Verizon Communications Inc. (VZ - Free Report) has launched the new subscription-based Threat Intelligence Platform Service, to detect and address cyber threats more effectively. This service is delivered via the Threat Platform of Anomali, the technological partner of Verizon’s new venture. The platform, which will be available globally from fall this year, will give customers the option to choose specific service levels based on their requirements.
Motive Behind Verizon’s Initiative
Per this year’s Verizon’s Data Breach Investigations Report (DBIR), a yearly initiative by the company wherein it collects and reports information from worldwide data, incidents such as financial pretexting and phishing comprise 98% of social attacks and 93% of total evaluated breaches. Ransomware attacks too have increased notably since last year’s DBIR. This calls for stronger protection against cyber threats for businesses across the world and has led the company to develop this new service.
How the Threat Intelligence Platform Service Works
The new platform bolsters cyber security performance by identifying numerous threat indicators and locating active attacks in real-time. These active threats are evaluated by Verizon’s Professional Services consultants at the customer’s location. The analysis is based on the kind of service the customer needs so that specialists can make early threat detection and choose the best approach to combat it.
A Game Changing Approach to Beat Cyber Threat
With this innovative service offering, Verizon has become a game changer by providing customers an effective way to protect sensitive data, enabling them to successfully resist or significantly mitigate the impact of a security breach. The company believes that its 11-year DBIR series contain cyber intelligence information and detailed analysis, which is unparalleled in the industry. Combined with cyber-situational awareness from Verizon's Threat Research Advisory Center, the company intends to take cyber intelligence to the next level with the Threat Intelligence Platform Service. It is very important to be proactive and act on time when it comes to confronting cyber criminals, and Verizon and Anomali are at the top of this game. Their combined efforts will be probably hard to beat by security breaching malwares.
On account of such initiatives, the stock has outperformed the industry in the past year on an average, with a return of 3.2% against a decline of 11.5% for the latter.
Zacks Rank and Stocks to Consider
Verizon currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry space are BlackBerry Limited (BB - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) , each sporting a Zacks Rank #1 (Strong Buy), and Ubiquiti Networks, Inc. (UBNT - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BlackBerry has an expected long-term earnings growth rate of 18.6%.
Motorola has an expected long-term earnings growth rate of 8%.
Ubiquiti has an expected long-term earnings growth rate of 18.6%.
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