Corero Network Security Expands DDoS Defense for Finance Sector

Corero Network Security's New Milestone

In a significant development for the cybersecurity industry, Corero Network Security has successfully secured a multi-year agreement with a major European financial institution. This partnership aims to bolster the resilience and availability of critical digital services, enhancing the protective measures against the ever-evolving cyber threats that financial institutions face. Corero, recognized for its excellence in DDoS protection, is set to make a remarkable impact on the security landscape of its client.

Significance of the Agreement

This strategic win not only highlights the strengths of Corero’s advanced technology but also emphasizes the vital partnership it shares with Akamai Technologies. The alliance between Corero and Akamai empowers clients with integrated security solutions, streamlining protective measures in complex enterprise environments. The financial institution in question will replace its current on-premises DDoS protection, which encountered numerous performance issues.

Enhanced Security Capabilities

The need for superior security has never been more critical, especially in the finance sector. Corero’s real-time mitigation capabilities play a pivotal role in this transition, offering unparalleled ease of use. The multi-year deal initially spans three years, with an option for a two-year extension, focusing on a single country and paving the way for future expansion opportunities.

Unified DDoS Defense Strategy

Integrating Akamai’s cloud-based DDoS protection with Corero’s on-premises solution, named Akamai Prolexic On-Prem powered by Corero, provides a unified defense model. This model enhances operational visibility and delivers proactive mitigation strategies that cater to the dynamic challenges posed by cyber threats.

Voices from Leadership

Carl Herberger, the CEO of Corero Network Security, remarked on the accomplishment, stating, "This agreement stands as a strong validation of our capabilities to address the high standards set by one of Europe’s trusted financial institutions. It not only showcases the value of our technology but also reinforces the importance of our collaboration with Akamai in delivering critical service availability to our customers. We are honored to be their provider of choice in security.”

Growing Demand for DDoS Protection

A growing trend is emerging in the financial sector as institutions increasingly seek integrated and proactive DDoS defense solutions. The pressing need for cybersecurity in finance has been underscored by increasing incidents of cyberattacks. This recent partnership between Corero and the financial institution reinforces the sector's commitment to maintaining uninterrupted operations and ensuring customer trust.

The Role of Akamai Technologies

Ankita Kharya, Director of Product Management at Akamai Infrastructure Security, added her insights, stating, "This strategic partnership and win are pivotal to our mission of safeguarding critical sectors globally. By blending Corero's real-time on-premises DDoS mitigation with our renowned cloud platform, we deliver a seamless and robust security solution that financial institutions can rely on." This collaborative effort is indicative of the forward-thinking approaches necessary to tackle the modern cybersecurity landscape.

About Corero Network Security

Corero Network Security specializes in providing unparalleled DDoS protection solutions that focus on automatic threat detection. Their expertise spans network visibility, analytics, and reporting tools, allowing them to protect clients against both external and internal threats. With operational centers strategically located across the globe, Corero ensures internet service availability is not just a promise, but a reality for organizations. Their listing on the London Stock Exchange as well as the US OTCQX Market (tickers CNS and DDOSF) reflects their prominence in the cybersecurity arena.

Frequently Asked Questions

What is the significance of the partnership between Corero and the financial institution?

This partnership enhances the security framework of the financial institution, allowing for better protection against DDoS attacks and service disruptions.

How does Corero's technology improve cybersecurity for its clients?

Corero’s technology offers real-time DDoS mitigation and comprehensive operational services, ensuring high availability and responsiveness against cyber threats.

What motivates the increasing demand for DDoS protection in the financial sector?

The rise in cyberattacks targeting financial institutions drives the need for advanced protective measures to safeguard sensitive information and maintain service continuity.

What is included in the Akamai Prolexic On-Prem solution?

The Akamai Prolexic On-Prem solution includes an integrated defense model that uses both cloud-based and on-premises capabilities for enhanced threat response.

Where is Corero Network Security headquartered?

Corero Network Security is headquartered in London, with operational centers in Massachusetts and Edinburgh, providing a global reach in cybersecurity solutions.

About The Author

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