Radware, an Israeli firm that provides application delivery and application security solutions for virtual and cloud data centers has been awarded a multi-million dollar contract from a national American financial services company for its cyber-attack mitigation service called DefensePro.
The company did not reveal the name of the financial services firm in question. That’s probably a good idea so that hackers will not know exactly who uses their product.
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People these days are very much concerned about the possibility of hackers stealing their banking and credit card information and with good reason. Everything today is available on computer servers somewhere and more and more firms are using on line cloud computing instead of private servers.
Identity theft is a very real problem and several major U.S. retailers have recently had their credit card systems hacked leaving countless Americans exposed to credit card fraud.
Many people today use debit cards which leave them under a greater threat because their whole bank accounts could be cleaned out. So companies like Radware step in to try and help banks and retailers avoid these problems.
DefensePro, according to Radware, employs multiple detection & mitigation modules including adaptive behavioral analysis and challenge response technologies in addition to signature detection. This, the company boats, enables the attack mitigation device to detect and mitigate emerging network attacks in real time such as zero-minute attacks, DoS/DDoS attacks and application misuse attacks ― all without the need for human intervention and without blocking legitimate user traffic.
According to Radware, due to the evasive and encrypted nature of an SSL-based attack that leaves front line network security tools blind to the attack, the financial services company also incorporated Radware’s Alteon®NG in order to decrypt incoming traffic and route it to the DefensePro. The AlteonNG provides advanced, end-to-end local and global load balancing capabilities for all web, cloud and mobile based applications. Both DefensePro and AlteonNG are core products of Radware’s Attack Mitigation System (AMS).
“Financial institutions are on the front-lines of cyber-attacks and detecting and mitigating these attacks with a high degree of quality and in real-time is critical, ” says Carl Herberger, vice president of security solutions for Radware. “Realizing this, attackers are beginning to encrypt their attacks with SSL to complicate a bank’s protection capabilities. Considering this, the investment of deploying DefensePro with SSL protections in several of their datacenters will help secure their networks, applications, and most of all, customer data.”