Market Overview

IDT Corporation Selects ShieldX to Secure Cloud Investments

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After Deploying ShieldX Adaptive Intention Modeling Engine, IDT
Dramatically Accelerated Secure Cloud Migration and Decreased Firewall
Cost of Operations by 30 Percent

ShieldX
Networks
(ShieldX), the leader in elastic security, today announced
that IDT
Corporation
(NYSE:IDT), a global provider of communications and
payment services, selected
ShieldX
to effectively segment and secure its corporate
infrastructure, specifically for its cloud investment, which is becoming
a growing attack surface for advanced attacks and APTs, propagated via
lateral movement. As a result, the switch from a traditional firewall
provider to ShieldX's unique approach to the cloud, led
to a 30 percent decrease in cost of operations
.

"When exploring options from traditional network-based solutions, many
vendors overloaded us with alerts, and weren't architected for security
in a way that closed gaps and scaled with our business. We needed
something new," said Golan
Ben-Oni
, global chief information officer at IDT. "ShieldX's
forward-thinking method of protecting the cloud led us to an improvement
in our security effectiveness and we've already seen a reduction in our
operation costs. As we continue to replace dated, ineffective
investments with ShieldX's elastic security, we're anticipating a 50
percent reduction in cost."

In May 2017, IDT fell victim to a well-known, global, ransomware attack.
As a former victim of a cybersecurity incident, IDT took a future-facing
approach to the cloud and placed an emphasis on security, making it a
priority to select a scalable solution; one that allowed it to invest in
its cloud infrastructure as it continues to expand for business
innovation. This new strategy empowered IDT to fully embrace the
benefits of the cloud. However, traditional solutions lacked the
innovation to effectively address IDT's growing needs.

ShieldX's elastic security solution, the Adaptive
Intention Modeling Engine
, works natively and uniformly at scale
across environments, and doesn't force IDT to compromise business with
unacceptable trade-offs between performance, cost and risk. In just a
short time, ShieldX was able to automate key functions, allowing IDT to
do more with less – incorporating Artificial Intelligence into its
protection capabilities and improving business operations, while
reducing alerts and management oversight requirements.

"Many traditional vendors claim effective cloud security, but their
solutions use network-based capabilities that are ineffective in dynamic
cloud environments, which require tools that improve business operations
rather than disrupt them," said Ratinder Ahuja, Founder and CEO of
ShieldX. "We applaud IDT for its innovative method of securing the
cloud. Golan Ben-Oni's visionary approach is setting the standard for
the security industry and we look forward to a sustained relationship
with him and IDT."

To learn more about ShieldX and its revolutionary way of approaching
security in the cloud, visit https://www.shieldx.com/.

About ShieldX

ShieldX makes security the easiest thing enterprises do in the cloud.
ShieldX is a cloud-native network security platform that elastically
delivers a full stack of agentless security controls--IPS, firewall,
malware prevention, microsegmentation and more--to protect data centers,
cloud infrastructure, applications and data. Our driving philosophy is
to bring cloud speed, scale and orchestration into the hands of
security. Based on cloud agnostic microservices technology, ShieldX
ensures security understands and maintains vigilance over cloud
operations and workflows by continuously translating a security's
intention into controls as cloud infrastructure rapidly evolves. Today,
our customers, such as Alaska Airlines and IDT, have saved millions by
eliminating control sprawl and consolidating processes to dramatically
reduce tactical systems management.

About IDT Corporation:

IDT
Corporation
 (NYSE:IDT) provides communications and payment services
to individuals and businesses primarily through its flagship Boss
Revolution® and net2phone® brands. IDT's
wholesale carrier services business is a leading global carrier of
international long-distance calls. For more information on IDT, visit www.idt.net.

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