Verizon Business beefs up security portfolio to combat cybercrime

Verizon Business expands it security portfolio to help customers combat cybercrime. (Pixabay)

Verizon Business has added three new features it its security portfolio to help businesses better protect themselves against cyberattacks. Verizon Business also announced on Thursday that has enhanced its Rapid Response Retainer service, which offers companies cyber intelligence and incident response capabilities directly from the Verizon Threat Research Advisory Center (VTRAC).

Verizon’s Rapid Response Retainer puts the full capabilities of the VTRAC consulting team at the disposal of customers in as little as six hours from an incident report—depending on specific customer retainers—and can now be customized. The service's features—which include threat intelligence summaries, 24/7 hotline, onsite support and investigative liaison— can now be supplemented with options such as Verizon Network Detection and Response, Dark Web Hunting, Tanium’s endpoint protection and Verizon’s backbone NetFlow.

A new mobile app, which provides quick access to both threat status reports and dedicated response teams, is also now available.

“Our 2019 Data Breach Investigations Report highlighted that financially motivated cyberattacks are increasing across the board, and that C-level executives are increasingly and proactively targeted by social breaches, linked to, for example, stolen credentials, said Alex Schlager, executive director and chief product officer of security services at Verizon Business, in a statement. "Now, more than ever, organizations need to be thinking differently about security, and leveraging cutting edge technology to help mitigate against cybercrime.

A new service added to the security portfolio is Verizon Managed Detection and Response (MDR), which is a managed security service that uses analytics and behavior modeling to help organizations quickly identify potential cyberthreats.

The managed, cloud-based solution overlays Verizon’s core remote threat monitoring, detection and response capabilities with built-in multi-layer analytics and behavior modeling from Securonix. Verizon said MDR would be generally available in April.

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For the Verizon Identity (VID) and Verizon Machine State Integrity solutions, Verizon tapped into blockchain for the first time in its security portfolio. In general, blockchain is a growing list of records, called blocks, which are linked together with cryptography. By design, the data from a blockchain can't be modified.

Verizon ID enables users to store identity credentials in a secure “digital identity safe” on their mobile devices, which can then be validated and securely accessed, which potentially would eliminate the need for passwords.

It encrypts and distributes identity data across multiple online servers on the blockchain, so there is no centralized database or single point of entry for breach attempts. It also uses multi-factor authentication and biometrics for advanced identity protection. Verizon ID is compliant with all major industry regulations and standards including NIST SP 800-63-3, GDPR and FIDO2. The solution is available to customers globally.

Verizon’s Machine State Integrity security feature, which will be available in the U.S. in the second quarter of this year, sources operational data from decentralized machine environments to offer actionable insights on potential compliance and security issues. Verizon Business said that machine security was a complex challenge because a single weak entry point that is found by a cyberattack could lead to total infrastructure breakdowns, which could include power girds, a manufacturing plant, or smart city deployment.