Akamai Launches Managed Security Service Updates and New Premium Offering

Rhea-AI Summary

Akamai Technologies (NASDAQ: AKAM) announced enhancements to its managed security services on April 4, 2023, aimed at bolstering customer defenses against sophisticated cyber threats. The updates include increased access to security experts, reduced pricing on additional managed services, and a new premium support tier providing personalized assistance. The financial services sector has seen a substantial rise in web application attacks, indicating heightened security needs. The new offerings will be available from April 6, 2023, with aims to improve customer experience and escalation paths during security incidents.

Positive

• Increased access to Akamai security experts for customers.
• Pricing reductions on additional managed service offerings.
• Introduction of a premium service tier for personalized support.

Negative

• The financial services sector is experiencing a 257% increase in web application attacks, indicating growing security challenges.

Customers Have Increased Access to Akamai Security Experts to Help Protect from Sophisticated Cyberattacks

CAMBRIDGE, Mass., April 4, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today introduced an updated managed security service program and premium service offerings. The new capabilities are intended to help customers protect their businesses 24x7 from the most sophisticated attacks with proactive monitoring and rapid response in the event of a cyberattack. Customers can take advantage of access to more Akamai security experts, reduced pricing, and more direct assistance. In addition, a premium version of the service is available for customers seeking personalized support and prioritized escalation paths.

An ever-widening attack surface is challenging organizations with credential stuffing and distributed denial of service (DDoS) attacks that can disrupt and take down business services. Financial services is one of the most-targeted sectors according to a recent Akamai State of the Internet report, Enemy at the Gates. The industry has seen a 257% increase in web applications and API attacks, an 81% increase in bot activity that could lead to credential stuffing, and a 22% increase in DDoS targets year-over-year.

"Businesses everywhere are struggling to defend against sophisticated cyber adversaries who are determined to create chaos and hinder business continuity. Our customers have asked for higher levels of service, which is what we're delivering with Akamai's managed security service and premium offerings," said Roger Barranco, Vice President of Support Services at Akamai. "We're partnering with our customers in a way that augments the availability of highly skilled proactive cybersecurity professionals."

Updates to Akamai Managed Security Services

Akamai Managed Security Services  help customers realize new benefits including:

• Access to more Akamai Experts: Technical advisory hours with engagement managers and support delivery managers is included with no overage charges
• Same Price. More Value: The basic package price of Akamai's Managed Security Service remains the same. Pricing per any additional App & API Protector with Advanced Security Management (AAP/ASM) managed policy, Bot Manager Premier (BMP) managed endpoint, and price per managed Page Integrity (PI) configuration have all been reduced
• More Assistance: Off-hours configuration assistance, Akamai University seats, and quarterly customer business reviews included

More information about Akamai Managed Security Services is available on the product page.

Security Operations Control Center (SOCC) Premium Service Features

Akamai's premium service is designed to provide a customer-specific support experience and prioritized path to escalation. Premium service features include:

• Named Resources: Customers will have 24/7 access to SOCC experts with customer-specific information to drive better outcomes and alignment
• Increased Communication: Proactive communication from SOCC subject matter experts
• Reviews: Regular reviews with Akamai SOCC experts to collaborate and exchange information
• Superior Monitoring: Customers will have access to enhanced site monitoring and a customer-specific Security Incident and Event Management (SIEM) view in the SOCC dashboard
• Faster Escalations: Customers will have immediate access to Akamai subject matter experts and a quicker escalation path to SOCC management

Akamai's SOCC Premium Service will be available for customers starting on April 6, 2023.

About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai's security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

CONTACT: Akamai PR, akamaiPR@akamai.com

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SOURCE Akamai Technologies

FAQ

What is the significance of Akamai's managed security service updates on April 4, 2023?

The updates enhance customer protection against sophisticated cyber threats by providing increased access to security experts and reduced pricing.

When will Akamai's premium managed security service be available?

The premium service features will be available starting April 6, 2023.

How much has the financial services sector's web application attacks increased?

The financial services sector has seen a 257% increase in web application attacks year-over-year.

What new features does Akamai's premium service offer?

The premium service includes personalized support, superior monitoring, and faster escalation paths to security experts.

What are the pricing changes in Akamai's managed security services?

While the basic package price remains the same, pricing for additional services has been reduced.