As organisations work to digitally transform and navigate related cyber risks, many are turning to managed security service providers (MSSPs) and managed detection and response (MDR) providers to operate and elevate high-impact cyber defence capabilities leveraging advanced technologies that help address constantly evolving cyberthreats.
Experts are anticipating that the managed security services market will grow from a valuation of US$22.45bn in 2020 to reach US$77.01bn by 2030
The pair began their strategic alliance back in July 2021 intending to deliver integrated cybersecurity solutions to mutual customers. Now, this range will include expanded features such as zero-trust enterprise enablement, multi-cloud automation and orchestration, managed cyber defence, as well as 5G-native security.
Supporting customers with their cyber offerings
Deloitte and Palo Alto Networks are working together to help customers adopt a Zero Trust framework by combining cyber technology platforms and professional services. The combined offering leverages Palo Alto Networks' portfolio of security technologies, including identity context which enhances automated policy decisions across on-premises, hybrid and private/public cloud environments.
"Our customers are asking for managed secure access service edge (SASE), cloud, and threat detection and response capabilities," said Prem Iyer, vice president, Global Systems Integrator Ecosystems for Palo Alto Networks. "By offering our innovative security solutions portfolio as a managed service through Deloitte, we're providing newly extended support to customers who want their cyber programmes to truly enable their critical business initiatives."
Managing cyber threats in the cloud
Together the companies offer managed cyber defences. Palo Alto Networks Prisma Cloud and Prisma Cloud Compute solutions are embedded in Deloitte's OpenCloud, the management plane for Deloitte's Cloud Management Platform.
OpenCloud includes threat detection, prevention, attack surface management and security automation capabilities in one integrated, multicloud platform. Additionally, Deloitte can assist clients by advising, implementing and operating a streamlined and harmonised cyber defence technology stack leveraging the Palo Alto Networks product portfolio.5G-native security from Deloitte and Palo Alto Networks combines 5G security blueprints, the integration of data, control and cellular signaling domains, and the protection of networks and enterprise users by leveraging cross-domain correlations to enforce security policies based on user, application and wireless device identities.
"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 organisations as they work to manage cyber threats with agility and resilience."