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.
Fortinet | October 11, 2023
Fortinet has announced the introduction of two new campus switches, the FortiSwitch 2000 and 600.
These systems are designed with high performance and port density, ensuring they meet the requirements of modern campuses and can easily scale as connectivity demands increase.
Organizations require high-performance switches that smartly manage AP traffic and prevent bottlenecks to ensure network availability and a favorable user experience.
Fortinet, a leading global cybersecurity provider pioneering the integration of networking and security, has unveiled two new campus switches, the FortiSwitch 600 and 2000. These switches cater to the expanding connectivity and security requirements of campus, offering embedded intelligence, high performance, and seamless integration with FortiGuard AI-Powered Security Services and Fortinet’s AIOps management tools.
The FortiSwitch 600 series is an innovative multi-gigabit secure campus access switch featuring up to 5GE access and 25GE uplinks. This switch optimizes network performance by smartly managing traffic from next-generation APs to crucial business destinations. On the other hand, the FortiSwitch 2000 series is a robust campus core switch specifically designed for larger, intricate campus setups. It aggregates high-performance access switches such as the FortiSwitch 600. Both series come with a dual power supply, ensuring the redundancy essential for today's high-performance campuses.
Chief Marketing Officer and EVP of Product Strategy at Fortinet, John Maddison, stated,
Fortinet has delivered secure switching solutions for 20 years, making it uniquely positioned to enable customers with a robust secure connectivity solution for the entire LAN. We’re the only vendor providing fully converged wireless and wired AI-powered security and networking through a single platform, providing security and visibility from the moment a user or device connects to the network.
[Source – Globe Newswire]
Numerous organizations are investing in next-gen wireless access points (APs) to offer increased connectivity as users demand more bandwidth than ever before. However, legacy switching solutions often cannot keep up. To ensure positive user experience and network availability, organizations require high-performance switches that intelligently coordinate AP traffic and prevent bottlenecks in order.
Jeff Howlett, Chief Information Officer at Meredith College, said,
Our campus environment supports thousands of faculty and students, and Fortinet switches assisted us modernize our infrastructure to provide the consistent connectivity and Power-over-Ethernet they require. And by managing all of our switches through FortiGate NGFWs, we consolidated point products into a unified platform that provides more visibility into potential security risks than we have ever had before.
[Source – Globe Newswire]
For the past two decades, Fortinet has been at the forefront of integrating networking and security in both wired and wireless LAN solutions. The newly introduced switches are the latest enhancements to its secure connectivity platform, offering complete access control, security, and unified management across the entire LAN infrastructure.
Okta | October 09, 2023
Okta, Inc. announces Identity Threat Protection with Okta AI, a new product for Okta Workforce Identity Cloud.
It enables security teams and admins to constantly evaluate user risk during active sessions and respond automatically to Identity threats across the entire ecosystem.
Identity Threat Protection enables organizations to mitigate risk with enhanced threat detection and response capabilities.
Okta, Inc., the leading independent Identity partner, has introduced Identity Threat Protection with Okta AI, a revolutionary product within the Okta Workforce Identity Cloud. This innovative solution provides identity-based threat detection and mitigation in real-time. Identity Threat Protection goes beyond initial authentication by employing Okta AI and security infrastructure insights. It assures continuous user risk assessment during active sessions and enables automatic responses to Identity threats across the entire ecosystem.
Organizations are increasingly adopting diverse cybersecurity tools to counter evolving threats. However, this leads to a flood of detailed security data, making it daunting for administrators to set up efficient policies and identify crucial threats. This fragmentation makes it challenging to track the risk of any specific user session over time and requires navigating various consoles.
Okta stands out with its unified Identity deployment, offering a unique ability to evaluate risks across security domains and active user sessions. This innovative strategy solves a crucial business challenge as, according to Gartner, "By 2025, organizations that adopt a continuous adaptive trust strategy will reduce [account takeover] along with other identity risks by 30%..."
President and CDO of Workforce Identity Cloud at Okta, Sagnik Nandy, said,
Organizations need the ability to not only bring together risk insights at the point of login, but also to re-evaluate at any point in a user’s session. Identity Threat Protection extends Okta’s adaptive risk analysis and delivers automatic remediation and response, assisting businesses stop potential threats in real-time.
[Source – Business Wire]
Multi-factor authentication (MFA) is a vital tool in combating identity-based attacks. However, its effectiveness typically extends only to the login stage. Using shared signals throughout a user's active session, Identity Threat Protection equips organizations with enhanced threat detection and response capabilities, thereby mitigating risk. Initial launch capabilities include:
Continuous Risk Evaluation
Shared Signals Pipeline
CIO at Palo Alto Networks, Meerah Rajavel, said,
Our world-class threat intelligence innovations assist secure enterprises against evolving attack methods. Partnering with Okta’s Identity Threat Protection is a great opportunity to further empower enterprises with security signal sharing, assisting them to better detect changes in user risk across their tech stack.
[Source – Business Wire]