Radware Launches New Cloud Security Center in Taiwan


MAHWAH, NJ August 29, 2022 06:00 AM

Delivers faster mitigation response times and complies with data sovereignty requirements

Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security center in Taiwan. The facility will enable customers in Taiwan to secure their datacenters, networks, web and mobile applications, and their APIs with minimal latency, as well as mitigate compliance processes involved in offshore routing.

The new security center will protect customers against denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. This includes the OWASP Top 10 Web Application Security Risks for 2021, OWASP Top 21 Automated Threats to Web Applications, OWASP API Security Top 10, as well as volumetric distributed denial-of-service (DDoS) and application-level DDoS attacks.

According to Radware’s First Half 2022 Global Threat Analysis Report , during the first six months of 2022:

  • The number of malicious DDoS attacks climbed 203% compared to the first six months of 2021.
  • The average number of DDoS events per month, per customer was almost 1.5 times higher in the first half of 2022, compared to 2021 and 2020.
  • The number of malicious web application transactions grew by 38%, compared to the first six months of 2021, surpassing the total number of malicious transactions recorded in 2020.

“As the size and speed of cyberattacks continue to rise, the launch of the new cloud security center in Taiwan enables us to deliver faster mitigation response times in the region along with the highest levels of security protection,” said Haim Zelikovsky, vice president of Radware’s cloud security services business. “The center also meets a growing demand for local security that complies with data sovereignty requirements.”

The new security center in Taiwan is the latest addition to Radware’s cloud security network. Today, the network includes over 10Tbps of mitigation capacity across more than 50 security centers located around the globe.

“Radware continues to make investments in protecting businesses and governments alike from the growing threat of cyberattacks,” said Alan Lee, regional director for Radware in Taiwan and Hong Kong. "Taiwan is located within an influential hub in the Asia-Pacific region. Information security is regarded as a national security issue. Setting up a cloud security center in Taiwan will help improve information security standards and increase regional cyber defenses.”

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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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 that setting up a cloud security center in Taiwan will help improve information security standards and increase regional cyber defenses, we are using 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; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; 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; our ability to successfully implement our strategic initiative to accelerate our cloud business; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; risks and uncertainties relating to acquisitions or other investments; 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; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; changes in government regulation; outages, interruptions, or delays in hosting services or our internal network system; compliance with open source and third-party licenses; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; our ability to attract, train, and retain highly qualified personnel; 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.

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