Palo Alto Networks and Deloitte expand partnership into managed security

Consultancy Deloitte and cybersecurity firm Palo Alto Networks recently announced their strategic alliance will be deepened to offer US clients new managed security services.

Building on the partnership that was first agreed in July 2021 to provide cybersecurity solutions to customers, these two firms are responding to the needs of clients who are undergoing digital transformation projects.

“We’re advising our clients every day on how cybersecurity can help empower their strategic business priorities — but building it all in-house can be challenging and costly,” said Kieran Norton, Deloitte Risk & Financial Advisory infrastructure solution leader and principal, Deloitte & Touche LLP.

“Together with Palo Alto Networks, we are able to advise, equip and operate security capabilities for organizations as they work to manage cyber threats with agility and resilience,” he adds.

As part of this new offering, clients are able to work with Deloitte and Palo Alto Networks to embrace a Zero Trust framework that benefits from advanced security technology to automate policy decisions across a range of platforms, including on-premises, hybrid and private/public cloud environments.

The Prisma Cloud and Prisma Cloud Compute solutions by Palo Alto Networks have been embedded into Deloitte’s OpenCloud management platform, with this service now providing threat detection, prevention, attack surface management and security automation abilities in a single multi-cloud platform.

The timing of this announcement reflects the solid growth of the managed security service market, with a forecast from Allied Market Research finding that the global managed security services market is on track to reach $77.01 billion by 2030, up from $22.45 billion in 2020.

The shifting nature of cybersecurity requires enterprises to possess comprehensive cybersecurity capabilities that are able to identify and eliminate potential threats. Achieving this is no small feat as cyber criminals are constantly seeking for weak points to  break cyber defences.