Russian telecoms company Veon already stopping hundreds of DDoS attacks every day, with further spikes expected
MAHWAH, N.J., June 25, 2018 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, provides the power behind the cyber defenses of Russian telecommunications leader Veon during the World Cup, which began on June 14, 2018. The technical support of the solution applied is provided by a Russian partner “AKON Technologies” LLC.
The anti-DDoS protection extends to Veon’s local consumer brand Beeline, which is one of the three largest mobile service providers in Russia. Veon began working with Radware in 2013, maintaining regular system updates and upgrades.
The World Cup provides an increased platform for hacktivists, cyber criminals and nation state hackers to spread a message, make a profit or create disorder for attention. Communication networks are at risk as attackers seek to disrupt news coverage and match broadcasts in the home, online and on mobile, and interfere with everything from results systems to online betting sites.
“The World Cup has the potential to be one of the most vulnerable sporting events in modern history,” said Yoav Gazelle, Vice President of EMEA and CALA sales for Radware. “The attacks started one day prior to the start of the tournament. Since then, we have been facing ongoing attacks from multiple sources and on various attack vectors. We predict that attacks will eclipse the numbers we saw at the last World Cup in Brazil, where it was reported that nearly 90,000 attacks took place over one month.”
“The enormous demand on networks also creates a challenge of distinguishing between a flash crowd and a DDoS attack. But Radware’s behavioral algorithms not only make an accurate distinction between attack and legitimate user traffic but also instantly detect unknown attacks at a minimal false positive rate. By using Radware technology, Beeline is prepared to defend against these attacks and its customers will be provided with high quality anti-DDoS protection”.
Alexander Golubev of Beeline added,“Recent attacks have targeted the Winter Olympics and Champions League final, so taking down a target during the World Cup would be the cherry on the cake for many hackers. Using Radware technology, we are already accurately mitigating thousands of attack attempts every day, with no false positives, so our customers can be safe in the knowledge that they will be well protected and our service will continue to be unaffected during the tournament”.
VEON, a NASDAQ-listed global provider of communications services, formerly known as VimpelCom, aspires to lead the personal internet revolution for the 235 million customers it serves today, and many others in the years to come.
About AKON Technologies
«AKON Technologies» LLC provides a set of services for the development and implementation of information security systems (including systems for the protection of personal data), enterprise data networks and voice, backbone and access networks for telecommunications operators. Implementation of these systems include work on pre-survey (Information Systems Audit), development and coordination of the Technical Specifications, design, implementation, and subsequent delivery to the customer services. The company specializes in the design of complex integrated solutions for secure IT-infrastructure of an enterprise.
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 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. For more information, please visit www.radware.com.
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©2018 Radware Ltd. All rights reserved. The 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/. FIFA, WORLD CUP 2018, RUSSIA 2018, 2018 FIFA World Cup and all related logos are trademarks of FIFA or its affiliates. All other trademarks and names are property of their respective owners.
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 that: “We predict that attacks will eclipse the numbers we saw at the last World Cup in Brazil”, 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, 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 www.sec.gov or may be obtained on Radware’s website atwww.radware.com.
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