Symantec boosts unprecedented industry collaboration to drive down cost and complexity of cybersecurity
Symantec has announced that more than 120 companies have joined forces with Symantec to drive down the cost and complexity of cybersecurity, while improving response times to protect enterprises against sophisticated threats.
This unprecedented industry collaboration reflects a “platform shift” in the cybersecurity industry, as new research from Enterprise Strategy Group (ESG) shows enterprise customers are looking to consolidate vendors and adopt more integrated platforms backed by an open ecosystem.
Symantec has also 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. All are built on Symantec’s ICD Platform, which provides a unified framework for information protection, threat protection, identity management and compliance across endpoints, networks, applications, and clouds.
Art Gilliland, EVP & GM Enterprise Products, Symantec, says, “There’s a seismic shift happening in cybersecurity. The old way of fighting cyberattacks 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.”
ESG recently published new customer research showcasing how the lack of a cohesive security technology strategy creates real problems for enterprises, leading customers to seek more integrated platforms and fewer, more strategic vendors. The key findings based on the research include –
· More than 80 per cent of C-level executives said threat detection and response effectiveness is impacted by too many independent point tools;
· 53 per cent of organizations have a problematic shortage of cybersecurity staff and skills; and
· 91 per cent of enterprises are actively consolidating or considering consolidating the cybersecurity vendors with whom they conduct business.
Symantec started building ICD two and a half years ago with its acquisition of Blue Coat Systems, which added best-of-breed web and cloud security technologies to Symantec’s market-leading endpoint, email and data loss prevention (DLP) technologies. At the time, Symantec saw and heard that customers were spending enormous time and resources to integrate point technologies in order to derive real value from their cybersecurity investments. So, the company invested in a strategy and roadmap to deliver an integrated platform that significantly reduces cost of operations while improving the speed and accuracy of prevention, detection and response in order to reduce risk.
Symantec now has more than 120 partners in TIPP, who are building or delivering more than 250 new applications and services that integrate with Symantec’s ICD Platform, so enterprise customers can reduce the cost and complexity of their security operations. In addition, Symantec is now launching a new “Innovation Playground” program within TIPP to simplify integration with startups. The new program will enable startup teams to leverage Symantec APIs and gain access to products, engineering resources, and customer innovation days.
As evidenced by Symantec’s recent quarterly earnings, more and more customers are moving beyond individual products to adopt the ICD platform and portfolio.
Symantec is introducing three new technology innovations today that extend ICD for shared intelligence and shared management across multiple technology components, as well as new “threat aware” data protection capabilities –
· ICD Exchange: A universal data exchange that shares events, intelligence and actions across Symantec and third-party systems, improving visibility for security teams and security operations centers, so they can take faster action and increase automation.
· ICD Manager: Shared management capabilities that will provide customers with unified visibility into threats, policies and incidents, helping them to reduce incident response times from days to minutes.
· Data Loss Prevention 15.5: New data loss prevention (DLP) software that integrates with Symantec’s market-leading endpoint protection suite to help customers stop untrusted apps before they compromise confidential data. This “threat aware” data protection is one of many breakthroughs made possible due to Symantec’s ICD platform investments.
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