Strategic partnership will accelerate customers’ SOC modernization by combining Palo Alto Networks AI-powered platform with Red Canary’s actionable threat intelligence and expertise in security operations
Red Canary, a leading managed detection and response (MDR) provider, today announced an expanded partnership with Palo Alto Networks , the global cybersecurity leader, to offer Managed XSIAM. The new, fully managed SOC services are powered by Palo Alto Networks Cortex XSIAM, the industry’s leading SOC platform, and designed especially to help midsize businesses achieve the benefits of autonomous, AI-powered security operations while alleviating staffing and operational requirements.
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Today’s SOCs are often built on siloed tools and data and at the same time inundated with an overwhelming number of threats, resulting in the inability to keep pace, remediate incidents quickly and stop threats at scale. The Precision AI-powered Cortex XSIAM platform combines the capabilities of SIEM, XDR, SOAR, and other SOC tools to simplify security operations, prevent threats at scale, and ultimately provide the efficiency benefits of platformization. Red Canary Managed XSIAM, powered by Cortex XSIAM, will make it easier and more cost-effective for midsize organizations to get the 24/7 security operations support they need through Red Canary’s end-to-end managed services.
Kristy Friedrichs, Chief Partnerships Officer, Palo Alto Networks:” The security landscape is evolving rapidly, driven by AI’s transformative impact. Palo Alto Networks is at the forefront of security operations and threat protection innovation, strategically partnering to build capabilities that help organizations transform their SOC through platformization with XSIAM. By expanding our strategic partnership with Red Canary, we’re helping bridge this gap for midsized businesses, delivering an AI-driven security operations platform and services that help them stop breaches with expert-led managed services.”
Brian Beyer, CEO, Red Canary: “Red Canary’s mission is to create a world where every organization makes their greatest impact without disruption from cyber attack. We pioneered the intelligence-led security operations model a decade ago, and it continues to shape our approach to cybersecurity. With nearly 1,000 customers and thousands of incident response engagements through our partners, we’ve proven time and again that our unique approach to offering a co-managed SOC is more effective and cost-efficient than doing everything in-house. Together with Palo Alto Networks, we will help more businesses level up their security and get better results faster.”
Red Canary Managed XSIAM, powered by Cortex XSIAM, is set to launch in the second half of 2024 and will include:
- 24/7 Advanced threat detection: Always-on monitoring and investigation to find and help stop threats before they can cause business disruption
- 24/7 Expert response: Automated actions, orchestration, advice, and on-call support to augment an organizations’ security operations team
- 4000+ behavioral analytics: Stronger protection for endpoints and identities, backed by the latest threat intelligence
- XSIAM jumpstart: Expert help to configure, deploy, and optimize XSIAM for faster time to value (excludes data migration)
Organizations often struggle with security tech stacks that are hard to manage and require specialized staff, especially midsize organizations. According to Gartner, “Midsize enterprise (MSE) IT leaders face significant security challenges when trying to deliver services with small teams and limited budgets. Across industries, MSE IT budgets average 4.9% of annual revenue, but only 5% of the IT budget is dedicated to security. The need to create a strong, mature security posture remains.”
With this new managed XSIAM service, Red Canary MDR will extend the offering and their support to joint customers by providing them with 24/7 access to dedicated threat hunting, incident handling, and industry-recognized threat intelligence and research. Combined with Cortex XSIAM, organizations can achieve the security operations transformation necessary to help stop today’s threats. This latest innovation strengthens the long-standing partnership between Red Canary and Palo Alto Networks, building on existing Red Canary integrations with Cortex XDR, PAN-OS, Advanced Threat Prevention, and WildFire.
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