Tag: Palo Alto Networks

US Security outfit Palo Alto Networks has opened its UK headquarters in London.

The firm wants to use London as a hub to expand its UK operations and the office will cover sales, customer support, systems engineers, and Unit 42 threat intelligence experts.

Palo Alto Networks announced plans to create 485 new cybersecurity jobs in the UK over the next five years and will focus on growing its Unit 42 threat intelligence, cyber advisory and incident response capabilities in the UK.

Palo Alto Networks EMEA and LATAM CEO Helmut Reisinger said that as the UK works towards achieving the Government’s ambition of becoming a technology and scientific superpower by 2030, cybersecurity will be critical to its success.

“As new technologies transform how organisations across the UK operate, they are fuelling a rapid increase in cyber threats that directly impact the levels of resilience and trust in an interconnected economy,”he said. Read more…

Software-as-a-Service solutions are being used to launch, distribute, and advertise their campaigns.

Unit 42, the cybersecurity arm of Palo Alto Networks, published a report which  found the abuse of such services soared by 1,100 per cent between June 2021 and 2022.

File sharing sites, hosting tools, form and survey builders, website design sites, and collaboration tools have all been targeted. Website builders, collaboration platforms, and form builders were said to have experienced the highest uptick in abuse in the last year. Read more…

Proper identity and access management (IAM) policy controls are the Achilles’ heel of most cloud-based companies.

Palo Alto Networks, released a report that accuses 99 percent of organisations of taking an “overly permissive IAM approach.”

Palo Alto analysed more than 680,000 identities across 18,000 cloud accounts at 200 organisations to understand configuration and usage patterns, and described its findings as “shocking”. Read more…

After announcing a sales force reorganisation last quarter, Palo Alto Networks said it is “on track” with the changes and starting to see improvement.

CEO Mark McLaughlin said on the company’s third quarter earnings call that the company was making solid progress in these efforts and is on track with its project plans.

“While we have much more to do and it will take time to realize changes, early feedback from customers, partners and our sales team has been good,” he said.

Palo Alto Networks had a disappointing performance in the second quarter and announced it had changed its sales strategy and reorganised its account coverage model.

The company also said it was making changes to its sales and marketing resources and updating its second half revenue expectations.

CFO Steffan Tomlinson said the company’s third quarter numbers showed “early positive indicators of the changes in the go to market strategy”. Palo Alto Networks reported sales for the quarter, which ended April 30, of $431.8 million, up 25 percent year-over-year. Of those sales, $164.2 million were product sales and $267.6 million were subscription and support.

Palo Alto Networks reported a net loss in the quarter of $60.9 million, compared to a loss of $64.1 million in the same quarter last year.

McLaughlin said Palo Alto Networks still has some work to do on its sales strategy and was taking a four-step approach to updating its sales strategy.

It was designing what needs to be done differently, communicating those changes, re-do account mapping strategies, putting the right people in the right places to run those accounts, and then executing on that strategy. He said the company has finished the design, communication, and account mapping over the past quarter and now will look to finish making sure the right people are in place and executing on the strategy in the quarters to come.

“We will be continuing that through the fourth quarter for us and hopefully you will see positive impacts for that through fiscal 2018,” McLaughlin said.