Radware secures record cloud security deal with US financial giant

Radware has announced the signing of its largest cloud security services agreement to date, marking a significant expansion of its existing relationship with a major U.S.-based financial technology firm.

The customer, a Fortune 500 financial services and payments company and one of the top 10 merchant acquirers in the United States, has entered into a multi-year, multimillion-dollar agreement with Radware.

As part of the new deal, the customer will expand its use of Radware's cloud-based security portfolio to manage its increasing digital operations and rising exposure to cyber threats. The agreement will see the company scale across Radware's full suite of cloud security services, including AI-driven protection for both applications and networks. The move is intended to safeguard thousands of applications and billions of digital transactions processed by the financial institution.

Radware said the deal was awarded based on its ability to offer a fully integrated, high-capacity cloud security solution that scales with the customer's needs while minimising operational burdens. The agreement spans Radware's Cloud DDoS Protection Service and Cloud Application Protection Service. The latter includes several specialised capabilities, such as the company's Cloud Web Application Firewall Service, bot manager and Web DDoS Protection.

Neal Quinn, head of North American cloud security services at Radware, said the customer required a scalable solution that could keep up with the rapid pace of its business growth while responding to increasingly sophisticated cyber attacks.

"Our customer's rapid growth trajectory required an end-to-end cloud security platform that could keep pace with evolving cyber threats without burdening operational resources," Quinn said.

"This landmark agreement reinforces Radware's enormous potential in cloud security and is a testament to our continued investment in the U.S. market. It showcases the trusted partnerships we have built with some of the most demanding digital businesses in the world," he added.

The suite of cybersecurity tools being deployed includes Radware's EPIC-AI technology, which incorporates advanced artificial intelligence and generative AI algorithms.

These capabilities are engineered to provide consistent, real-time protection against a wide range of digital threats across cloud, on-premises and hybrid infrastructure environments.

According to Radware, EPIC-AI enables automatic adaptation to changes not only in the threat landscape but also in the structure and behaviour of applications and networks themselves. This dynamic response aims to improve detection and mitigation of attacks, reduce the time needed to resolve incidents, and support customers in meeting regulatory compliance obligations.

By integrating these services, the financial company will be better positioned to defend against denial-of-service attacks, malicious bots and other online threats that can compromise data and disrupt operations.

Radware has not disclosed the exact financial details of the agreement or the identity of the customer, in line with commercial confidentiality.

However, the company describes the deal as a milestone that reflects increasing market demand for intelligent, automated cloud security solutions that can keep pace with digital transformation initiatives.

The agreement highlights Radware's continued strategic focus on serving large-scale, high-demand enterprise customers in the financial sector. The company views this expanded engagement as a validation of both its technology platform and its long-term investment in the North American market.