Palo Alto Networks Delivers What's Next in Security at Ignite '21

Rhea-AI Summary

Palo Alto Networks (NASDAQ: PANW) announced significant security innovations at its Ignite '21 conference, attended by 26,000 participants. Key highlights include the launch of Prisma Cloud 3.0, an integrated platform securing the entire application lifecycle, and the new Next-Generation CASB for enhanced SaaS security. The company also introduced Cortex XMDR, expanding managed detection capabilities through partnerships. Furthermore, WildFire advanced malware analysis is now available as a standalone product, reflecting Palo Alto's commitment to robust cybersecurity solutions in a cloud-driven era.

Positive

• Launch of Prisma Cloud 3.0 enhances cloud security posture, already adopted by 77% of Fortune 100.
• Next-Generation CASB significantly improves SaaS security, addressing gaps in legacy systems.
• Cortex XMDR Specialization increases accessibility of advanced threat detection and response solutions.
• Introduction of WildFire as a standalone product enhances advanced malware analysis capabilities.

Negative

• None.

SANTA CLARA, Calif., Nov. 16, 2021 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW) today showcased industry-first security innovations to help organizations protect a rapidly expanding attack surface.

Before an audience of 26,000 at its Ignite '21 conference, the cybersecurity leader unveiled breakthrough solutions, including Prisma^® Cloud 3.0, the first integrated platform to secure the full application lifecycle, and Next-Generation CASB (Cloud Access Security Broker), which raises the bar in SaaS security as organizations tackle exploding SaaS usage with hybrid work. Palo Alto Networks also announced the Cortex^® eXtended Managed Detection and Response (XMDR) Partner Specialization, combining its pioneering Cortex XDR 3.0 solution with managed services offerings from more than 15 partners — to empower customers' security operations.

"With the en masse shift to a hybrid workforce and rapid adoption of the cloud, the way work gets done has changed. SaaS collaboration apps are becoming key to a productive hybrid workforce, but SaaS security has not caught up. With the introduction of our Next-Generation CASB, we're the first to recognize and embrace this shift — and solve for it," said Lee Klarich, chief product officer, Palo Alto Networks. "At the same time, as applications are increasingly being developed and deployed in the cloud, Prisma Cloud 3.0 now secures the full cloud application lifecycle. Prisma Cloud continues to push the industry forward with this next evolution of cloud security."

Palo Alto Networks Ignite '21 announcements include:

Prisma Cloud 3.0: Integrated Platform Secures the Full Application Lifecycle
The industry's first integrated platform to shift security left, Prisma Cloud 3.0 significantly improves organizations' entire cloud security posture by reducing security risk at runtime. With a customer base that already includes 77% of the Fortune 100, the most complete Cloud Native Application Protection Platform (CNAPP) now also offers organizations cloud code security to embed critical protections in the development process, agentless security to complement existing agent-based protection and Cloud Infrastructure Entitlement Management (CIEM) for Microsoft Azure. Read more here.

Next-Generation CASB Helps Organizations Secure Soaring SaaS Usage 
Announced today, Palo Alto Networks Next-Generation CASB raises the bar in SaaS security to accommodate today's hybrid workplace. Developed to secure cloud applications, especially modern collaboration tools, that legacy SaaS security fails to protect, Next-Generation CASB helps organizations enable safe SaaS adoption by automatically securing new applications, accurately protecting sensitive data in real time, and stopping known and unknown threats with best-in-class threat detection and prevention. Read more here.

WildFire Advanced Malware Analysis: Available as a Standalone API for the New Digital Era
To meet the security needs of organizations interacting with customers in new ways online, Palo Alto Networks announced the availability of its WildFire^® cloud-based threat analysis as a standalone product. One of the largest advanced malware analysis solutions in the world, powered by crowd-sourced intelligence from over 80,000 customers, this new availability allows organizations to incorporate WildFire's capabilities across a diverse set of use cases, including securing the online portals where end users increasingly interact with businesses and governments — preventing them from becoming malware delivery vectors. Read more here.

eXtended Managed Detection and Response (XMDR) Specialization Unleashes Cortex XDR to More Customers 
Building on demand for Palo Alto Networks pioneering Cortex XDR 3.0 extended detection and response solution, the new Cortex XMDR Specialization enables MSSP partners to combine Cortex XDR with their managed service offerings — helping customers streamline security operations center (SOC) operations and quickly mitigate cyberthreats. With certification and training now tightly integrated with the new benefits of Cortex XDR 3.0, more than 15 organizations have already achieved Cortex XMDR Specialization status — including PwC, Orange Cyberdefense, CRITICALSTART and Trustwave. Read more here.

Unit 42 Doubles Down on Cloud Incident Response
Following a 188% increase in cloud cases over the past three years, Unit 42 announced it is doubling down on its Cloud Incident Response practice to provide an optimized approach for each stage of the cloud incident lifecycle, resulting in faster recovery for impacted organizations. Specialized cloud digital forensics and incident response teams made up of cloud experts use cutting-edge cloud security products like Cortex XDR, Cortex Xpanse, Prisma Cloud and new DFIR methods designed for dynamic cloud incidents to quickly identify attack vectors, extent of access and at-risk data. They also provide expert guidance for remediation measures and control enhancements, ensuring each incident is completely contained. Read more here.

About Palo Alto Networks Global Ignite '21 Conference
Approximately 26,000 registrants from more than 100 countries are convening at Palo Alto Networks Ignite, a three-day event November 15-18, 2021, comprising the Global Ignite '21 conference, Partner Summit and Public Sector Ignite. For more information on Ignite '21 and Palo Alto Networks announcements, please visit paloaltonetworks.com.

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, Unit 42, WildFire, 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.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including regarding product introductions and advancements, service offerings, and the benefits to customers of our products and service offerings. These forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.  All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

 

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SOURCE Palo Alto Networks, Inc.

FAQ

What new innovations did Palo Alto Networks introduce at Ignite '21?

Palo Alto Networks introduced Prisma Cloud 3.0, Next-Generation CASB, Cortex XMDR Specialization, and WildFire as a standalone product at Ignite '21.

How does Prisma Cloud 3.0 improve security for organizations?

Prisma Cloud 3.0 secures the full application lifecycle and significantly enhances the cloud security posture of organizations.

What does the Next-Generation CASB offer for SaaS security?

The Next-Generation CASB provides automatic security for new applications, real-time protection for sensitive data, and advanced threat detection.

What is Cortex XMDR and how does it benefit organizations?

Cortex XMDR integrates advanced detection and response capabilities with managed services, streamlining security operations for customers.

What is the significance of WildFire being available as a standalone product?

WildFire's standalone availability enhances its advanced malware analysis capabilities, allowing organizations to secure online interactions more effectively.