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“Focus on network security. Develop practice through acquisitions and partnerships. Engage with academia for talent development.”
- As a telecom leader, Verizon has been focused on the network security space for a long time. It has expanded to provide holistic enterprise-specific solutions across its wide customer base that spans multiple industries and sizes, including several federal clients. It has one of the largest IP networks globally, with capability to process approximately 60 billion security events on an annual basis.
- In June 2018, it launched a subscription-based platform in collaboration with Anomali to identify and manage threats. This platform is built on a combination of its cyber threat intelligence data breach investigations (DBIR) and situational awareness from its Threat Research Advisory Center.
- Its Threat Research Advisory Center serves as an enabler to consolidate its portfolio of cybersecurity-related capabilities. Its threat intelligence platform leverages its access to global data traffic and the numerous customer devices under its scope of security. Hence, it is well-positioned to provide actionable real-time security intelligence for enterprises to make well-informed decisions.
- Verizon has multiple cybersecurity-related partnerships: Anomali for the Threat Intelligence Platform Service and FHOOSH™ to enhance the Verizon Software Defined Perimeter (SDP) service. Recently, it partnered with Cisco on SD-WAN technology to develop potential use cases, including the ability to enable an intelligent security perimeter for mobile workers.
- It is also using academic partnerships to upskill its own workforce in terms of cybersecurity. For instance, it has partnered with the University of Dallas for executive cybersecurity courses for its employees.
Investments and Innovation
- Verizon has been fairly active in terms of building its practice through acquisitions. In 2018, it acquired Niddel Corp, a company specializing in security detection and response capabilities through ML-based threat-hunting services.
- In the beginning of 2019, it acquired a North American cloud-oriented network detection and response specialist firm, ProtectWise, Inc., to complement its existing capability of threat assessment and response management. Similarly, it acquired the PrecisionAccess™ solution and corresponding assets from Vidder, Inc. to boost its software-defined portfolio of services.
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