Cloudflare (NET) & Booz Allen Team Up to Combat Cyber Threats
Zacks –
Cloudflare and Booz Allen Hamilton have partnered to offer Under Attack as a Service (UAaaS) with 30-Day Rapid Response distributed denial-of-service (DDoS) Mitigation
This collaboration aims to provide immediate incident response and continuous protection for enterprises facing cyberattacks, ensuring uninterrupted business operations during critical times
Key points:
Cloudflare’s robust connectivity cloud and Booz Allen Hamilton’s cyber expertise combine to deliver a comprehensive solution for mitigating cyber threats
The UAaaS benefits organizations by providing Cloudflare’s extensive global network protection and Booz Allen’s Global Commercial Incident Response team support
During the 30-day Incident Response period, Cloudflare’s network continuously analyzes traffic patterns, identifies potential threats, and implements proactive defenses
Clients receive detailed reports on attack vectors, mitigation strategies, and overall network performance
Cloudflare continues to strengthen its portfolio with new capabilities, such as Defensive.AI, Cloudflare One Data Protection Suite, Hyperdrive, and Magic WAN Connector
The company recently unveiled Workers AI, a tool that enables developers to deploy AI applications globally with one click
Cloudflare has acquired several businesses, including Baselime, Area 1 Security, and Vectrix, to expand its product offerings and address observability challenges for serverless applications
The company is witnessing significant growth in customer numbers for its core application services, Zero Trust solutions, and network services like Magic Transit in Cloudflare One
Cloudflare’s financial performance has been driven by client wins and growing momentum among large enterprise customers, with a 32% increase in Q4 2023 revenues and a 150% increase in adjusted EPS year-over-year
The company’s stock has risen 14.5% year-to-date, and it currently holds a Zacks Rank #3 (Hold) in the broader technology sector.
Link: https://www.zacks.com/stock/news/2252430/cloudflare-net-booz-allen-team-up-to-combat-cyber-threats