Security Market Segment LS
Thursday, 28 February 2019 22:52

Industry collaboration driving down cyber security costs: Symantec

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Industry collaboration driving down cyber security costs: Symantec Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Security vendor Symantec claims an unprecedented industry collaboration with it and 120 companies globally is driving down the cost and complexity of cyber security, while improving response times to protect enterprises against sophisticated threats.

According to Symantec, collaboration with major players like AWS, Box, IBM Security, Microsoft, Oracle, ServiceNow and Splunk, as well as dozens of other technology innovators, is now building or delivering more than 250 products and services that integrate with its Integrated Cyber Defence platform.

“This unprecedented industry collaboration reflects a ‘platform shift’ in the cyber security industry, as new research from Enterprise Strategy Group shows enterprise customers are looking to consolidate vendors and adopt more integrated platforms backed by an open ecosystem," Symantec claims.

The company says an integrated defence improves security by increasing the speed and effectiveness, while greatly reducing the resources required.

“To make that shift even easier, Symantec also today announced important innovations – including a new universal data exchange, shared management capabilities, and upgraded data loss prevention software that help customers stop untrusted apps before they compromise confidential data,” it said on Thursday.

“There’s a seismic shift happening in cyber security,” claimed Art Gilliland, executive vice-president and general manager, Enterprise Products, Symantec.

“The old way of fighting cyber-attacks using fragmented tools has become too complex and expensive to manage. Integrated platforms are the future. We’re proud to be leading this platform shift with a clear vision and winning portfolio – along with hundreds of partners and thousands of experts working every day on the front lines to protect our customers. We are completely convinced that our best defence going forward is an integrated defence.”

“Almost two-thirds of large enterprises surveyed use at least 25 different cyber security products. For security operations centers, managing disparate tools can be ineffective, costly, and time consuming, especially considering the shortage of cyber security skills,” said Jon Oltsik, senior principal analyst and fellow, ESG.

“This explains why CISOs are looking to consolidate and integrate their security infrastructure with platforms and open architectures that provide advanced developer support and deliver a partner ecosystem with robust third-party integrations.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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