Company's security research team works with affected customer to devise solution
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced it is the first to offer protection against the cyber attacks that recently caused the slowdown or crash of approximately 27 websites – government and commercial – in the US and Korea and is still ongoing.
The attacks, which appear to be a variant of the MyDoom (defined as MyDoom.EA) worm potentially delivered through an email payload, generated a well-coordinated distributed denial of service (DDoS) offensive on pre-selected targets. The attacks caused havoc for government and commercial websites beginning on the 4th of July weekend in the US and spreading to South Korean government and commercial websites with the attacks being renewed again on the 9th. Approximately 50-65,000 computers were recruited into the botnet, which flooded target websites, such as the Federal Trade Commission, New York Stock Exchange, and Yahoo! Finance in the U.S. and Shinhan Bank, Naver.com and the Defense Ministry of South Korea, with access requests causing them to slow or crash.
Radware’s Security Operations Center (SOC) that also identified and offered a fix for the recent “Slow Loris” denial-of-service attack and the iPhone Safari vulnerability, quickly mobilized to devise a solution with an affected customer. The end result was the creation of signatures that protect these sites and others at risk from this newly created wave of cyber attacks that while deceptively simple, still managed to evade the defense mechanisms of the affected sites. The signatures will be available for download for customers in a few hours on Radware’s website at: http://www.radware.com/Customer/SecurityZone/default.aspx.
“Attacks like these can be highly detrimental to the running of a government agency or a business,” stated Avi Chesla, Vice President Security Products, Radware. “These types of incidents once again demonstrate the advantages of implementing a hybrid solution like DefensePro. DefensePro’s unique APSolute Immunity capabilities offer a powerful combination of real-time behavioral identification and protection, which are supplemented by traditional, research-based signatures for comprehensive attack prevention and mitigation.”
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for nearly 10,000 enterprises and carriers worldwide. With APSolute™, Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit www.radware.com.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching and Network Security industry, changes in demand for Application Switching and Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.