Investor Relations – Cisco Showcases Latest Innovations to Secure Organizations Wherever Work Happens

Summary of news:

• The momentum of Cisco Security Cloud continues at Partner Summit, with new features across the portfolio demonstrating progress toward the vision.
• Monthly multi-factor authentications (MFA) have increased 38% annually as companies strive to ensure that only trusted users and devices have access to corporate resources.
• Investing in distribution programs, offerings, and expanded paths to market simplifies business relationships with Cisco and enables partners to be more cost-effective in security.

LA VEGAS, November 1, 2022 /PRNewswire/ — Cisco Partner Summit — Cisco today announced new features in its security portfolio so teams can be more productive and protected wherever they work. Unveiled at Cisco’s annual Partner Summit conference, the news demonstrates continued progress toward the company’s strategic vision. Cisco Security Cloud that will protect the integrity of an organization’s entire IT ecosystem. The end-to-end platform will protect users, devices, and applications in public clouds and private data centers, without public cloud lock-in.

“Security is no longer an option. It is critical to any major initiative an organization may have,” said Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco. “We are committed to delivering greater value to our partners by continuing to drive innovation and facilitating business relationships with Cisco. Partners can obtain key products and then expand across the entire Cisco Secure portfolio to increase profitability while enabling customers to securely realize their digital strategy. transformation goals.

Zero Trust

Duo passwordless authentication is now available for all customers to protect single sign-on (SSO) applications. Users can log in without a password using biometrics (Windows Hello and Mac touch ID) and security keys. Cisco is also adding the Duo Mobile app as a new passwordless authentication option. This will simplify implementation and reduce total cost of ownership for customers, while better meeting the needs of all end users as global adoption of biometrics stalls after several years of strong growth. Among Duo customers, biometrics were enabled on 81% of mobile devices.

Conclusions come from Cisco Duo Secure Access Report 2022, also released today. The annual study is based on approximately 1.1 billion monthly global authentications, a 38% year-over-year increase, across more than 49 million devices and 490,000 unique apps.

“Passwordless authentication reduces the risk of phishing attacks and their ability to use stolen passwords or, as we’ve seen more recently, MFA fatigue,” said Dave Lewis, Global Advisory CISO at Cisco. “As cyberattacks continue to move closer to end users, there is a huge opportunity to adopt low-friction authentication methods that ensure only trusted users and devices have access to enterprise applications and resources. company.”

internet security

The employees return to the office. Among Duo customers, remote access authentications have declined since their peak in 2020, reaching levels below pre-pandemic levels in 2022. As hybrid working becomes the new normal, organizations demand high-performance network security without increasing costs.

To better meet customer needs, Cisco is introducing the newest addition to the Secure Firewall 3100 Series, the first firewalls purpose-built for hybrid working. Secure Firewall 3105 expands branch office scaling options at a price point accessible to more organizations. It enables hybrid workers to support more remote users and increases VPN speed and performance by 17x.

Originally launched in the United States, Cisco Capital now offers Cisco Lifecycle Pay for Secure Firewall, a fixed-term subscription payment solution from Cisco Capital, to provide financial incentive and reduce total cost of use without the burden of property. Customers are eligible to receive a 10% replacement bonus when returning existing firewall hardware and upgrading to the latest qualifying firewall technology from Cisco. Cisco Capital offers a global suite of Segment and architecture independent payment solutions that allow partners to better support their customers and respond to their purchasing preferences.

Secure connectivity

As critical resources are moved to the cloud, customers worry about data vulnerability. The challenge is only growing, as authentications to cloud applications increased by 24% in 2022. Data must be protected, not only from the risk of malicious actors, but also from unintended problems caused by inexperienced users. To achieve this, Cisco is enhancing Umbrella with stronger data loss prevention (DLP) capabilities, including unified policies and reporting via API-based out-of-band DLP and real-time inline DLP, which that makes management easier for security teams.

Umbrella is a fundamental component of Cisco+ Secure Connect, Cisco’s unified Secure Access Service Edge (SASE) solution. By showcasing their capabilities with the Integrated Network and Security Architecture, partners can now realize SASE specialization to help customers securely enable cloud development and deployment, remote work, and edge computing.

Supporting quotes

“The breadth and depth of Cisco’s security portfolio provides our customers with resilience in the wake of an ever-changing threat landscape, enabling us to drive more value with a strategic and comprehensive approach. – Stephanie Hagopian, VP of Security Solutions, CDW

“Password management is a tough proposition for many enterprises, especially in light of BYOD and the growing sophistication of phishing schemes. Cisco aims to simplify the process with its Duo passwordless authentication that offers Out-of-the-box integrations with popular single sign-on solutions. – Will Townsend, Vice President & Principal Analyst, Networks & Security, Moor Insights & Strategy

“Cisco Duo simplifies the passwordless journey for organizations that want to implement phishing-resistant authentication and adopt a Zero Trust security strategy.” – Jack Poller, Principal Analyst, ESG

Additional Resources:

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