Radware Expands Its Cloud Workload Protection Service to Include Crypto-Jacking Detection
16 July 2019 - 8:00PM
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 RadwareRadware® (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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solutions mentioned in this press release are protected by
trademarks, patents and pending patent applications of Radware in
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see: https://www.radware.com/LegalNotice/. All other
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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
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such differences include, but are not limited to: outages,
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Media Contacts:Deborah
SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Investor Relations:Anat Earon-Heilborn+972
723917548ir@radware.com
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