Network Threat Detection
iTWire | October 30, 2023
Fortinet, the global cybersecurity leader driving the convergence of networking and security, has announced the expansion of its Universal SASE offering to empower today’s hybrid workforce with FortiOS everywhere.
Ken Xie, founder, chairman of the board, and chief executive officer, said, The Fortinet operating system, FortiOS, is the industry’s only enterprise-grade converged operating system able to support all secure access service edge (SASE) functions, including firewall, software-defined wide area network (SD-WAN), secure web gateway, encryption/decryption, cloud access security broker (CASB), data loss prevention (DLP), and zero trust network access (ZTNA), whether deployed in an appliance or cloud-delivered from Fortinet.
“This approach enables over 30 converged networking and security functions to be managed through a single console. Fourteen of these functions are accelerated when deployed on our new FortiASIC Security Processor 5-based FortiGate 120G SASE appliance.”
Expanding Fortinet Universal SASE
Single-vendor SASE provides flexible access to critical resources and applications for users and devices. However, most enterprises rely on different vendors for each SASE function, which introduces significant challenges of controlling different operating system functionality and management consoles. Fortinet Universal SASE takes traditional single-vendor SASE one step further, providing consistent policies and controls on-prem and in the cloud while delivering seamless integration across all functions and deployments to better support today’s hybrid workforce while reducing information technology (IT) overhead.
FortiOS runs the full SASE stack, including a bi-directional firewall, SD-WAN, secure web gateway, encryption/decryption, CASB, DLP, and ZTNA. It also has the flexibility to run on an appliance in accelerated mode as well as in the FortiSASE cloud, providing consistent networking, security, and policy management for every edge. This is further enhanced by FortiGuard artificial intelligence (AI)-powered security services, such as intrusion prevention system (IPS), domain name system (DNS) filtering, URL filtering, anti-malware, sandboxing, and more.
This news expands Fortinet’s investment in Universal SASE by expanding the reach of its SASE stack in three key areas of the portfolio:
Worldwide coverage of FortiSASE cloud locations
FortiSASE, built on a global, scalable cloud network, delivers the same SASE stack as FortiGate appliances through its regional FortiSASE cloud locations. To deliver the best user experience and higher service availability, Fortinet now delivers over 100 FortiSASE cloud locations globally.
Bringing accelerated SASE to the campus and branch
To bring the full SASE stack to campus and branch locations, Fortinet is announcing the new FortiGate 120G SASE appliance. Because it is powered by Fortinet’s patented security processor 5 (SP5) custom application-specific integrated circuit (ASIC), it can accelerate many elements of the SASE stack, such as delivering three gigabits per second (Gbps) of secure sockets layer (SSL) inspection—an average of six times faster than the industry average—for visibility into encrypted traffic at scale. The following Secure Compute Rating table provides a comparison between equivalent solutions:
Flexible consumption extended to Universal SASE
FortiFlex, Fortinet’s flexible consumption program, has now been extended to Fortinet Universal SASE solutions. The entire SASE stack from Fortinet can be consumed as part of FortiFlex, whether customers want to use on-prem or FortiSASE cloud-based services. FortiFlex offers usage-based licensing across cloud, hybrid cloud, and on-premises deployments to give IT teams the flexibility to continually right-size their deployments, reduce excessive procurement cycles for new security solutions, simplify the deployment and provisioning of new services, and maximise budget and return on investment by enabling IT teams to scale down or pause services as needed.
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Network Threat Detection
Fortinet | November 06, 2023
Fortinet prioritizes secure networking, universal SASE, and security operations to expand globally and innovate in cybersecurity.
Secure networking is estimated to reach $86 billion by 2027 and universal SASE $36 billion, aligning with the strategic change.
Focusing on cybersecurity growth strengthens Fortinet's commitment to customer value and innovation.
Fortinet, a global leader in cybersecurity, is focusing its business strategy on high-growth markets, emphasizing secure networking, universal secure access service edge (SASE), and security operations. This shift will drive innovation and reinforce its commitment to customers. Fortinet is reorganizing its research & development (R&D) and go-to-market (GTM) strategies around the three markets mentioned. They will develop integrated and advanced products to cater to these areas.
Fortinet operates globally, serving hyperscale customers and promoting cybersecurity technologies. The three core markets Fortinet is concentrating on are secure networking, universal SASE, and security operations. These markets are expected to experience substantial growth, and Fortinet has a competitive advantage in them. This strategy aims to expand Fortinet's global business and provide value to its customers. The company is aligning with areas of high demand in the cybersecurity sector. Its current collection of organically developed and integrated products and services enjoys a notable competitive edge in the aforementioned three crucial markets:
The market for secure networking is anticipated to reach $86 billion by 2027, expanding at a rate of nearly nine percent per year. 5G gateways, network firewalls, secure switches, and access points comprise the majority of its composition. With the expansion of its firewall business, Fortinet anticipates a corresponding increase in revenue for its FortiGuard Security Services, which are propelled by artificial intelligence (AI). Secure networking remains an integral component of Fortinet's strategy, given that it dominates both firewall revenues and units shipped in its greatest addressable market.
Also, by 2027, the universal SASE market is anticipated to reach $36 billion, representing an annual expansion of nearly 20%. The system integrates various cloud-native networking and security technologies, including SD-WAN, secure web gateway (SWG), cloud access security broker (CASB), data loss prevention (DLP), zero-trust network access (ZTNA), SASE, and others. Its purpose is to streamline the process of implementing a zero-trust strategy. All functions of the SASE solution developed by Fortinet can be executed either in an appliance or in the cloud. This capability is facilitated by a unified management console, networking and security layer, and operating system. Recently, Fortinet was positioned in the inaugural Gartner Magic Quadrant for Single-Vendor SASE in 2023.
Lastly, the security operations market is anticipated to reach $78 billion by 2027, expanding at slightly more than 14% per year. Fortinet's SecOps platform is the most comprehensive, integrated, and broad in the industry, enabling organizations to gain control and insight into their distributed operations through security orchestration, endpoint detection and response (EDR), automation and response (SOAR), security information and event management (SIEM), network detection and response (NDR), and additional integrated enterprise-grade cybersecurity technologies.
Complementing Fortinet's R&D expenditures are strategic realignments in its GTM investments, concentrating on security operations, universal SASE, and secure networking. With the assistance of marketing support and training, sales will be structured in accordance with these three strategic areas in order to increase market penetration and consumer engagement.
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Platform Security
PR Newswire | October 26, 2023
OpenText (NASDAQ: OTEX), (TSX: OTEX), today announced the Nastiest Malware of 2023, an annual ranking of the year's biggest malware threats. For six consecutive years OpenText Cybersecurity threat intelligence experts have analyzed the threat landscape to determine the most notorious malware trends. Ransomware has been rapidly ascending the ranks, with ransomware-as-a-service (RaaS) now the weapon of choice for cybercriminals.
This year four new ransomware gangs, believed to be the next generation of previous big players, topped the list. Newcomer Cl0p takes the prize for this year's nastiest malware after commanding exorbitant ransom demands with its MOVEit campaign. Cl0p's efforts helped skyrocket the average ransom payment which is rapidly approaching three quarters of a million dollars. Black Cat, Akira, Royal, Black Basta also made their debut, joined by the always present, Lockbit.
A key finding this year is the RaaS business model is another win for the bad guys. Profit sharing and risk mitigation are top contributors to RaaS success along with the ability to easily evade authorities, said Muhi Majzoub, EVP and Chief Product Officer, OpenText. There is a silver lining as research shows only 29% of businesses pay ransom, an all-time low. These numbers indicate people are taking threats seriously and investing in security to be in a position where they do not need to pay ransom.
This year's list highlights the tenacity of cybercriminals as they continue to reinvent themselves, coming back stronger each time (often with new names). Their scrappy mentality allows them to go beyond the norm to find new ways to invade their target.
2023 Nastiest Malware
Cl0p, a RaaS platform, became famous following a series of cyberattacks, exploited a zero-day vulnerability in the MOVEit Transfer file software developed by Progress Software. MOVEit victims include such notable organizations as Shell, BBC, and the United States Department of Energy.
Black Cat, recognized in our 2021 Nastiest Malware report, believed to be the successor to REvil ransomware group, has built their RaaS platform on the Rust programming language. They made headlines for taking down MGM Casino Resorts.
Akira, presumed to be a descendant of Conti, primarily targets small to medium sized businesses due to the ease and turnaround time. Most notably, Akira ransomware targeted Cisco VPN products as an attack vector to breach corporate networks, steal, and eventually encrypt data.
Royal, suspected heir to Ryuk, uses Whitehat penetration testing tools to move laterally in an environment to gain control of the entire network. Helping aid in deception is their unique partial encryption approach that allows the threat actor to choose a specific percentage of data in a file to encrypt.
Lockbit 3.0, a main stain on the list and last year's winner, continues to wreak havoc. Now in its third epoch, Lockbit 3.0 is more modular and evasive than its predecessors.
Black Basta is one of the most active RaaS threat actors and is also considered to be yet another descendant of the Conti ransomware group. They have gained a reputation for targeting all types of industries indiscriminately.
To learn more about the findings of this year's Nastiest Malware analysis, visit the OpenText Cybersecurity Community, as well as tune in to our Nastiest Malware Webinar.
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