GARANTI BBVA Relies on Radware for Availability and Attack Mitigation During Major Security Events

Donnerstag, 14. Mai 2020 12:00

MAHWAH, N.J., May 14, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, has helped leading Turkish bank Garanti BBVA maintain availability and security during two major crises in the past six months - a history-making volumetric attack followed soon after by the disruption associated with the COVID-19 pandemic.

“The customers of financial services organizations demand availability and a sense of normalcy even in unpredictable times,” said Anna Convery-Pelletier, Radware’s Chief Marketing Officer. “Our twenty-year relationship with this bank is a case study in Radware’s track-record of continuous innovation to match new technology demands while also maintaining high levels of support.”

In October 2019, Radware helped Garanti BBVA maintain service level availability as massive DDoS attacks disrupted internet access throughout Turkey. During the campaign, the bank faced a 700-900 Mpps volumetric attack that lasted approximately 36 hours. 

More recently, Radware helped the bank maintain compliance with stringent Turkish security regulations on financial institutions as it managed a dramatic increase in the number of remote employees in response to the COVID-19 pandemic.  The increase in remote employees led to a sharp and immediate rise in external traffic to the bank’s network. To ensure that legitimate users weren’t blocked, Radware appliances and a team of expert support staff were able to dynamically adjust traffic thresholds using Radware’s attack mitigation system to avoid false positives.

“Radware’s attack mitigation allows us to sleep at night,” said Cihan Subasi, IT Security Operation Unit Manager for Garanti BBVA. “At the beginning of each attack it saves our critical initial attack downtime before the cloud services kick in, saving us four to five minutes of downtime for each attack, and when you multiply that against an average of 20 events a year, it’s a significant saving.”

Garanti began using Radware’s Alteon® line of enterprise application delivery controllers and load balancers nearly two decades ago. Today, Radware protects Garanti’s on-premise data centers and its more than 500 mobile and internet hosting sites, from an array of attack vectors that include DDoS assaults, Layer 7 attacks, HTTP/S-based attacks, and volumetric assaults. The bank’s application and microsite hosting infrastructure are often struck by UDP-, NTP amplification-, LDAP injection, and DNS-based attacks as well.

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 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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©2020 Radware Ltd. All rights reserved. Any 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/. All other trademarks and names are property of their respective owners.

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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.” When we quote the bank saying that at the beginning of each attack our attack mitigation system saves the bank’s critical initial attack downtime, that 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: outages, interruptions or delays in hosting services or our internal network system; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; 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; 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.

Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com

 

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