Coronavirus Sets Up Accelerated Push to Cloud for Cybersecurity Industry

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Cybersecurity firms that offer cloud services are poised to benefit from mass exodus to remote work during the coronavirus pandemic

The pivot to working from home highlights the benefits of cloud-based services that can quickly scale up defenses around decentralized employees, they say. That could prove to be an opportunity for some companies when the shocks caused by the pandemic’s spread recede.

The initial reaction could provide a shot in the arm for existing suppliers as companies expand the capacity of virtual private networks and other tools. VPNs allow remote workers to effectively burrow beneath their workplaces’ perimeter defenses, recreating “on-premise” security tailored to physical office spaces and data centers.

Some businesses are betting on remote work arrangements enduring even after the current restrictions end. Security firm Palo Alto Networks Inc. announced last week its $420 million purchase of CloudGenix Inc., a cloud-based security startup. “The nice part about the cloud is you don’t have to go physically install hardware somewhere,” said Patrick Sullivan, chief technology officer for security strategy at Akamai Technologies Inc.

 

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NEVER trust any CLOUD.

Until the stalled economy means there's no work to do from home either.

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