As the company expands its push into the Internet of Things market, which comprises of a high number of smart products taking instructions from “the cloud”, an increase in mobility invites even more opportunities for cyber criminals to exploit and breach. Broadly speaking, unusual activity on a network that doesn’t fit typical patterns can often trigger warnings that an attack is under way or that a system somewhere on the network has been compromised. “Together with Lancope, our combined solutions can help turn a customer’s entire network into a security sensor”.
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Cisco plans to embed security everywhere+. Lancope is regarded as an important tool to develop the company’s portfolio of security solutions.
“Real time visibility and understanding of the behavior of every machine or device on the network becomes critical in adapting the ability of enterprises to identify and respond to the next wave of cyber threats”, said Rob Salvagno, vice president, Cisco Corporate Development. With the addition of network behavior analytics, Cisco can extend its range of network protection services further than before.
Lancope was founded in 2000 by a Georgia Institute of Technology professor and received venture financing from Canaan Partners, Council Capital and H.I.G. The common thread in an increasingly digitized, mobile and connected world is that all of these devices link into the network, which can be constantly monitored, according to Cisco officials.
The Lancope team will join the Cisco Security Business Group organization led by David Goeckeler. The networking hardware giant has been investing heavily in security in recent years, in 2013 acquiring cybersecurity firm SourceFire Inc. for $2.7 billion and earlier this year buying OpenDNS, which helps route web traffic, for $635 million.
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The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2016, which ends in January, 2016.
