Radware and Leading Latvian ISP Tet Sign Managed Security Services Provider Agreement

Core Insights - Radware and Tet have signed a managed security service provider (MSSP) agreement to enhance Tet's security offerings with Radware's AI-powered Cloud Application Protection Services [1][2] - The partnership builds on an existing relationship, with Tet already utilizing Radware's DefensePro® DDoS Protection for its business customers [2][3] - The collaboration aims to address the increasing threat of web DDoS attacks, which surged by 550% from 2023 to 2024, primarily driven by hacktivist groups [3][4] Company Overview - Radware is a global leader in application security and delivery solutions for multi-cloud environments, utilizing AI-driven algorithms for real-time protection against sophisticated cyber threats [7] - Tet is one of Latvia's largest technology companies, providing a wide range of ICT and pay-TV services, as well as cloud and cybersecurity solutions [6] Market Context - The MSSP model offered by Radware provides ISPs like Tet a low-risk method to introduce proven security services while creating new revenue streams [4] - The growing threat landscape and shortage of in-house security staff are prompting organizations to seek alternative strategies to enhance their security posture [4] Technology and Services - Radware's Cloud Application Protection Service includes a comprehensive suite of security solutions such as web application firewall (WAF), bot detection, API protection, and application-layer DDoS protection [4] - The service is designed to defend against over 150 known attack vectors, including the OWASP's Top 10 Web Application Security Risks [4]