Allot NetworkSecure Selected by Verizon to Provide Network-based Cybersecurity Protection to their SMB Customers

Rhea-AI Summary

Allot Ltd (NASDAQ: ALLT) announced that Verizon has chosen its NetworkSecure solution to provide cybersecurity protection for some of its wireless and fixed wireless Small and Medium Business (SMB) and IoT customers. Allot will receive a monthly fee based on customer usage of the service, which offers protection against various cyber threats including malware and phishing attacks. This partnership signifies a move towards enhancing cybersecurity for Verizon’s customer segments while leveraging Allot’s clientless, zero-touch operation approach.

Positive

• Verizon selected Allot NetworkSecure for its SMB and IoT cybersecurity needs, indicating strong demand for Allot's services.
• Allot will receive recurring monthly revenue based on the number of customers using the NetworkSecure service.

Negative

• None.

Hod Hasharon, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers and enterprises, announced today that Verizon has selected Allot NetworkSecure to provide network based cybersecurity protection to segments of the company’s wireless and fixed wireless Small and Medium Business (SMB) and IoT customers to defend them against a broad range of cyber threats. Allot will be paid a monthly fee based on the number of customers receiving the service.

 

Allot NetworkSecure is a network-based cybersecurity service platform that offers zero-touch, clientless operation, requiring no application installation. With NetworkSecure, Verizon can offer its subscribers protection from the latest cybersecurity threats, including different types of malware such as ransomware, trojans, adware, viruses, and bots as well as phishing attacks. The NetworkSecure solution also offers SMB subscribers content filtering which can be configured to define what content types should be restricted for employees.

 

“We are proud to have been selected by Verizon to provide a network-based cybersecurity solution for their SMB customers. Allot NetworkSecure enables a zero touch approach that simplifies cybersecurity protection,” said Moshe Moran, Vice President of Sales, North America for Allot. “This is a testimony to the strength of the Allot cybersecurity solution.”

 

“With the addition of Allot, we’re bringing an embedded security solution to the wireless market, which will include Fixed Wireless Access and Internet of Things (IoT) connections,” said Steve Szabo, VP, Business Products, Verizon. “This offering paves the way for a network-based security portfolio that will simplify the customer experience and help provide peace of mind in today’s ever evolving cybersecurity landscape.”

FAQ

What is Allot NetworkSecure and why did Verizon select it?

Allot NetworkSecure is a network-based cybersecurity service platform that offers protection against various cyber threats, selected by Verizon to enhance cybersecurity for its SMB and IoT customers.

How will Allot be compensated by Verizon for the NetworkSecure service?

Allot will be paid a monthly fee based on the number of Verizon customers using the NetworkSecure service.

What types of cyber threats does Allot NetworkSecure protect against?

Allot NetworkSecure protects against malware, phishing attacks, and other cyber threats, including ransomware and adware.

What is the significance of Allot's partnership with Verizon?

The partnership enhances Verizon's cybersecurity offerings and demonstrates the market's demand for Allot's innovative services.

When was the announcement made regarding Allot's selection by Verizon?

The announcement was made on November 15, 2022.