BCE and Palo Alto Collaborate to Offer Cloud Security Products

BCE and Palo Alto

Bell, a subsidiary of BCE Inc (NYSE:BCE), has formed a partnership with Palo Alto Networks to launch two cloud-native application protection platform (CNAPP) solutions. These solutions are intended to assist Canadian business organizations in improving the cloud security of their respective systems.

These innovative solutions include Cloud Security Posture Assessment (CSPA) and Cloud Security Posture Protection (CSPP), both of which will assist in determining whether or not there are risks to the data of an organization that is stored in the cloud. Additionally, it will offer managed services for the purpose of securing data across intricate hybrid and multi-cloud settings.

BCE emphasized the fact that Bell is the only vendor in Canada that is able to deliver a managed CNAPP security product in collaboration with Palo Alto Networks by making use of the Prisma Cloud provided by the latter company.

The Cloud Security and Privacy Audit (CSPA) analyzes a company’s cloud-based assets and provides insights into any existing security holes. This service will search for assets, determine their configuration information, and then compare it to customer-specific requirements as well as the Cloud Controls Matrix that is provided by the Cloud Security Alliance. A report is provided that contains recommendations for improvement as well as gaps in the configurations of security and compliance criteria.

The CSPP solution provides continuous security awareness, management, and visibility for workloads or applications that are offered by public clouds. As a consequence of this, businesses are in a position to tackle and mitigate any problem on their own because the CSPP solution guarantees that each cloud service is correctly set up across all environments and provides dedicated notifications.

The security and defense of company data stored in the cloud is made possible by these solutions, which take a proactive, preventative approach and provide visibility in real-time.

In general, the objective of the cooperation is to address the migration of business data to public clouds as well as the difficulties associated with correctly configuring systems and ensuring data safety. Bell will provide services to address these difficulties in addition to individualized insights obtained via the use of the assessment tool developed by Palo Alto Networks.

Bell should benefit from the growing need for solutions that address cybersecurity concerns. According to a survey published by Fortune Business Insights, the global market for cybersecurity is expected to increase at a compound annual growth rate (CAGR) of 13.4% between the years 2022 and 2029, going from $155.83 billion in 2022 to $376.32 billion.

Small and medium-sized enterprises can take use of BCE’s high-speed Internet access, telephone service, data communications, and wireless services. In order to support Canada’s economic recovery from the epidemic, the business has continued to make significant investments in pure fiber and the 5G network.

Comparatively, the drop in the value of BCE stock over the last year was 19.5%, while the decline in the value of the sector overall was 17.8%.

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About the author: Stephanie Bédard-Châteauneuf has over seven years of experience writing financial content for various websites. Over the years, Stephanie has covered various industries, with a primary focus on tech stocks, consumer stocks, market news, and personal finance. She has an MBA in finance.