Akamai and Kyndryl Collaborate to Offer Zero Trust Segmentation Services

Rhea-AI Summary

Akamai Technologies (NASDAQ: AKAM) and Kyndryl (NYSE: KD) have announced a collaboration to offer Zero Trust Segmentation Services. Kyndryl teams worldwide are certified to provide implementation and managed services for Akamai Guardicore Segmentation under the Guardicore certified Service Provider (GcSP) program. This collaboration aims to help customers accelerate Zero Trust implementations and address evolving cybersecurity challenges.

The partnership combines Kyndryl's consulting expertise with Akamai's technology to offer a seamless solution for designing and achieving Zero Trust, segmentation, and network security objectives. The service helps increase cyber resiliency by limiting lateral movement of threats and securing organizational assets and data through robust authentication methods and real-time, risk-based access policies.

Positive

• Collaboration with Kyndryl expands Akamai's market reach for Guardicore Segmentation
• Potential increase in revenue for Akamai's security segment
• Addresses growing demand for Zero Trust solutions amid increasing cyber threats

Negative

• None.

Insights

Cybersecurity Analyst

This collaboration between Akamai and Kyndryl is a strategic move in the evolving cybersecurity landscape. The partnership aims to address the growing threat of ransomware and lateral movement attacks by offering Zero Trust segmentation services. Key points to consider:

• The 143% increase in global ransomware victims highlights the urgent need for advanced security measures.
• 93% of respondents view microsegmentation as critical for ransomware defense, indicating strong market demand.
• Akamai's Guardicore Segmentation, combined with Kyndryl's implementation expertise, could potentially accelerate Zero Trust adoption for enterprises.
• This offering may strengthen Akamai's position in the security market, which has become their largest revenue driver.

For investors, this partnership could lead to increased revenue streams for Akamai in the growing cybersecurity sector. However, the impact will depend on market adoption rates and the effectiveness of the solution in real-world scenarios.

Market Research Analyst

This collaboration signifies a strategic alignment with current market trends and demands in cybersecurity. Several factors make this partnership noteworthy:

• The Zero Trust security model is gaining traction, with Gartner predicting 60% of organizations will embrace it by 2025.
• Microsegmentation is a key component of Zero Trust, addressing the limitations of traditional perimeter-based security.
• The partnership leverages Kyndryl's vast client base and consulting expertise, potentially accelerating Akamai's market penetration.
• It addresses the growing complexity of hybrid and multi-cloud environments, where traditional security measures fall short.

For Akamai investors, this move could enhance the company's competitive position in the lucrative enterprise security market. However, success will hinge on effective execution and the ability to differentiate from other Zero Trust solutions in a crowded marketplace.

New service can help customers accelerate Zero Trust implementations

CAMBRIDGE, Mass., Oct. 15, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a collaboration with Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, to deliver Micro-Segmentation Implementation Services with Akamai Guardicore Segmentation.

As network boundaries continue to shift and expand, and malicious attacks grow in sophistication, new approaches are needed to mitigate threats. Kyndryl teams worldwide are certified to provide implementation and managed services for Akamai Guardicore Segmentation under the Guardicore certified Service Provider (GcSP) program. Akamai Guardicore Segmentation will complement Kyndryl Zero Trust Services while bolstering capabilities and helping to solve customer challenges in the unique context of their networks.

According to an Akamai study, the abuse of zero-day and one-day vulnerabilities has led to a 143% increase in total ransomware victims globally, underscoring the need for the implementation of a Zero Trust framework. The same report found that 93% of all respondents claimed that microsegmentation is critical to help thwart ransomware attacks.

The combination of Kyndryl's consulting expertise with Akamai's technology can provide customers a more seamless option for designing, accelerating, and achieving their Zero Trust, segmentation, and network security objectives. Kyndryl Consult Micro-Segmentation Implementation Services and Akamai Guardicore Segmentation help increase cyber resiliency within an organization's IT infrastructure by limiting lateral movement of threats. They also help secure organizational assets and data by employing robust authentication methods and real-time, risk-based access policies.

"We're dedicated to helping customers navigate their ever-evolving cybersecurity challenges and security requirements," said James Carrigan, Jr., Vice President, U.S. Security and Resiliency Practice Leader at Kyndryl. "Collaborating with Akamai will allow us to further provide our customers with Zero Trust segmentation quicker and more efficiently."

"We're proud to continue our work with Kyndryl to be able to help our mutual customers on their Zero Trust journey," said Nathan Perdue, Vice President, Global Sales Enterprise Security at Akamai. "One of the reasons security has grown to be the largest revenue driver for Akamai is because of dedicated service providers like Kyndryl. We look forward to continuing to provide our customers with the support they need to grow and protect their own businesses."

Visit our Akamai Guardicore Segmentation page to learn more. Customers can also schedule a consultation with Kyndryl Consult experts and learn more about Kyndryl Consult Micro-Segmentation Implementation via the Kyndryl Bridge Marketplace.

About Akamai Security

Akamai Security protects the applications that drive your business at every point of interaction, without compromising performance or customer experience. By leveraging the scale of our global platform and its visibility to threats, we partner with you to prevent, detect, and mitigate threats, so you can build brand trust and deliver on your vision. Learn more about Akamai's cloud computing, security, and content delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on X, formerly known as Twitter, and LinkedIn.

Media Contacts
Akamai PR
AkamaiPR@akamai.com

Investor Relations
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SOURCE Akamai Technologies

FAQ

What is the purpose of Akamai and Kyndryl's collaboration announced on October 15, 2024?

The collaboration aims to offer Zero Trust Segmentation Services, helping customers accelerate Zero Trust implementations and address evolving cybersecurity challenges using Akamai Guardicore Segmentation.

How does the Akamai-Kyndryl partnership benefit customers seeking Zero Trust solutions?

The partnership combines Kyndryl's consulting expertise with Akamai's technology to provide a seamless solution for designing and achieving Zero Trust, segmentation, and network security objectives, increasing cyber resiliency and securing organizational assets.

What certification do Kyndryl teams have for implementing Akamai Guardicore Segmentation?

Kyndryl teams worldwide are certified under the Guardicore certified Service Provider (GcSP) program to provide implementation and managed services for Akamai Guardicore Segmentation.

According to Akamai's study, what percentage of respondents believe microsegmentation is critical for thwarting ransomware attacks?

The Akamai study found that 93% of all respondents claimed microsegmentation is critical to help thwart ransomware attacks.