The VCIC will deliver actionable intelligence to Verizon's managed and professional security services clients through a blend of security analytics and dedicated security analysts, who will have access to unprecedented sources of threat intelligence so they can help enterprises identify and respond to threats early in the attack cycle.
"Reliable and high-fidelity cyberintelligence is critical to detecting targeted cyberattacks and to implementing a timely and effective response," said Eddie Schwartz, vice president of Global Security Solutions for Verizon Enterprise Solutions. "Our new Cyber Intelligence Center will provide clients with a powerful weapon in safeguarding vital company information, intellectual property and customer data."
The VCIC will synthesize data collected from the company's global IP backbone, thousands of professional service engagements and investigations, the VERIS framework dataset of cyber-incidents, and advanced threat management and big data tools and techniques to deliver unprecedented capabilities for clients.
Leveraging Verizon's global security operations footprint across the Americas, Europe, the Middle East and the Asia-Pac regions, VCIC security analysts will utilize tactical and operational intelligence derived from an environment handling millions of security incidents and trillions of data events per year, and its extensive DBIR dataset detailing more than 70,000 security incidents.
"Yesterday's approach to fighting cyberattacks in which each enterprise attempts to combat well-funded adversaries alone or build these complex cyber capabilities themselves is just not feasible," said Schwartz. "The realities of today's threat landscape require enterprises to focus on understanding the business context of an attack, and taking direct remediative action.
"The VCIC offers even the largest and most sophisticated security teams the opportunity to offload to Verizon the heavy lift associated with critical security analytics and intelligence fusion, and routine tasks, such as log and device management, and truly focus on protecting their precious information assets," Schwartz added.
Industry reports affirm that the rate at which data breaches are occurring is increasing. According to the Verizon "2013 Data Breach Investigations Report," attacks are happening faster, with 84% taking only minutes or less; yet, 66% of breaches remain undiscovered for months or even years.
Verizon Delivers Unparalleled Managed Security Services
Verizon is a leader in delivering global managed security solutions to enterprises in the financial services, retail, public sector, healthcare, manufacturing, energy and transportations sectors. Verizon combines powerful intelligence with an expansive breadth of services – from customizable threat protection, monitoring and analytics, rapid response, incident forensics to identity management – and expert knowledge with more than 550 consultants across to the globe to proactively reduce security threats and better safeguard organizations.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 103 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse workforce of 176,800. For more information, visit www.verizon.com.