Security News

Symantec Leads Industry Collaboration to Drive Down Cost & Complexity of Cyber Security

Symantec has announced that more than 120 companies have joined forces with Symantec to drive down the cost and complexity of cyber security, while improving response times to protect enterprises against sophisticated threats.

This includes major players like AWS, Box, IBM Security, Microsoft, Oracle, ServiceNow and Splunk, as well as dozens of other technology innovators, who are now building or delivering more than 250 products and services that integrate with Symantec’s Integrated Cyber Defense (ICD) Platform.

This unprecedented industry collaboration reflects a “platform shift” in the cyber security industry, as new research from Enterprise Strategy Group (ESG) shows enterprise customers are looking to consolidate vendors and adopt more integrated platforms backed by an open ecosystem.

Symantec also announced important innovations which include a new universal data exchange, shared management capabilities, and upgraded data loss prevention software that help customers stop untrusted apps before they compromise confidential data. All are built on Symantec’s ICD Platform, which provides a unified framework for information protection, threat protection, identity management and compliance across endpoints, networks, applications, and clouds.

“There’s a seismic shift happening in cyber security,” said Art Gilliland, EVP and GM Enterprise Products, Symantec. “The old way of fighting cyber-attacks using fragmented tools has become too complex and expensive to manage. Integrated platforms are the future. We’re proud to be leading this platform shift with a clear vision and winning portfolio – along with hundreds of partners and thousands of experts working every day on the front lines to protect our customers. We are completely convinced that our best defense going forward is an integrated defense.”

ESG recently published new customer research which showcased the lack of a cohesive security technology strategy creates real problems for enterprises, leading customers to seek more integrated platforms and fewer, more strategic vendors.

Key findings based on the research include:

  • More than 80% of C-level executives said threat detection and response effectiveness is impacted by too many independent point tools.
  • 53% of organizations have a problematic shortage of cyber security staff and skills
  • 91% of enterprises are actively consolidating or considering consolidating the cyber security vendors with whom they conduct business.

“Almost two-thirds of large enterprises surveyed use at least 25 different cyber security products. For security operations centers, managing disparate tools can be ineffective, costly, and time consuming, especially considering the shortage of cyber security skills,” said Jon Oltsik, senior principal analyst and fellow, ESG. “This explains why CISOs are looking to consolidate and integrate their security infrastructure with platforms and open architectures that provide advanced developer support and deliver a partner ecosystem with robust third-party integrations.”

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