Radware Launches New AI SOC Xpert: A Game Changer for Application Security Incident Management

MAHWAH, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Radware^® (NASDAQ:RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today launched its AI SOC Xpert. The new cloud security service redefines how modern security operation centers (SOCs) manage DDoS and application security incidents, leveraging AI-based technology to drastically cut mean time to resolution (MTTR) by up to 95%. Designed to instantly resolve incidents, the innovative technology provides SOC teams automated attack detection, immediate forensics data, and precisely tailored remediation plans that can be implemented by a click of a button.

The AI SOC Xpert is the latest addition to Radware EPIC-AI™, which integrates Agentic-AI architecture and generative AI algorithms across the company's cloud security platform.

"With this game changing cloud service, SOC analysts of all skill levels can advance as DDoS and application security experts—and just in time," said David Aviv, Radware's chief technology officer. "Radware is leveraging the latest advancements in GenAI to successfully combat the most sophisticated zero-day exploits created by cybercriminals. AI SOC Xpert empowers SOC teams to do more with less. It streamlines data access, attack detection, and decision-making so they can focus on strategic tasks rather than manual processes and respond to cyberthreats with unprecedented speed and accuracy."

To help customers protect their brands and significantly reduce the time, effort, and costs in managing DDoS and application security incidents, Radware's new AI SOC Xpert is built to:

• Automatically detect attacks: Using AI-based analysis, it detects and adapts to attacks as they evolve in real-time.
• Rapidly resolve incidents: AI SOC Xpert automatically generates remediations that are tailored to a specific incident and implemented through a click of a button.
• Reduce root cause analysis lag: The new service ingests large data sets of security events and performs deep analysis to automatically generate root cause analysis and reduce MTTR by up to 95%, a leading indicator of solution quality.
• Streamline access to forensic data: For quick answers to questions and recommendations about security incidents, it offers immediate access and full visibility to forensic data via an AI-prompt assistant.
• Lower operational costs with guided tuning: To enhance the accuracy of security policies, AI SOC Xpert makes policy tuning recommendations without the need for manual rule-setting and human intervention.
• Reduce delays with onboarding: The AI-powered tool expedites onboarding and integration with existing operations, enabling rapid deployment and shrinking time to value.

Radware has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management 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.

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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 in this press release that AI SOC Xpert empowers SOC teams to respond to cyberthreats with unprecedented speed and accuracy, we are using forward-looking statements. 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.

Media Contact:

Gerri Dyrek

Radware

[email protected]