Provide one-stop shop to help organizations defend against a rise in hacker attacks
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.
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