Palo Alto Networks and PwC Join Forces to Boost Cybersecurity Defenses

Rhea-AI Summary

Palo Alto Networks (PANW) and PwC have expanded their partnership to offer enhanced managed detection and response (MDR) services, integrating PwC's Managed Cyber Defence with Cortex XDR™. This collaboration aims to improve security for clients by leveraging global threat intelligence and advanced detection capabilities, reducing attack response times from days to minutes. The integration promises to enhance security operations and provide 24/7 coverage, benefiting organizations of all sizes and industries.

Positive

• Expanded partnership with PwC enhances cybersecurity offerings.
• Integration of PwC's Managed Cyber Defence with Cortex XDR improves threat detection and response.
• Significantly reduces response time to cyberattacks from days to minutes.
• Provides 24/7 security operations coverage for customers.

Negative

• None.

SANTA CLARA, Calif., Oct. 29, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, and PwC today announced an expanded partnership to deliver managed detection and response (MDR) services to joint customers. The offering combines MDR services delivered by PwC — Managed Cyber Defence — and Cortex XDR™ by Palo Alto Networks. Together, customers can take advantage of a state-of-the-art managed threat hunting, protection, detection and response service from anywhere, globally.

The Managed Cyber Defence service fuses the power of PwC's global threat intelligence, thousands of hours of incident response expertise, and advisory services with Cortex XDR, the industry's first fully integrated detection and response platform, to provide a unique level of protection with unrivaled visibility and detection capabilities. As a result, security teams can significantly reduce attack dwell time, down to minutes, and manual day-to-day security operations workloads by up to 90%, elevating organizations to a mature security posture.

According to Christina Richmond, vice president of Worldwide Security Services research at IDC, "The evolving threat landscape has forced organizations to mature their security capabilities, creating opportunities for PwC to elevate their offerings and provide a blending of managed security/MDR and professional security capabilities."   

Built to cater to organizations of any size, in any industry, PwC's Managed Cyber Defense reduces response times from what typically takes days to minutes, minimizing the likelihood of an emerging threat manifesting as a breach. Detection of emerging attacker behaviors and pivoted attack scenarios put organizations on a path to proactive defense against "the unknown," while extending protection across on-premises, cloud, virtualized and IoT environments.

Cortex XDR is the industry's first extended detection and response platform that runs on integrated endpoint, network, cloud and third-party data to reduce noise and focus on real threats. By combining Cortex XDR with MDR services, customers can relieve the day-to-day burden of security operations and achieve 24/7 coverage, from alert management and investigation to incident response.

Colin Slater, cyber security partner at PwC UK, had this to say:

"Our unique market insight and trusted relationships with our clients makes us best placed to advise on their cyber challenges. Using this in-depth knowledge, we have meticulously created a service offering to address our clients' pain points. We are excited to work with Palo Alto Networks as the market demands new ways to do detection and response. COVID-19 has spurred a move to remote work at a scale that has left many businesses more vulnerable than ever to cyberattacks because they are less able to respond and recover remotely. PwC's cybersecurity team has responded to several major incursions from nation-state threat groups and mitigated cyber breaches caused by vulnerabilities introduced through transitions to remote work at scale. Preventing these attacks is a core element of the PwC and Palo Alto Networks approach."

Shailesh Rao, senior vice president for Cortex at Palo Alto Networks, offered:

"We are thrilled to expand our partnership with PwC through the delivery of best-in-class managed detection and response (MDR) services powered by Cortex XDR to our joint customers. More and more enterprise customers have validated PwC's service over the last year in detecting and responding to cyberattacks. The combination of advisory services, analytics, and modern, AI-driven detection and response capabilities and metrics, with visibility across an enterprise's entire infrastructure, is made possible by our unmatched joint Cortex XDR and MDR service offering."

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

For more information on PwC's cyber security team, please go to pwc.co.uk/cybersecurity.  

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, 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.

 

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SOURCE Palo Alto Networks, Inc.

FAQ

What is the recent partnership between Palo Alto Networks and PwC?

Palo Alto Networks and PwC have expanded their partnership to provide enhanced managed detection and response (MDR) services to customers.

How does the new MDR service benefit customers of PANW?

The new MDR service combines PwC's Managed Cyber Defence with Cortex XDR, significantly reducing cyberattack response times and enhancing overall security operations.

What is Cortex XDR and how is it used in the partnership?

Cortex XDR is Palo Alto Networks' integrated detection and response platform that helps to identify and mitigate cyber threats effectively when combined with PwC's services.

When was the partnership between PANW and PwC announced?

The expanded partnership was announced on October 29, 2020.

What does the integration of MDR services entail?

The integration of MDR services involves combining threat intelligence and response capabilities to provide a comprehensive cybersecurity solution for clients.