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Verizon expands security portfolio with new solutions to combat cybercrime

Verizon Business has added new security solutions to its security portfolio as it looks to help business combat cybercrime. 

The two new solutions, Verizon Managed Detection and Response and Verizon Identity and Verizon Machine State Integrity, are designed to help business protect themselves against threats. 

In addition to the new solutions, Verizon has enhanced its Rapid Response Retainer service, which offers companies cyber intelligence and incident response capabilities directly from the Verizon Threat Research Advisory Centre (VTRAC).

"Cybercrime is a daily threat to every organisation and government across the globe. Our 2019 Data Breach Investigations Report highlighted that financially motivated cyberattacks are increasing across the board, and that C-level executives are increasingly and proactively targeted by social breaches, linked to (for example) stolen credentials," says Alex Schlager, executive director and chief product officer of security services at Verizon Business. 

"Now, more than ever, organisations need to be thinking differently about security, and leveraging cutting edge technology to help mitigate against cybercrime. These Verizon solutions offer a significant step forward in cybersecurity protection."

Verizon Managed Detection and Response (MDR) is a new managed security service that leverages analytics and behaviour modelling to help organisations quickly identify potential cyberthreats. The fully-managed, scalable, cloud-based solution overlays Verizon's core remote threat monitoring, detection and response capabilities with built-in multi-layer analytics and behaviour modelling from Securonix. 

Verizon MDR is available globally from April 2020.

Verizon Identity (VID) and Verizon Machine State Integrity both leverage blockchain, the first Verizon security solutions to do so. Blockchain's decentralised nature elevates enterprise security with no single point of weakness in the solution for cybercriminals to exploit, Verizon explains.

Verizon ID enables users to store identity credentials in a secure digital identity safe on their mobile devices, which can be easily and securely accessed and validated, potentially eliminating the need for passwords. 

The company's 2019 Data Breach Investigations Report showed that 29% of breaches investigated involved the use of stolen credentials. The solution encrypts and distributes identity data across multiple online servers on the blockchain, so there is no centralised database or single point of entry for breach attempts, and also incorporates multi-factor authentication and biometrics for advanced identity protection. It is fully compliant with all major industry regulations and standards including NIST SP 800-63-3, GDPR and FIDO2. The solution is available to customers globally.

Verizon's Machine State Integrity solution sources operational data from decentralised machine environments to offer clear, actionable insights on potential compliance and security issues. 

"Machine security is a complex challenge - a single weak entry point that is exploited by a cyberattack could lead to complete infrastructure breakdown, and if that infrastructure is a power grid, a manufacturing plant or a smart city environment, the result could be catastrophic," the company says. The solution will be available in the US from Q2 2020.

Finally, Verizon's Rapid Response Retainer puts the full capabilities and experience of the VTRAC team at the disposal of customers in as little as six hours from an incident report (dependent on specific customer retainers), and can now be fully customised to fit customer needs. The service fundamentals - threat intelligence summaries, 24/7 hotline, onsite support and investigative liaison can now be supplemented with options such as Verizon Network Detection and Response, Dark Web Hunting, Tanium's endpoint protection and Verizon's backbone NetFlow. A new mobile app is also available, providing access to both threat status reports and dedicated response teams.

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