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Aiming to alleviate the prices and time-drains CISOs face holding cloud, community and safety operations facilities (SOCs) safe, Palo Alto Networks made a compelling case at its Ignite ’22 cybersecurity convention to consolidate safety tech stacks. Like CrowdStrike, which is consolidating tech stacks as a development technique, Palo Alto Networks’ newest monetary outcomes, earnings name and bulletins at Ignite ’22 all mirror an intensifying give attention to capitalizing on consolidation. 

Palo Alto’s 2022 What’s Next in Cyber survey finds that 77% of C-suite leaders say they’re extremely more likely to scale back the variety of safety options and companies they depend on. Their responses present {that a} typical world enterprise has a median of 31 cybersecurity apps, companies and instruments, and contracts with 13 totally different distributors. Forty-one % of organizations are working with 10 or extra cybersecurity distributors. With safety budgets underneath higher scrutiny for the enterprise worth they ship, CISOs have to drive income to advance their careers. Consolidating duplicate methods helps enhance the accuracy and intelligence an built-in tech stack can present whereas lowering prices and bettering cybersecurity’s income contribution. 

Promoting the consolidation imaginative and prescient at Ignite ’22  

Palo Alto Networks has created a compelling imaginative and prescient that places consolidation on the core of its go-to-market technique. “And clients are literally onto it. They need the consolidation as a result of proper now, clients are going by way of the three largest transformations ever: They’re going to community safety transformation, they’re going by way of a cloud transformation, and [though] lots of them don’t know … they’re about to go to an SOC transformation,” mentioned Nikesh Arora, Palo Alto Networks chairman and CEO, throughout his keynote.   

Promoting the advantages of consolidating cybersecurity functions and instruments on a single platform is working. The corporate’s fiscal first-quarter income grew 25% yearly to $1.6 billion, and financial first-quarter billings grew 27% yearly to $1.7 billion. “On the middle of our technique is the necessity to drive extra consolidation to get clients to a greater safety posture. In the direction of that finish, we proceed to see massive cross-platform buys and develop our millionaire clients at a gradual clip,” Arora mentioned on Palo Alto’s recent earnings call.

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The corporate depends on upselling and cross-selling from its Strata, Prisma Cloud and Cortex platforms, capitalizing on alternatives with prospects and clients to interchange redundant, usually legacy functions, instruments and methods.

Strata, Prisma Cloud and Cortex from Palo Alto Networks
The corporate’s evolving platform technique is creating extra alternatives to consolidate clients’ tech stacks whereas capitalizing on unified risk intelligence. Supply: Palo Alto Networks 2021 Analyst Day Presentation

Keynotes and senior administration Q&A classes all through Ignite ’22 strengthened this consolidation imaginative and prescient by emphasizing the necessity to safe hybrid, multi-cloud configurations, assist clients cope with accelerating digital transformation, and acknowledge how “in 5 years SOCs shall be run utilizing AI,” in keeping with firm founder and CTO Nir Zuk. The intensifying safety panorama is feeding into the consolidation imaginative and prescient, given the proliferation of assaults and the necessity for higher risk intelligence and extra trusted companions on the platform.     

Prisma and Cortex have cybersecurity momentum  

Ignite ’22 supplied proof factors of Palo Alto Networks’ intensive R&D spending on cloud safety and safety operations, together with two of the three platforms the corporate depends on for its product and companies income as we speak. VentureBeat spoke with a number of CISOs, CIOs and IT leaders at Ignite ’22 to see if the build-out of Prisma Cloud and Cortex is scalable sufficient to deal with clients’ wants past community safety.  

The safety leaders instructed VentureBeat that Prisma’s “shift left” technique, strengthened by the acquisition of Cider Security, together with Software program Composition Evaluation (SCA), is required to offer the instruments a company wants to provide Software program Payments of Supplies (SBOMs). The aim is to adjust to the White Home’s Executive Order 14028, which requires software program distributors to offer an SBOM, and the necessities within the September 14, 2022 memorandum from the director of the Workplace of Administration and Finances (OMB) to the heads of govt department departments and businesses. 

“Out-Innovating the Attackers,” the keynote by Lee Klarich, Palo Alto Networks’ chief product officer, was one of the best presentation at Ignite ‘22 as a result of it confirmed how the corporate’s 4,000 devops engineers and product managers are translating pressing challenges clients face into merchandise. An instance of how efficient the product group is at innovating will be seen in Prisma Cloud’s new bulletins, seen within the slide beneath from Lee’s presentation. SCA and the Cider Safety acquisition are desk stakes for securing software program provide chains.

Prisma Cloud's Innovation is Shifting Cloud Security "Left"
Strengthening Prisma Cloud with new functions, instruments and methods is required to safe its clients’ software program provide chains. CISOs with whom VentureBeat spoke gave the corporate excessive marks for getting this completed. Supply: Ignite ’22 convention

Energetic assault floor administration (ASM) is now on the Cortex platform  

Xpanse Energetic ASM goals to assist safety groups not simply actively discover but in addition proactively repair their identified and unknown internet-connected dangers. Xpanse Energetic ASM equips organizations with automation to offer them an edge over attackers. “Whereas the elemental want for assault floor administration hasn’t modified, as we speak’s risk panorama is way totally different. Organizations want an lively protection system that operates sooner than attackers can,” mentioned Matt Kraning, chief expertise officer of Cortex for Palo Alto Networks.

“Because the chief and pioneer within the ASM market, we notice that clients want full, correct and well timed discovery and remediation of dangerous exposures of their internet-connected methods. With Xpanse Energetic ASM, we give defenders the flexibility to see their exposures immediately and shut them down routinely, with no human labor required.”

Xpanse Energetic ASM supplies the next:

  • Energetic Discovery: Attackers use frequent, automated probes to search out weak and uncovered belongings. Organizations want instruments that give them the identical visibility. The Energetic Discovery module refreshes its internet-scale database a number of occasions day by day and makes use of supervised machine studying (ML) to map these vulnerabilities precisely. This helps a company get an outside-in view of its community — the identical view attackers have.
  • Energetic Studying: Xpanse repeatedly processes discovery knowledge, mapping new knowledge to the individuals liable for every system. The Energetic Studying module repeatedly analyzes and maps the streamed discovery knowledge to grasp and prioritize prime dangers in actual time. In consequence, clients can keep forward of attackers by closing down the riskiest exposures shortly.
  • Energetic Response: Whereas instantaneous discovery of vulnerabilities and exposures may give safety groups a practical danger image, figuring out points isn’t sufficient. Automated remediation is essential to staying forward of attackers. It saves response time within the SOC by eliminating the guide step of making a ticket for analysts, who should then spend hours of guide effort monitoring down the proprietor of the affected system and resolving the vulnerability. True automation is fixing the end-to-end remediation course of with out human intervention. Energetic Response contains native embedded computerized remediation capabilities that use Energetic Discovery knowledge and Energetic Studying evaluation to routinely shut down exposures earlier than they permit threats right into a community. It executes ASM-specific playbooks to triage, deactivate and restore vulnerabilities routinely.

The Xpanse Energetic Response module contains built-in end-to-end remediation playbooks. These playbooks routinely remove crucial dangers, similar to uncovered Distant Desktop Protocol (RDP) servers and insecure OpenSSH cases, with none guide labor.

Following remediation, Energetic Response routinely verifies that remediation was profitable by scanning belongings, compiling audited actions and inserting investigation particulars into clear dashboards and stories.

Introducing Xpanse Active ASM
Palo Alto Networks lately introduced a multiyear deal for Cortex Xpanse to equip the
Division of Protection with Web Operations Administration capabilities. Supply: Ignite ’22 Convention

The $100 billion market cap stays elusive  

For Palo Alto Networks to be the primary cybersecurity firm to achieve a $100 billion market capitalization, as CEO Nikesh Arora has predicted in an interview, there are a number of challenges the corporate should first overcome to realize aggressive parity. 

Most noticeable at Ignite ’22 was the necessity for extra companions to be exhibiting Palo Alto’s options and higher enthusiasm for companion options on the a part of Palo Alto Networks’ clients. To achieve a $100 billion market cap, channel and expertise companions should ship extra income globally, not simply within the U.S.    

Second, regardless of the brand new merchandise that capitalize on the corporate’s evolving machine studying experience as Xpanse Energetic ASM does, Palo Alto Networks nonetheless isn’t displaying that it has AI and ML embedded in its DNA. Contemplate CrowdStrike’s fast improvements in ML, with Menace Graph, Asset Graph, Falcon Uncover for IoT and lots of services and products launched simply this yr.

Devops is considered one of Palo Alto Networks’ strongest areas as we speak, based mostly on what was introduced at Ignite ’22. To achieve that $100 billion market cap, it wants to satisfy its imaginative and prescient of working an SOC on AI in 5 years or much less whereas specializing in utilizing ML as a devops pressure multiplier throughout all product methods.

Companions wanted

Palo Alto Networks additionally announced a zero-trust community entry (ZTNA) partnership with Google. Palo Alto’s Prisma Entry will workforce with BeyondCorp Enterprise from Google Cloud to allow customers to work collectively securely and seamlessly on totally different gadgets from totally different areas. Nevertheless, this gave the impression to be extra a validation of labor the 2 firms have already completed collectively than one thing basically new.

With zero belief dominating almost each dialog as we speak, the dearth of companion bulletins was a missed alternative to generate extra curiosity in Palo Alto Networks’ companion base. Paradoxically, if Palo Alto opened up ZTNA gross sales alternatives to companions extra, it may make vital positive factors towards its $100 billion market cap objective.

As Nikesh mentioned within the keynote, “the one method you will get zero belief safety is thru Palo Alto.” Offering companions with a chance to revenue from that technique would energize the realm of the corporate that should scale probably the most to achieve that market cap objective.

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