Radware Launches New Cloud Security Service Center in France

Core Insights - The number of malicious DDoS attacks increased by 94% globally from 2022 to 2023, with the finance sector being the most targeted, accounting for 41% of attacks in the EMEA region [2] - Radware has launched a new cloud security service center in Paris, enhancing its DDoS attack mitigation capacity to 15 Tbps across over 50 centers worldwide [3][8] - Anticipation of increased cyber-attacks during the 2024 Paris Olympics due to geopolitical tensions, highlighting the need for organizations to implement advanced security measures [4] Industry Trends - Hacktivist activity has surged, with a reported 185% increase in DDoS attacks in France during Q1 2024 compared to the same period in 2023 [2] - The finance industry remains the most vulnerable to cyber threats, followed by technology organizations and government institutions [2] Company Developments - The new facility in France aims to improve customer resiliency, comply with local data privacy laws, and reduce traffic latency while increasing service redundancy [8] - Radware is recognized as a market leader in cybersecurity by various industry analysts, reinforcing its position in the sector [9]