Radware Expands AI-Driven Application and Network Protection for a Top 5 Bank in Italy

Core Insights - Radware expanded its agreement with one of Italy's top 5 banks to provide a comprehensive suite of network and application security solutions, including Cloud Application Protection and Cloud DDoS Protection Services [1] - The bank's decision to enhance its cybersecurity measures was driven by a significant increase in Web DDoS attacks, which surged by 265% in the first half of 2024 compared to the second half of 2023 [3] - The expansion of security services is also influenced by the upcoming enforcement of the European Union's Digital Operational Resilience Act (DORA), which mandates improved cybersecurity practices by January 17, 2025 [4] Company Offerings - Radware's Cloud Application Protection Services include a web application firewall (WAF), bot detection and management, API protection, client-side protection, and application-layer DDoS protection, designed to minimize false positives [5] - The Alteon application delivery controller provides embedded security features such as a web application firewall and bot management, defending against various threats including OWASP vulnerabilities and API assaults [6] - Radware's solutions utilize AI-driven algorithms for real-time protection against sophisticated cyber threats, making them suitable for enterprises and carriers facing evolving cybersecurity challenges [8] Industry Context - The financial sector is under pressure to reassess cybersecurity frameworks due to the rise in cyber threats and the need for compliance with new regulations [5] - The increase in Web DDoS attacks highlights the growing importance of robust cybersecurity measures in protecting financial institutions' infrastructure and applications [3] - The enforcement of DORA reflects a broader trend towards stricter regulatory controls in the financial industry, emphasizing the need for enhanced operational resilience [4]