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.
Honeywell | September 11, 2023
Honeywell has announced that it's the first company to incorporate quantum-computing-hardened encryption keys into smart utility meters, protecting end-user data from advanced cybersecurity threats.
Quantinuum's Quantum Origin provides an advantage over conventional solutions by generating keys with quantum-computing-enhanced randomness.
Honeywell's new Smart Energy and Thermal Solution products powered with Quantum Origin are now available to North American and European customers.
Honeywell recently made a groundbreaking announcement that it is the first company to incorporate quantum-computing-hardened encryption keys into smart utility meters, a move that provides advanced protection for end-user data against cyber threats. To achieve this, Honeywell will leverage Quantinuum's Quantum Origin technology to not only enhance data security but also contribute to building greater reliability and trust in the evolving utility sector.
The enhanced security utility meters establish a new standard for safeguarding against data breaches and ensuring the uninterrupted operation of water, gas, and electricity utility infrastructure for both commercial and residential applications.
Quantinuum's Quantum Origin provides an advantage over conventional solutions by generating keys with quantum-computing-enhanced randomness, thereby rendering them truly unpredictable and substantially enhancing the data security of utilities' end users.
No other organizations in the smart meter market presently offer quantum-hardened encryption protection. The incorporation of this technology into Honeywell's Smart Energy and Thermal Solutions' products will assist in addressing the industry's expanding data security requirements, especially as they pertain to critical infrastructure.
President of Smart Energy and Thermal Solutions at Honeywell, Hamed Heyhat, said,
By integrating Quantinuum's quantum-computing-hardened encryption technology into our smart meters, we are advancing data security for our customers and helping to shape the dialogue on how the utility industries should approach cybersecurity in the quantum era.
[Source – Cision PR Newswire]
Hamed Heyhat emphasized the significance of continuous innovation in enabling customers to stay ahead of the ever-changing threat landscape. It was noted that such a level of protection is crucial in our progressively digital and interconnected world.
Tony Uttley, President and COO of Quantinuum, mentioned,
Our work with Honeywell demonstrates the importance of using the power of today's quantum computers to create a more resilient cyber infrastructure to better protect customers.
[Source – Cision PR Newswire]
Smart Energy and Thermal Solution products from Honeywell with Quantum Origin are now available to North American and European customers. The collaboration will strengthen Honeywell's position as an industry-leading provider of innovative and secure solutions for the utilities industry.
Business Wire | November 03, 2023
Science Applications International Corp. (NYSE: SAIC) today announced new, purpose-built Zero Trust security capabilities, which provide a solution to answer the Zero Trust pillars addressing data, identity, devices, networks, applications and workloads.
The new Zero Trust security capabilities have been tested and validated on an AWS Snowball Edge and AWS Snow Family device with on-board storage and compute power for select Amazon Web Services (AWS) capabilities. AWS Snowball Edge can support local processing and edge-computing workloads in addition to transferring data between a user’s local environment and AWS.
SAIC has brought together the best-in-class tools to deliver a mission-ready Zero Trust Edge capabilities that provides multi-level secure data processing and analytics and prioritizes data in a DDIL environment to transport back to the cloud, said Lauren Knausenberger, chief innovation officer at SAIC. This provides warfighters with a critical capability to extend their enterprise OCONUS, with the ability to run disconnected ops and rapidly adopt technologies and capabilities needed for mission success. This capability has the potential to be a critical enabler for Combined Joint All-Domain Command and Control (JADC2), with the ability to deploy at forward operating bases, on air platforms and at sea.
Through the combined efforts of AWS; SAIC; Koverse, an SAIC company; Okta; CrowdStrike; Zscaler and Splunk, ready-to-install cybersecurity and Zero Trust technologies combine data and provide multi-level security from the edge through the enterprise. This capability meets the challenges of Wide Area Network (WAN) or no WAN connectivity by enabling offline compute capabilities and replicates mission-critical data after connectivity is restored. These components of software and hardware allow the capabilities to address the five pillars of the Zero Trust Maturity Model and therefore help increase cybersecurity posture at the edge.
SAIC is an industry leader in cloud and cybersecurity, addressing Zero Trust security capabilities, including the latest capabilities which have been validated and tested on an AWS Snowball Edge device.