Red Canary and Palo Alto Networks Team to Offer New Managed Security Services for Cortex® XSIAM
Red Canary, a leading MDR provider, has expanded its partnership with Palo Alto Networks to offer Managed XSIAM, a new fully managed SOC service powered by Palo Alto Networks Cortex® XSIAM®. This service is designed to help midsize businesses achieve autonomous, AI-powered security operations while reducing staffing and operational requirements.
The new offering combines Red Canary's expertise in security operations with Palo Alto Networks' AI-driven platform to provide 24/7 advanced threat detection, expert response, and over 4000 behavioral analytics. Set to launch in the second half of 2024, Managed XSIAM aims to address the challenges faced by organizations struggling with complex security tech stacks and resources.
This partnership strengthens the existing collaboration between Red Canary and Palo Alto Networks, building on integrations with Cortex XDR, PAN-OS®, Advanced Threat Prevention, and WildFire®.
Red Canary, un fornitore di MDR leader nel settore, ha ampliato la sua partnership con Palo Alto Networks per offrire Managed XSIAM, un nuovo servizio SOC completamente gestito alimentato dalla piattaforma Cortex® XSIAM® di Palo Alto Networks. Questo servizio è progettato per aiutare le aziende di medie dimensioni a raggiungere operazioni di sicurezza autonome e alimentate dall'IA, riducendo al contempo le esigenze di personale e operative.
La nuova offerta combina l'esperienza di Red Canary nelle operazioni di sicurezza con la piattaforma alimentata dall'IA di Palo Alto Networks per fornire rilevamento avanzato delle minacce 24/7, risposta esperta e oltre 4000 analisi comportamentali. Previsto per il lancio nella seconda metà del 2024, Managed XSIAM mira a affrontare le sfide delle organizzazioni che lottano con stack tecnologici di sicurezza complessi e risorse limitate.
Questa partnership rafforza la collaborazione esistente tra Red Canary e Palo Alto Networks, basandosi su integrazioni con Cortex XDR, PAN-OS®, Advanced Threat Prevention e WildFire®.
Red Canary, un proveedor líder de MDR, ha ampliado su asociación con Palo Alto Networks para ofrecer Managed XSIAM, un nuevo servicio SOC completamente gestionado impulsado por la plataforma Cortex® XSIAM® de Palo Alto Networks. Este servicio está diseñado para ayudar a empresas de tamaño mediano a lograr operaciones de seguridad autónomas impulsadas por IA, a la vez que reduce los requisitos de personal y operativos.
La nueva oferta combina la experiencia de Red Canary en operaciones de seguridad con la plataforma impulsada por IA de Palo Alto Networks para proporcionar detección avanzada de amenazas 24/7, respuesta experta y más de 4000 análisis de comportamiento. Se espera que se lance en la segunda mitad de 2024, Managed XSIAM tiene como objetivo abordar los desafíos que enfrentan las organizaciones que luchan con pilas tecnológicas de seguridad complejas y recursos.
Esta asociación refuerza la colaboración existente entre Red Canary y Palo Alto Networks, basándose en integraciones con Cortex XDR, PAN-OS®, Advanced Threat Prevention y WildFire®.
레드 캐너리(Red Canary), 선도적인 MDR 제공업체가 팔로알토 네트웍스(Palo Alto Networks)와의 파트너십을 확대하여 팔로알토 네트웍스 Cortex® XSIAM®에 의해 구동되는 완전 관리형 SOC 서비스인 Managed XSIAM을 제공합니다. 이 서비스는 중소기업이 AI 기반의 자율 보안 운영을 달성하고 인력 및 운영 요구 사항을 줄이는 데 도움을 주기 위해 설계되었습니다.
새로운 제안은 레드 캐너리의 보안 운영 전문성과 팔로알토 네트웍스의 AI 기반 플랫폼을 결합하여 24/7 고급 위협 탐지, 전문가 대응 및 4000건 이상의 행동 분석을 제공합니다. 2024년 하반기에 출시될 예정인 Managed XSIAM은 복잡한 보안 기술 스택과 자원 문제로 어려움을 겪고 있는 조직의 도전에 대처할 것을 목표로 합니다.
이 파트너십은 레드 캐너리와 팔로알토 네트웍스 간의 기존 협업을 강화하며, Cortex XDR, PAN-OS®, Advanced Threat Prevention 및 WildFire®와의 통합을 기반으로 합니다.
Red Canary, un fournisseur de MDR de premier plan, a élargi son partenariat avec Palo Alto Networks pour offrir Managed XSIAM, un nouveau service SOC entièrement géré alimenté par la plateforme Cortex® XSIAM® de Palo Alto Networks. Ce service est conçu pour aider les entreprises de taille intermédiaire à atteindre des opérations de sécurité autonomes et basées sur l'IA tout en réduisant les besoins en personnel et opérationnels.
La nouvelle offre combine l'expertise de Red Canary dans les opérations de sécurité avec la plateforme pilotée par l'IA de Palo Alto Networks pour fournir une détection avancée des menaces 24/7, une réponse d'experts et plus de 4000 analyses comportementales. Prévu pour être lancé dans la deuxième moitié de 2024, Managed XSIAM vise à relever les défis des organisations confrontées à des stacks technologiques de sécurité complexes et à des ressources limitées.
Ce partenariat renforce la collaboration existante entre Red Canary et Palo Alto Networks, s'appuyant sur des intégrations avec Cortex XDR, PAN-OS®, Advanced Threat Prevention et WildFire®.
Red Canary, ein führender MDR-Anbieter, hat die Partnerschaft mit Palo Alto Networks ausgeweitet, um Managed XSIAM anzubieten, einen neuen, vollständig verwalteten SOC-Service, der von der Plattform Cortex® XSIAM® von Palo Alto Networks unterstützt wird. Dieser Service soll mittelgroßen Unternehmen helfen, autonome, KI-gestützte Sicherheitsoperationen zu erreichen und gleichzeitig Personal- und Betriebskosten zu senken.
Das neue Angebot kombiniert die Expertise von Red Canary im Bereich Sicherheitsoperationen mit der KI-gestützten Plattform von Palo Alto Networks, um 24/7 fortschrittliche Bedrohungserkennung, Expertenreaktionen und über 4000 Verhaltensanalysen bereitzustellen. Der Start ist für die zweite Hälfte des Jahres 2024 geplant, Managed XSIAM zielt darauf ab, die Herausforderungen von Organisationen zu bewältigen, die mit komplexen Sicherheits- technologiestacks und Ressourcen kämpfen.
Diese Partnerschaft stärkt die bestehende Zusammenarbeit zwischen Red Canary und Palo Alto Networks und baut auf Integrationen mit Cortex XDR, PAN-OS®, Advanced Threat Prevention und WildFire® auf.
- Strategic partnership to offer new Managed XSIAM service for midsize businesses
- Combines Palo Alto Networks' AI-powered platform with Red Canary's expertise
- Provides 24/7 advanced threat detection and expert response
- Includes over 4000 behavioral analytics for stronger protection
- Addresses challenges of security budgets and resources for midsize enterprises
- None.
Insights
This partnership between Red Canary and Palo Alto Networks represents a significant development in the managed security services market, particularly for midsize businesses. The integration of Palo Alto Networks' Cortex® XSIAM® platform with Red Canary's MDR expertise addresses a critical gap in the cybersecurity landscape.
Key points to consider:
- The offering combines AI-powered security operations with human expertise, potentially improving threat detection and response capabilities.
- Launching in H2 2024, this service could provide a competitive edge for both companies in the rapidly growing MDR market.
- For investors, this move signals Palo Alto Networks' strategy to expand its reach in the midsize business segment, potentially driving revenue growth.
- The partnership may help address the chronic shortage of cybersecurity professionals, making advanced security operations more accessible to smaller organizations.
While the long-term impact remains to be seen, this collaboration could strengthen Palo Alto Networks' position in the evolving cybersecurity landscape, particularly as AI continues to reshape the industry.
This strategic partnership has several financial implications for Palo Alto Networks:
- Market Expansion: By targeting midsize businesses, PANW is tapping into a large, underserved market segment, potentially driving significant revenue growth.
- Recurring Revenue: The managed services model could lead to more stable, predictable revenue streams, which investors typically value highly.
- Competitive Positioning: This move strengthens PANW's position against other cybersecurity firms, particularly those focusing on SMBs.
- Operational Efficiency: Leveraging Red Canary's expertise may allow PANW to scale its services without proportional increases in operational costs.
While specific financial projections aren't provided, this partnership aligns with PANW's growth strategy and could positively impact its future earnings. Investors should monitor the adoption rate and revenue contribution of this new offering in upcoming quarterly reports.
Strategic partnership will accelerate customers' SOC modernization by combining Palo Alto Networks AI-powered platform with Red Canary's actionable threat intelligence and expertise in security operations
Today's SOCs are often built on siloed tools and data and at the same time inundated with an overwhelming number of threats, resulting in the inability to keep pace, remediate incidents quickly and stop threats at scale. The Precision AI-powered Cortex XSIAM® platform combines the capabilities of SIEM, XDR, SOAR, and other SOC tools to simplify security operations, prevent threats at scale, and ultimately provide the efficiency benefits of platformization. Red Canary Managed XSIAM, powered by Cortex XSIAM, will make it easier and more cost-effective for midsize organizations to get the 24/7 security operations support they need through Red Canary's end-to-end managed services.
Kristy Friedrichs, Chief Partnerships Officer, Palo Alto Networks:
"The security landscape is evolving rapidly, driven by AI's transformative impact. Palo Alto Networks is at the forefront of security operations and threat protection innovation, strategically partnering to build capabilities that help organizations transform their SOC through platformization with XSIAM. By expanding our strategic partnership with Red Canary, we're helping bridge this gap for midsized businesses, delivering an AI-driven security operations platform and services that help them stop breaches with expert-led managed services."
Brian Beyer, CEO, Red Canary:
"Red Canary's mission is to create a world where every organization makes their greatest impact without disruption from cyber attack. We pioneered the intelligence-led security operations model a decade ago, and it continues to shape our approach to cybersecurity. With nearly 1,000 customers and thousands of incident response engagements through our partners, we've proven time and again that our unique approach to offering a co-managed SOC is more effective and cost-efficient than doing everything in-house. Together with Palo Alto Networks, we will help more businesses level up their security and get better results faster."
Red Canary Managed XSIAM, powered by Cortex XSIAM, is set to launch in the second half of 2024 and will include:
- 24/7 Advanced threat detection: Always-on monitoring and investigation to find and help stop threats before they can cause business disruption
- 24/7 Expert response: Automated actions, orchestration, advice, and on-call support to augment an organizations' security operations team
- 4000+ behavioral analytics: Stronger protection for endpoints and identities, backed by the latest threat intelligence
- XSIAM jumpstart: Expert help to configure, deploy, and optimize XSIAM for faster time to value (excludes data migration)
Organizations often struggle with security tech stacks that are hard to manage and require specialized staff, especially midsize organizations. According to Gartner®, "Midsize enterprise (MSE) IT leaders face significant security challenges when trying to deliver services with small teams and limited budgets. Across industries, MSE IT budgets average
With this new managed XSIAM service, Red Canary MDR will extend the offering and their support to joint customers by providing them with 24/7 access to dedicated threat hunting, incident handling, and industry-recognized threat intelligence and research. Combined with Cortex XSIAM, organizations can achieve the security operations transformation necessary to help stop today's threats. This latest innovation strengthens the long-standing partnership between Red Canary and Palo Alto Networks, building on existing Red Canary integrations with Cortex XDR, PAN-OS®, Advanced Threat Prevention, and WildFire®.
Learn more about Managed XSIAM: https://redcanary.com/solutions/managed-cortex-xsiam
Gartner, Cybersecurity Trends for Midsize Enterprises in 2024 and Beyond, by Paul Furtado, Guru Rao, 10 June 2024.
https://www.gartner.com/en/webinar/609229/1355371.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the
About Red Canary
Red Canary is a leader in managed detection and response (MDR). We serve companies of every size and industry, focusing on finding and stopping threats before they can have a negative impact. As the cornerstone security operations partner for nearly 1,000 organizations, we provide MDR with industry-leading threat accuracy and a world-class customer experience across identities, endpoints, and cloud. For more information about Red Canary, visit: https://redcanary.com/.
About Palo Alto Networks
Palo Alto Networks is the global cybersecurity leader, committed to making each day safer than the one before with industry-leading, AI-powered solutions in network security, cloud security and security operations. Powered by Precision AI, our technologies deliver precise threat detection and swift response, minimizing false positives and enhancing security effectiveness. Our platformization approach integrates diverse security solutions into a unified, scalable platform, streamlining management and providing operational efficiencies with comprehensive protection. From defending network perimeters to safeguarding cloud environments and ensuring rapid incident response, Palo Alto Networks empowers businesses to achieve Zero Trust security and confidently embrace digital transformation in an ever-evolving threat landscape. This unwavering commitment to security and innovation makes us the cybersecurity partner of choice.
At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021-2024), with a score of 100 on the Disability Equality Index (2024, 2023, 2022), and HRC Best Places for LGBTQ+ Equality (2022). For more information, visit www.paloaltonetworks.com.
Palo Alto Networks, Cortex, Cortex XSIAM, Precision AI, PAN-OS, Wildfire and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in
This press release contains forward-looking statements that involve risks, uncertainties and
assumptions, including, without limitation, statements regarding the benefits, impact, or performance or potential benefits, impact or performance of our products and technologies. These forward-looking statements are not guarantees of future performance, and there are a significant number of factors that could cause actual results to differ materially from statements made in this press release. We identify certain important risks and uncertainties that could affect our results and performance in our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q, and our other filings with the
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FAQ
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