Fortinet has announced FortiXDR, an artificial intelligence-based extended detection and response (XDR) solution. Organizations can use FortiXDR to autonomously manage cybersecurity incidents from identification to remediation, according to a prepared statement.
FortiXDR leverages security information shared across the Fortinet Security Fabric for cyber threat correlation and analysis, the company said. It automates security operations processes typically handled by security analysts to help organizations mitigate threats faster than ever before.
How Does FortiXDR Work?
FortiXDR lets organizations leverage AI during security investigations to classify cyber threats and understand their scope, Fortinet stated. It provides context into threats to help organizations automatically implement incident response measures.
In addition, FortiXDR can reduce the number of alerts across an organization's security products, Fortinet noted. FortiXDR can handle complex tasks quickly and without human error and ensures an organization can use various security products simultaneously to automate and coordinate incident response.
FortiXDR also can ingest telemetry from multiple departments across an organization, Fortinet indicated. It covers the cyberattack chain to help an organization reduce its mean time to detection (MTTD) and mean time to response (MTTR).
What Does FortiXDR Mean for Fortinet?
The FortiXDR announcement is one of several recent moves that could help Fortinet bolster its global cybersecurity market reach.
Along with its FortiXDR release, Fortinet last month acquired Panopta, a SaaS platform and network monitoring specialist that supports MSPs and MSSPs. The acquisition is expected to help Fortinet enhance its real-time security monitoring and the effectiveness of the infrastructure that powers its security services, the company said.
Furthermore, Fortinet integrated its network security training platform with IBM's digital skills-building program in August. Fortinet and IBM together are helping create new cybersecurity career pathways, the companies indicated.
Fortinet reported total revenue of $651.1 million in the third quarter of 2020, up 18.9 percent from 3Q19. Also, Fortinet's net income was $123.4 million in 3Q20, an increase from $80.2 million in 3Q19.