JPMorgan Chase Adopts Cisco and Palo Alto Networks Edge Devices
What happened
JPMorgan Chase adopted network edge devices from Cisco and Palo Alto Networks for its enterprise infrastructure. According to a keynote address, JPMorgan Chase's Global Chief Information Security Officer stated that half of the critical vulnerabilities his team addressed were found in network edge devices.
From forbes.com
Why it matters
The adoption highlights the growing risk in network infrastructure, as firewalls, VPNs, routers, and switches have seen an eightfold increase in vulnerability exploitation over two years. These attacks are often carried out by state-sponsored groups targeting American critical infrastructure.
From forbes.com
Who's involved
- JPMorgan ChaseAdopting network edge devices for enterprise infrastructure
- CiscoProviding network edge devices for enterprise infrastructure
- Palo Alto NetworksProviding network edge devices for enterprise infrastructure
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CiscoSpeculative
Cisco might see increased demand for infrastructure and security upgrades due to widespread network vulnerability.
- Palo Alto NetworksSpeculative
Palo Alto Networks could see increased demand for security solutions as network vulnerability grows.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Jpmorgan chase's infrastructure adoption may boost demand for AMD computeProbably a mild increase in demand for AMD compute technology within the banking sector.Possible
- JPMorgan's large device procurement may pressure Fortinet's market shareJPMorgan's large device procurement may pressure Fortinet's market sharePossible
Keep exploring
The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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Palo Alto Networks
cyber-security company
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Cisco
American multinational technology company
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