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Illustration: Axios Visuals

At next month's RSA cybersecurity conference, around 600 cybersecurity vendors will be in the expo halls vying for visitor dollars. By next year, many of them will be out of business; others will be sold.

Quoted: "I believe there will be a lot of consolidation in the industry and that it's exactly the wrong thing to do," Mark McLaughlin, chair and chief executive of Palo Alto Networks, told Axios.

"No one company can create all the innovation": Cybersecurity isn't like word processing — most companies can't get by with a single vendor or single program to perform all the functions it requires. The market is flooded with tools and services primarily designed to do single functions, each of which competes for security staffs' attention.

  • "We hear 'I can't keep consuming more and more technology,'" said McLaughlin. "Or 'I want less vendors.'"
  • But McLaughlin worries single vendors either must be so large that they lack agility or so small that they lack features. "No one company can create all the innovation," he said.

Consolidating platforms, not companies: McLaughlin has a horse in this race. Palo Alto Networks is launching an app store-type model allowing all vendors to operate within the Palo Alto framework.

  • If it succeeds, it will fundamentally change how companies, particularly smaller ones, compete in this space. On the one hand, for better and worse, it narrows the scope of a company's control over its own environment. On the other, companies won't need to lose focus of their strengths to compete. "You should pay attention to what you're good at," he said.

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.

NRA declares bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for Chapter 11 bankruptcy and will seek to reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment."

The big picture: The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

3 hours ago - Politics & Policy

Biden: "We will manage the hell out of" vaccine distribution

Joe Biden. Photo: Chip Somodevilla / Getty Images

President-elect Joe Biden promised to invoke the Defense Production Act to increase vaccine manufacturing, as he outlined a five-point plan to administer 100 million COVID-19 vaccinations in the first months of his presidency.

Why it matters: With the Center for Disease Control and Prevention warning of a more contagious variant of the coronavirus, Biden is trying to establish how he’ll approach the pandemic differently than President Trump.