects users from web application and OWASP top-10 attacks, access violations, attacks disguised behind CDNs, API manipulations, advanced HTTP attacks, brute force attacks, and other threats.

Radware was also named the technology leader in Quadrant Knowledge Solutions’ 2022 SPARK Matrix: Bot Management analysis, marking the third consecutive year the company received this recognition. Radware Bot Manager combines behavioral modeling for granular intent analysis, collective bot intelligence, and fingerprinting of browsers, devices, and machines to defend web applications, mobile apps, and APIs from automated threats and advanced human-like bots.

For customers facing application- and network-layer DDoS attacks, Radware’s Emergency Response Team provides 24×7 support and mitigation services. The group of security experts bolsters an organization’s security capabilities and resources by leveraging industry-leading experience, best practices, and real-time threat intelligence.

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 the Radware website.

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Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com