Oct 12, 2020

Atos acquires cybersecurity company Paladion

Atos
Paladion
AI
Cybersecurity
William Smith
2 min
French multinational IT services consultant Atos has announced the acquisition of managed security services firm Paladion
French multinational IT services consultant Atos has announced the acquisition of managed security services firm Paladion...

French multinational IT services and consulting digital transformation specialist Atos has announced the acquisition of managed security services firm Paladion.

The Virginia, US-based Paladion, which was founded in the year 2000, specialises in managed detection and response (MDR), offering a cloud-based platform driven by AI, which features threat anticipation, detection and response.

The company notes its use of AI as enabling swift response to some of the biggest threats facing companies today, such as ransomware.

Agreement was reached between the two companies back in June, with Pierre Barnabé, Senior Executive Vice-President, Head of Big Data & Cybersecurity at Atos, saying: “Atos was looking for the right and solid asset to enter an emerging and yet very competitive market, that of Managed Detection & Response. We found with Paladion a mature team and advanced technology built to deliver outcomes and reduce customers risks. Their cloud-native technology will be an asset for our expansion strategies in cybersecurity and cloud solutions, providing our customers with accelerated business transformation.”

The completed purchase includes Atos absorbing over 800 of Paladion’s employees.

In a press release, Barnabé said: “The acquisition of Paladion is part of our strategy to expand our cyber capabilities and technologies to help our customers meet the security challenges they face. Customers on both sides appreciate the capabilities the merger brings and we’re confident that we are ideally positioned to accelerate our business.” 

The company will become part of Atos’ global cybersecurity service, with Paladions’ Security Delivery centres joining Atos’ network of global Security Operations Centers.

Rajat Mohanty, CEO of Paladion, said: “Paladion has been a pioneer in AI-driven managed detection and response services. Our cloud-native AI platform, AIsaac, brings multi-vector threat analytics, auto-containment and incident response orchestration to customers for hybrid cloud and datacenter environments. We are excited to join Atos to advance these capabilities through their R&D in AI, threat, and risk-based analytics.”

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Jun 15, 2021

IT Employees Predict 90% Increase in Cloud Security Spending

Technology
Cloud
Cybersecurity
Investments
Elise Leise
3 min
Companies that took the initiative on cloud platforms are trying to cope with the security risks, according to Devo Technology’s report

As companies get back on their feet post-pandemic, they’re going all-in on cloud applications. In a recent report by Devo Technology titled “Beyond Cloud Adoption: How to Embrace the Cloud for Security and Business Benefits”, 81% of the 500 IT and security team members surveyed said that COVID accelerated their cloud timelines. More than half of the top-performing businesses reported gains in visibility. In fact, the cloud now outnumbers on-premise solutions at a 3:1 ratio

But the benefits are accompanied by significant cybersecurity risks, as cloud infrastructure is more complex than legacy systems. Let’s dive in. 

 

Why Are Cloud Platforms Taking Over? 

According to Forrester, the public cloud infrastructure market could grow 28% over the next year, up to US$113.1bn. Companies shifting to remote work and decentralised workplaces find it easy to store and access information, especially as networks start to share more and more supply chain and enterprise information—think risk mitigation platforms and ESG ratings. 

Here’s the catch: when you shift to the cloud, you choose a more complex system, which often requires cloud-native platforms for network security. In other words, you can’t stop halfway. ‘Only cloud-native platforms can keep up with [the cloud’s] speed and complexity” and ultimately increase visibility and control’, said Douglas Murray, CEO at cloud security provider Valtix. 

Here’s a quick list of the top cloud security companies, as ranked by Software Testing Help: 

 

What are the Security Issues? 

Here’s the bad news. According to Accenture, less than 40% of companies have achieved the full value they expected on their cloud investments. All-in greater complexity has forced companies to spend more to hire skilled tech workers, analyse security data, and manage new cybersecurity threats. 

The two main issues are (1) a lack of familiarity with cloud systems and (2) challenges with shifting legacy security systems to new platforms. Out of the 500 IT employees from Devo Technology’s cloud report, for example, 80% said they’d sorted 40% more security data, suffered from a lack of cloud security training, and experienced a 60% increase in cybersecurity threats. 

How Will Companies React? 

They certainly won’t stop investing in cloud platforms. Out of the 500 enterprise-level companies that Devo Technology talked to throughout North America and Western Europe, 90% anticipated a jump in cloud security spending in 2021. They’ll throw money at automating security processes and investing in security upskilling programmes. 

After all, company executives will find it incredibly difficult to stick with legacy systems when some cloud-centred companies have found success. Since moving from Security Information and Event Management (SIEM) offerings to the cloud, Accenture has saved up to 70% on its processes; recently, the company announced that it would invest US$3bn to help its clients ‘realise the cloud’s business value, speed, cost, talent, and innovation benefits’. 


The company stated: ‘Security is often seen as the biggest inhibitor to a cloud-first journey—but in reality, it can be its greatest accelerator’. 

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