Palo Alto Networks has updated its Prisma Cloud solution for cloud security posture management (CSPM) to help organizations eliminate cybersecurity blind spots and guard against alert fatigue, according to the company.
To understand the potential value of Prisma Cloud, it's important to understand the emerging Cloud Security Posture Management (CSPM) software tools market. CSPM tools allow MSSPs (managed security services providers) and customers to properly configure and monitor workloads running in Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP) and other public clouds.
Demand for CSPM solutions is surging. Among the reasons: 90 percent of organizations are susceptible to security breaches due to cloud misconfigurations, according to the “2021 Cloud Security Report: Cloud Configuration Risks Exposed” from application lifecycle security company Aqua Security.
With those risks in mind, MSSPs and businesses are spending more on CSPM solutions. Indeed, cloud security posture management-related revenues will reach $9 billion by 2026, up from $4 billion in 2020, according to Markets and Markets. That’s a 14.4 percent compound annual growth rate.
Palo Alto Networks: Prisma Cloud Enhancements
With those CSPM opportunities in mind, Palo Alto Networks has updated Prisma Cloud with:
Prisma Cloud Anomalous Compute Provisioning Detection and Visibility-as-Code are now available. True Network Exposure for AWS, Customizable Object-Level Scanning for AWS S3 and Network Data Exfiltration Detection are expected to be available by the end of July 2021.
Cloud Security Posture Management (CSPM): Mergers and Acquisitions
Meanwhile, multiple companies are acquiring their way into the CSPM market. Recent cloud security posture management company mergers and acquisitions include:
The Bridgecrew purchase has been key to Palo Alto Networks' overall CSPM strategy.
Additional insights from Joe Panettieri.
