Radware Security Report: Q2 2021 Blocked DDoS Attack Volumes Up More Than 40% Year Over Year
MAHWAH, N.J., July 29, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced results from its Q2 2021 DDoS Attack Report. The report revealed that second quarter blocked DDoS attack volumes were up more than 40% compared to the same period in 2020. The report provides an overview of DDoS attack trends by industry, as well as across applications and attack types.
“While large ransomware attacks are capturing headlines, there are other cyber threats that companies need to pay attention to,” said Pascal Geenens, director of threat intelligence for Radware. “From an increase in DDoS extortion campaigns and DDoS hit-and-run assaults, to a hacktivist group targeting financial organizations in the Middle East, the second quarter saw a concerning amount of cyber activity compared to the activity levels we saw during the same quarter last year. The results of this report should serve as a strong reminder to enterprises that no company is immune from being a target.”
Tech Topped Most Attacked Industries
Aggressive Burst Attacks Waged Against Tech and Finance Companies
Ransom Denial-of-Service Campaigns Resurge
Malicious Scanners Exploit Vulnerabilities
“Organizations are being challenged by well organized threat actors,” Geenens said. “The window between the disclosing and weaponizing of new vulnerabilities is getting very slim. In some cases, we observed less than 24 hours between a manufacturer publishing a patch and malicious activity trying to exploit the vulnerability.”
Radware’s full Q2 DDoS Attack Report can be found here along with charts and graphics. The data for the report is based on a sample set of Radware devices deployed in Radware’s cloud scrubbing centers and on-premise managed devices in Radware hybrid and peak protection services.
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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 the results of this report should serve as a strong reminder to enterprises that no company is immune from being a target, we are using 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: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; risks and uncertainties relating to acquisitions or other investments; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; changes in government regulation; outages, interruptions or delays in hosting services or our internal network system; compliance with open source and third-party licenses; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; 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.
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