Provide one-stop shop to help organizations defend against a rise in hacker attacks
MAHWAH, N.J., March 05, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it signed a managed security service provider (MSSP) agreement with CHT Security (stock code: 7765). The new agreement represents an expansion of an existing relationship. CHT Security, one of Taiwan’s leading MSSPs, is a subsidiary and security arm of Chunghwa Telecom Co., Ltd., the largest telco in the country.
CHT Security is leveraging Radware’s AI-powered Cloud Application Protection Services to further enhance its product portfolio and offer customers across Taiwan state-of-the-art application security. CHT Security also uses Radware’s on-prem DefensePro® DDoS Protection to defend its customers against cyber attacks.
The agreement comes at a time when the frequency and intensity of cyber attacks is increasing in the region. According to a Radware threat advisory, Pro-Russian hacktivist groups, including NoName057(16), RipperSec, and the Cyber Army of Russia, launched a series of DDoS attacks against more than 50 targets in Taiwan, including government sites, airports, and financial services organizations. In addition, the rapid development of network technology and continuous software and hardware updates are creating security gaps for enterprise websites and applications, leaving them vulnerable to zero-day attacks and exposing them to the risk of hacker extortion and data leakage.
To address organizations’ application security needs, Radware's Cloud Application Protection Service offers a one-stop shop that includes an industry-leading web application firewall (WAF), bot detection and management, API protection, client-side protection, and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution defends against 150+ known attack vectors. This includes the OWASP’s Top 10 Web Application Security Risks, Top 10 API Security Vulnerabilities, and Top 21 Automated Threats to Web Applications.
“We are looking forward to partnering with Radware to expand our product offering and engage with customers at an even higher level of service,” said Jeff Hung, general manager from CHT Security. “Combined with CHT Security’s rich practical experience and 24X7 expert SOC team, we can provide our customers with multi-layered defense services against today’s most sophisticated threats.”
Today, CHT Security offers cybersecurity services to more than 300 large-sized enterprises, more than 40,000 small and medium-sized enterprises, and a million individual and household clients. The company’s clientele includes government agencies, financial institutions, high-tech companies, healthcare, retail, and critical infrastructure sectors.
“We are excited to expand our long-standing relationship with CHT Security,” said Yaniv Hoffman, Radware’s vice president of sales in APAC. “It is becoming increasingly difficult for already short-staffed security teams to defend against a threat landscape that is constantly evolving with more frequent and complex attacks. Through our joint efforts, we can not only help organizations solve these challenges and increase the security around their critical assets, but also create a win-win for the Taiwan market.”
Radware has received numerous awards for its solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, IDC, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.
About Radware Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.
Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.
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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: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively;a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; 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.
