Cisco CEO Chuck Robbins: Hackers Cost $6T in Damage
May 17, 2021
Hackers cost $6 trillion in global damages, according to Cisco CEO Chuck Robbins, who delivered an RSA Conference keynote.
Cisco unveiled innovations to further its journey to radically simplify and deliver end-to-end security, across users, devices, networks, applications and data. Announcements today improve Extended Detection and Response (XDR) with greater visibility across network, endpoint and cloud. New innovations expand Cisco’s vision for Secure Access Service Edge (SASE) with enhanced threat detection in the cloud and redefine and simplify network security. Cisco continues to simplify customers’ security, network and IT operations - empowering organizations to embark securely on digital transformation.
The world has shifted towards a more distributed workforce, and with recent global events, hybrid work is here to stay. Users now expect to connect from anywhere and on any device, while security teams have the same complex, piecemeal and time-consuming solutions. It is time to rethink security.
“Security has to be at the heart of everything in the new world we live in. We believe it needs to be done with a platform approach that is simple, comprehensive and based on intelligence,” said Cisco Chairman and CEO Chuck Robbins, addressing the virtual RSA Conference audience. “There is really no perimeter in the enterprise to defend anymore. We need visibility across endpoints, users and applications as well as securing critical control points with continuous passwordless authentication.”
Improving Visibility and Simplifying Extended Detection and Response (XDR)
The erosion of the network perimeter and transition to work-from-anywhere have conspired to expose endpoint devices, users and applications to threats more so than ever before. Organizations continue to struggle with extending visibility and protection to endpoints, with more than 40 percent globally reporting a major security incident in the last two years, according to the new Cisco Security Outcomes Study: Endpoint Edition. Organizations that do not prioritize integrated solutions were almost twice as likely to have suffered a major security event. In response, Cisco continues to expand its XDR capabilities, integrating multiple security control points and applying analytics and automation to reduce customers’ time to detection and response. Cisco today announced:
“SecureX device insights provides an instant view of all the endpoints and devices with details needed to assess compliance and health of all assets in my environment,” said John DePalma, Cybersecurity Engineer, Sentara Healthcare. “SecureX device insights delivers welcome help to gain momentum on our Zero Trust journey at Sentara.”
Delivering on a SASE Vision with Enhanced Cloud Security
Today’s distributed and hybrid workforce necessitates delivering protection and performance wherever employees access the internet or cloud applications. Cisco’s SASE architecture integrates multiple security and networking functions into a single, secure connectivity offer. This significantly simplifies security and reduces the cost, time, and resources previously required for deployment, configuration, and integration. Continuing to deliver on its SASE vision, Cisco today announced:
Redefining and Simplifying Network Security
Constantly changing application environments make network security more complex. Modern continuous integration and continuous delivery (CI/CD) applications necessitate tighter coordination among developers, security, and network teams to ensure application environments and workloads are secure, firewalls are appropriately configured, and policies are integrated. Otherwise, vulnerabilities and misconfigurations in these constantly changing environments leave doors open for potential threat actors. Redefining and simplifying network security, Cisco today announced:
“At ePlus we strive to deliver effective, integrated cybersecurity centered on mitigating business risk,” said Lee Waskevich, Vice President of Security at ePlus Technology, Inc. “Cisco is building on a strong portfolio and continues to innovate how they deliver a holistic platform approach focused on reducing complexity, and integrating security across the network, endpoints, users, apps and cloud through SecureX. As a Gold Master Certified Security Partner, ePlus is excited to partner with Cisco and help our customers recognize the advantages SecureX brings to their security operations.”