The digital landscape is undergoing a profound shift. Cloud native transformation and the fast pace of application development, driven by advances in generative AI, have led to a significant rise in data sprawl. As many large enterprises rely on hybrid cloud and multicloud environments, it is becoming increasingly challenging to know with confidence whether or not your data is secured.
The data sprawl across public clouds, while offering flexibility and scalability, raises concerns about the security of sensitive data. The 2023 IBM Cost of a Data Breach Report revealed that over 80% of recent data breaches involved data stored in the cloud. As if this attack surface was not challenging enough, the rapid rise and adoption of large language models (LLMs) and generative AI within enterprise applications have created new threat vectors involving sensitive data stored in the cloud.
In modern organizations, managing cloud data has become more complex due to multiple databases and data stores tied to cloud native applications, which are spread across various cloud providers. Security and data governance teams continue to grapple with several pressing questions:
The urgency of these questions cannot be overstated, and answering them cannot happen in silos or with homegrown tools. Security teams require a Code to Cloud™ platform approach that combines data security with cloud context. This approach provides visibility, governance around cloud data, and the ability to detect and prevent data loss or exfiltration.
Earlier this month, we announced the Prisma Cloud Darwin release, which introduced Code to Cloud™ intelligence, a new approach to modern cloud security challenges. It connects insights from the developer environment to the application runtime, contextualizing alerts and offering remediations to prevent risks and stop breaches effectively. Once we close the acquisition, Dig Security will strengthen our investment in powerful data security capabilities that extend Code to Cloud intelligence insights to cloud data stores and generative AI models, allowing security teams to have a comprehensive operational view of applications, data, and cloud infrastructure, all in one place. More importantly, it will enable them to detect and respond to data exfiltration rapidly.
The call to action is clear – organizations must look for best-in-class data security to be integrated into their Code to Cloud platform. The result is the ability to understand their cloud data footprint granularly, dynamically manage user access, fortify their defenses against threats, and stay compliant with regulations. While the cloud continues to promise a brighter, more scalable and connected future, it also demands a renewed focus on security. After all, in this age of digitization, data is not just an asset; it's the lifeblood of an organization.
Interested in learning how to prioritize and fix critical application risks at the source, and in a matter of minutes? Join us at our virtual event, CNAPP Supercharged: A Radically New Approach to Cloud Security, on October 31, 2023. Discover Prisma Cloud's latest innovations and how to streamline app lifecycle protection. Register today!
And don’t miss an opportunity to test drive best-in-class Code to Cloud security with a free 30-day Prisma Cloud trial.
This blog contains forward-looking statements that involve risks, uncertainties and assumptions, including, but not limited to, statements regarding the anticipated benefits and impact of the proposed acquisition on Palo Alto Networks and its customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this blog, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties’ commercial relationships and workforce; the ability to satisfy the conditions to the closing of the acquisition; the abilitity to consummate the proposed acquisition on a timely basis or at all; the ability of Palo Alto Networks to integrate Dig’s technology, operations and business; developments and changes in general market, political, economic and business conditions; risks associated with managing our growth; risks associated with new products and subscription and support offerings; shifts in priorities or delays in the development or release of new offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions, as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; our customers’ purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.
Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with the SEC on September 1, 2023, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this blog are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.