HONG KONG, November 17, 2020 — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, and PwC Hong Kong today announced an expanded partnership to deliver managed detection and response (MDR) services to their customers in Hong Kong. The offering combines MDR services delivered by PwC — Managed Cyber Defence — and Cortex XDR™ by Palo Alto Networks. Together, customers have access to a state-of-the-art managed threat hunting, protection, detection and response service from anywhere, globally.

According to PwC’s Global Digital Trust 2021 Survey, recent shifts in business models have prompted many enterprises to speed up their digitization programmes. Nearly all (96%) say they will adjust their cybersecurity strategy due to COVID-19, and half are likely to consider cybersecurity in every business decision (up from 25% last year). One-third strongly agree that, thanks to automation and rationalization of tech,  organizations can strengthen their cyber posture while containing costs.

Cortex XDR is the industry's first extended detection and response platform that runs on integrated endpoint, network, cloud and third-party data to reduce noise and focus on real threats. By combining Cortex XDR with MDR services, customers can relieve the day-to-day burden of security operations and achieve 24/7 coverage, from alert management and investigation to incident response.

The Managed Cyber Defence service fuses the power of PwC’s global threat intelligence, thousands of hours of incident response expertise, and advisory services with Cortex XDR to provide a unique level of protection with unmatched visibility and detection capabilities. As a result, security teams can significantly reduce attack dwell time, down to minutes, and day-to-day security operations workloads by up to 90%, elevating organizations to a mature security posture. 

Purpose-built to cater to organizations of any size, in any industry, the service reduces response times from typically hours to minutes, cutting down the likelihood of an emerging threat manifesting as a breach. Detection of emerging attacker behaviours and pivoted attack scenarios puts organizations on a path to proactive defences against 'the unknown’ while extending protections across on-premises, cloud, virtualized and IoT environments. 

Felix Kan, cybersecurity and privacy partner, PwC Hong Kong, said:

“The prevention of attacks and mitigating cyber breaches are core elements in the PwC and Palo Alto Networks approach particularly as the COVID-19 pandemic has spurred a move to remote work at scale, leaving many businesses vulnerable to cyberattacks. Together, PwC and Palo Alto Networks offer a service designed to address and solve customer cybersecurity pain points particularly as the market demands new ways to detect and respond to threats.”

Wickie Fung, managing director of Hong Kong and Macau at Palo Alto Networks, said: “The global expansion of our partnership with PwC means joint customers will benefit from best-in-class Managed Detection and Response services powered by Cortex XDR. As digitalization progresses, the Palo Alto Networks and PwC joint Cortex XDR and MDR service offering has been validated by a growing number of enterprise customers.”  

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. 

About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, Cortex, and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

Issued on behalf of Palo Alto Networks and PwC by Newell PR.

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