Deloitte and Palo Alto Networks Announce Strategic Alliance to Securely Enable Customer Digital Transformation Initiatives

Rhea-AI Summary

Deloitte has partnered with Palo Alto Networks (NYSE: PANW) to provide integrated Zero Trust and multi-cloud cybersecurity solutions for enterprise and government clients. This alliance combines Deloitte's cyber risk consulting with Palo Alto's cybersecurity platform, aiming to enhance security infrastructure for organizations transitioning to digital frameworks. Key offerings include Zero Trust enablement, potentially reducing compliance costs by up to 40% and downtime by 80%, alongside cloud security automation services designed to mitigate cyber risks in real-time.

Positive

• Deloitte and PANW's collaboration enhances cybersecurity solutions for enterprise and government sectors.
• Potential for up to 40% reduction in security compliance costs and 80% decrease in dwell time.
• Joint solutions target critical industries like healthcare, financial services, and telecommunications.

Negative

• None.

NEW YORK, July 28, 2021 /PRNewswire/ -- Deloitte has just formed a strategic alliance with global cybersecurity leader Palo Alto Networks (NYSE: PANW) to deliver integrated, end-to-end Zero Trust and multi-cloud cybersecurity solutions to their mutual enterprise and government customers. Deloitte is ranked No. 1 in security consulting services by revenue in the Gartner Market Share report.

The alliance brings together Deloitte's award-winning cyber risk consulting services and Palo Alto Networks' platform security capabilities to deliver broad solutions designed to help customers simplify complex security infrastructure while increasing speed and agility, enabling them to protect their most important digital initiatives and realize the full value of their cybersecurity investments.

Migration to the cloud and the need to expand beyond perimeter-based security models to protect applications, data, networks, and devices for distributed workforces are parts of the digital transformation many organizations are pursuing to stay innovative and agile. Similarly, organizations are adopting more flexible, integrated security solutions that simplify complex, costly security architectures and provide data-driven, identity-aware visibility across the attack surface.

Per ESG's "The State of Zero-trust Security Strategies," by ESG Senior Analyst John Grady, April 13, 2021, "Zero-trust approaches are arguably more relevant than ever due to the increasingly distributed nature of the modern enterprise.  Whether implementing least-privilege tenets for user access or securing the connections to and between the disparate aspects of today's hybrid multi-cloud deployments, zero trust can provide a framework to secure even the most complex environments. The sudden shift to work-from-home models has only highlighted the importance of a zero-trust approach."

Deloitte and Palo Alto Networks have jointly developed solutions that Deloitte will deliver to mutual customers via its Zero Trust and cloud security orchestration automation and response services. The alliance combines Deloitte's integrative, risk- and change-management capabilities with Palo Alto Networks' market-leading cybersecurity platform technologies, with an initial focus on serving the public sector, critical infrastructure, financial services, healthcare, life sciences, telecommunications and media industries. 

The solutions and their benefits include:

• Zero Trust Enablement: Deloitte's Zero Trust offering encompasses cyber assessment, strategy, design, configuration and integration services that align to leading Zero Trust principles. The offering will leverage Palo Alto Networks' broad portfolio of security technologies to accelerate organizations' adoption of Zero Trust, including identity management to enhance context-aware policy decisions across on-premises, hybrid and private/public cloud environments. From our joint experience, alignment to Deloitte's Zero Trust Framework leveraging the Palo Alto Networks security portfolio can deliver tangible benefits such as the potential for up to a 40% reduction in security compliance costs, 80% decrease in dwell time (time to detect, respond and remediate), and lowered customers' total cost of ownership by 35%. 
• Cloud Security Automation and Orchestration: Deloitte's Cloud Security offering combines Palo Alto Networks Prisma® Cloud, the industry's only comprehensive Cloud Native Security Platform, and Cortex® XSOAR, the market-leading extended security orchestration, automation and response platform, with Deloitte's cloud security controls framework and library of cloud security use cases. Customers can build automated preventive, detective and corrective controls across the spectrum of cyber risk domains, embedding security into the fabric of their cloud deployment and delivering cloud security services in an innovative, unified and rapid approach. This can help reduce customers' cloud risk windows from minutes or hours to near-real time while reducing the complexity and cost of compliance. 

"Organization-wide digital transformation demands highly coordinated, strategic and holistic change management to realize success.  Taking a proactive approach to cyber risk management by embedding security into the fabric of digital initiatives — often through adoption of Zero Trust, automation and orchestration — enables that change in a risk-aware fashion, identifying and addressing security gaps early in the process instead of waiting for trouble to arise.  Together, Deloitte and Palo Alto Networks will assist our clients in achieving their digital business goals while building secure, resilient enterprises." said Kieran Norton, Deloitte Risk & Financial Advisory infrastructure solution leader and principal, Deloitte & Touche LLP.

"Zero Trust and cloud adoption are both journeys that Deloitte and Palo Alto Networks are exceptionally equipped to address for our customers. Deloitte has deep experience supporting major digital transformations, while Palo Alto Networks' integrated cybersecurity platform of network, cloud and threat capabilities addresses the attack surface holistically, providing secure access anywhere, and driving visibility and compliance across the infrastructure and the cloud," said Prem Iyer, vice president of Ecosystems, Global Systems Integrators, Palo Alto Networks.

Deloitte's and Palo Alto Networks' integrated Zero Trust enablement and cloud security automation and orchestration solutions are currently available in the U.S.

Gartner, Market Share: Security Consulting Services, Worldwide, 2020, Elizabeth Kim, 6 April 2021

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Palo Alto Networks
Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, Cortex, Prisma, and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 330,000 people worldwide connect for impact at www.deloitte.com.

Contacts
Shelley Pfaendler	Mara Mort
Public Relations	Corporate Communications
Deloitte Services LP	Palo Alto Networks
spfaendler@deloitte.com	mmort@paloaltonetworks.com

As used in this document, "Deloitte" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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SOURCE Deloitte; Palo Alto Networks

FAQ

What is the strategic alliance between Deloitte and PANW?

Deloitte and Palo Alto Networks have formed a strategic alliance to deliver integrated Zero Trust and multi-cloud cybersecurity solutions.

What benefits does the Deloitte and PANW alliance offer?

The alliance offers significant benefits including a potential 40% reduction in security compliance costs and an 80% reduction in response time to cyber threats.

When was the partnership between Deloitte and PANW announced?

The partnership was announced on July 28, 2021.

Which industries are targeted by the solutions from Deloitte and PANW?

The solutions target industries like healthcare, financial services, telecommunications, and the public sector.

What is Zero Trust in the context of the Deloitte and PANW alliance?

Zero Trust refers to a cybersecurity framework that requires strict verification for everyone trying to access resources in an organization, regardless of whether they are inside or outside the network.