(image: Radware)
MAHWAH, N.J., July 16 (Korea Bizwire) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that its Cloud Workload Protection Service now identifies and mitigates coin-mining malware known as ‘crypto-jacking’ operations taking place in customers’ public cloud environments.
Malicious cloud-based crypto-jacking activity is increasingly a threat to organizations that run workloads within public cloud environments. According to IBM’s XForce Threat Intelligence Index for 2019, crypto-jacking has more than quadrupled year-over-year with a 450% increase. McAfee’s Threat Labs Report claims that coin-mining malware has grown more than 4,000% in the past year. Attackers seek out vulnerable cloud environments that they can penetrate in order to install crypto-mining software, collect money, and leave their unsuspecting targets to foot the bill. Threat actors are increasingly targeting enterprises that rely on public cloud environments because it is such a lucrative endeavor.
Radware’s Cloud Workload Protection Service uses automatic detection and response capabilities to identify, alert and block crypto-mining activity in public clouds, so as to protect organizations from financial losses or reputation damage due to such activity.
“Crypto-jacking is an increasingly lucrative business for hackers, thanks to new generations of malware that make it easier than ever to turn the computing power of compromised cloud environments directly into money,” said Haim Zelikovsky, Vice President of Cloud Business for Radware. “As cloud-based attacks continue to evolve, we likewise expanded our Cloud Workload Protection Service capabilities to address and help combat this type of cyber-crime.”
Radware’s Cloud Workload Protection Service includes an advanced analytics layer designed to identify malicious processes and external communications running on vulnerable hosts that are indicative of crypto-mining activities. Combining data collected from public sources, as well as from Radware’s organic Windows- and Linux-based sandbox environments, it provides a rich data set of crypto-mining controllers. Once crypto-mining activity is identified, security administrators are alerted and can work to mitigate exposure using either manual or automated tools provided by Radware.
Launched in February 2019, Radware’s Cloud Workload Protection Service makes Radware the leading security vendor to provide full-stack protection of applications hosted on public clouds, covering both the perimeter (WAF, DDoS, SSL, bot management, and threat intelligence) as well as the internal public cloud workload and cloud data (workload protection).
For more information, please visit www.radware.com/products/cloud-workload-protection/.
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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Safe Harbor Statement
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.”. For example, when we say that Radware’s Cloud Workload Protection Service uses automatic detection and response capabilities to detect, alert and block crypto-mining activity in public clouds, so as to protect organizations from financial losses or reputation damage”, this 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; compliance with open source and third party licenses; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; our ability to attract, train and retain highly qualified personnel; 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
Source: Radware via GLOBE NEWSWIRE
