Company type | Public |
---|---|
| |
Industry | Network security Cybersecurity [1] Cloud Computing [2] |
Founded | 2005 |
Founder | Nir Zuk |
Headquarters | , U.S. |
Area served | Worldwide |
Key people | Nikesh Arora (CEO) |
Products | PA 220, 4x0, 8x0, 32x0, 34x0, 54x0, 70x0, VM, CN firewall series [3] Prisma SASE [4] Prisma Cloud, Cortex XDR, Cortex Xpanse, Cortex XSOAR, Cortex XSIAM |
Revenue | US$6.89 billion (2023) |
US$387 million (2023) | |
US$440 million (2023) | |
Total assets | US$14.5 billion (2023) |
Total equity | US$1.75 billion (2023) |
Number of employees | 13,948 (2023) |
Website | paloaltonetworks |
Footnotes /references Financials as of July 31,2023 [update] [5] |
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. [6] It is home to the Unit 42 threat research team [7] and hosts the Ignite cybersecurity conference. [8] It is a partner organization of the World Economic Forum. [9]
In 2018, Palo Alto Networks was listed 8th in the Forbes Digital 100. [10] In June 2018, former Google and SoftBank executive Nikesh Arora joined the company as Chairman and CEO. [11]
Palo Alto Networks was founded in 2005 by Nir Zuk, [12] a former engineer from Check Point and NetScreen Technologies. [13]
Starting in 2011, Gartner began listing Palo Alto Networks as a leader in the Magic Quadrant for Network Firewalls. [14] [ better source needed ]
The company debuted on the NYSE on July 20, 2012, raising $260 million with its initial public offering, which was the 4th-largest tech IPO of 2012. [15] [16] [17] It remained on the NYSE until October 2021 when the company transferred its listing to Nasdaq. [18] [ better source needed ]
In 2014, Palo Alto Networks founded the Cyber Threat Alliance with Fortinet, McAfee, and NortonLifeLock, a not-for-profit organization with the goal of improving cybersecurity "for the greater good" by encouraging cybersecurity organizations to collaborate by sharing cyber threat intelligence among members. [19] [20] By 2018, the organization had 20 members including Cisco, Check Point, Juniper Networks, and Sophos. [21]
The company expanded over the years, offering new enterprise cybersecurity services beyond its original next-generation firewall offering, such as Traps endpoint protection, Wildfire malware prevention, [22] machine learning, and data analytics. [23]
In 2018, the company began opening cybersecurity training facilities around the world as part of the Global Cyber Range Initiative. [24]
In May 2018, the company announced Application Framework, an open cloud-delivered ecosystem where developers can publish security services as SaaS applications that can be instantly delivered to customers. [2]
In June 2018, former Google Chief Business Officer and SoftBank President Nikesh Arora joined the company as chairman and CEO. [11] His predecessor, Mark McLaughlin, became vice chairman of the board of directors. Arora received a pay package worth about $128 million, making him one of the highest-paid executives in the United States. [25] In September 2018 Liane Hornsey, formerly Chief People Officer at Uber, joined Palo Alto Networks as Chief People Officer. [26] In October 2018, Amit Singh, formerly President of Google Cloud, succeeded Mark Anderson as President of Palo Alto Networks. [27] In August 2021, William (BJ) Jenkins succeeded Singh as president, with Singh assuming the role of Chief Business Officer. [28] [ better source needed ]
In 2019, the company announced the K2-Series, a 5G-ready next-generation firewall developed for service providers with 5G and IoT requirements. [29] [ better source needed ] In February 2019, the company announced Cortex, an AI-based continuous security platform. [30] In 2022, the company was also listed in the Gartner Magic Quadrant for Network Firewalls, also marking the 11th consecutive year of the company being listed. [31]
This section contains content that is written like an advertisement .(April 2019) |
Palo Alto Networks offers an enterprise cybersecurity platform that provides network security, cloud security, endpoint protection, and various cloud-delivered security. Components of the security platform listed on the Palo Alto Networks website include: [56]
In 2019, Palo Alto Networks reorganized its SaaS offerings under the Cortex branding. [62]
Unit 42 is the Palo Alto Networks threat intelligence and security consulting team. They are a group of cybersecurity researchers and industry experts who use data collected by the company's security platform to discover new cyber threats, such as new forms of malware and malicious actors operating across the world. [68] The group runs a popular blog where they post technical reports analyzing active threats and adversaries. [69] Multiple Unit 42 researchers have been named in the MSRC Top 100, Microsoft's annual ranking of top 100 security researchers. [70] In April 2020, the business unit consisting of Crypsis Group which provided digital forensics, incident response, risk assessment, and other consulting services merged with the Unit 42 threat intelligence team. [71]
According to the FBI, Palo Alto Networks Unit 42 has helped solve multiple cybercrime cases, such as the Mirai Botnet and Clickfraud Botnet cases, [72] the LuminosityLink RAT case, [73] [74] and assisted with "Operation Wire-Wire". [75]
In 2018, Unit 42 discovered Gorgon, a hacking group believed to be operating out of Pakistan and targeting government organizations in the United Kingdom, Spain, Russia, and the United States. The group was detected sending spear-phishing emails attached to infected Microsoft Word documents using an exploit commonly used by cybercriminals and cyber-espionage campaigns. [76]
In September 2018, Unit 42 discovered Xbash, a ransomware that also performs cryptomining, believed to be tied to the Chinese threat actor "Iron". Xbash is able to propagate like a worm and deletes databases stored on victim hosts. [77] In October, Unit 42 warned of a new crypto mining malware, XMRig, that comes bundled with infected Adobe Flash updates. The malware uses the victim's computer's resources to mine Monero cryptocurrency. [78]
In November 2018, Palo Alto Networks announced the discovery of "Cannon", a trojan being used to target United States and European government entities. [79] [80] The hackers behind the malware are believed to be Fancy Bear, the Russian hacking group believed to be responsible for hacking the Democratic National Committee in 2016. The malware communicates with its command and control server with email and uses encryption to evade detection. [81]
McAfee Corp., formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California.
Cybercrime encompasses a wide range of criminal activities that are carried out using digital devices and/or networks. These crimes involve the use of technology to commit fraud, identity theft, data breaches, computer viruses, scams, and expanded upon in other malicious acts. Cybercriminals exploit vulnerabilities in computer systems and networks to gain unauthorized access, steal sensitive information, disrupt services, and cause financial or reputational harm to individuals, organizations, and governments.
Trend Micro Inc. is an American-Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, & cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.
Fortinet is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.
Check Point is an American-Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, data security and security management.
Webroot Inc. is an American privately-held cybersecurity software company that provides Internet security for consumers and businesses. The company was founded in Boulder, Colorado, US, and is now headquartered in Broomfield, Colorado, and has US operations in San Mateo and San Diego, and globally in Australia, Austria, Ireland, Japan and the United Kingdom.
VirusTotal is a website created by the Spanish security company Hispasec Sistemas. Launched in June 2004, it was acquired by Google in September 2012. The company's ownership switched in January 2018 to Chronicle, a subsidiary of Google.
SolarWinds Corporation is an American company that develops software for businesses to help manage their networks, systems, and information technology infrastructure. It is headquartered in Austin, Texas, with sales and product development offices in a number of locations in the United States and several other countries. The company was publicly traded from May 2009 until the end of 2015, and again from October 2018. It has also acquired a number of other companies, some of which it still operates under their original names, including Pingdom, Papertrail and Loggly. It had about 300,000 customers as of December 2020, including nearly all Fortune 500 companies and numerous agencies of the US federal government.
Trellix is a privately held cybersecurity company that was founded in 2022. It has been involved in the detection and prevention of major cybersecurity attacks. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks.
Imperva, Inc. is an American cyber security software and services company which provides protection to enterprise data and application software. The company is headquartered in San Mateo, California.
Seculert was a cloud-based cyber security technology company based in Petah Tikva, Israel. The company's technology was designed to detect breaches and advanced persistent threats (APTs), attacking networks. Seculert's business was based on malware research and the ability to uncover malware that has gone undetected by other traditional measures.
Mandiant is an American cybersecurity firm and a subsidiary of Google. It rose to prominence in February 2013 when it released a report directly implicating China in cyber espionage. In December 2013, Mandiant was acquired by FireEye for $1 billion, who eventually sold the FireEye product line, name, and its employees to Symphony Technology Group for $1.2 billion in June 2021.
Lastline, Inc. is an American cyber security company and breach detection platform provider based in Redwood City, California. The company offers network-based security breach detection and other security services that combat malware used by advanced persistent threat (APT) groups for businesses, government organizations and other security service providers. Lastline has offices in North America, Europe, and Asia.
Open Threat Exchange (OTX) is a crowd-sourced computer-security platform. It has more than 180,000 participants in 140 countries who share more than 19 million potential threats daily. It is free to use.
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. The company has been involved in investigations of several high-profile cyberattacks, including the 2014 Sony Pictures hack, the 2015–16 cyber attacks on the Democratic National Committee (DNC), and the 2016 email leak involving the DNC.
Shlomo Kramer, is an Israeli information technology entrepreneur and investor. He is the co-founder of cyber-security companies Check Point and Imperva, as well as Cato Networks, a cloud-based network security provider.
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