You are currently viewing Managed Security Service Provider (MSSP) Market News: August 17, 2022

Managed Security Service Provider (MSSP) Market News: August 17, 2022

Every business day, MSSP Alert delivers this quick list of news, analysis, and discussion from across the managed security service provider ecosystem.

  • The contents: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), eXtended Detection and Response (XDR), Threat Hunters and MSP Security Vendors – and those who need to partner to these companies.
  • Frequency and format: Every business morning. Usually one or two sentences for each item below.
  • Reach our inbox: Send news, tips and rumors to:

Thanks in advance for the new tips.

A. Current MSSP, MDR, XDR and Cybersecurity Market News

1. Security Operations Center (SOC): The Verizon Business Advanced SOC in Canberra, Australia supports Japanese Fujifilm and its subsidiaries. Fujifilm’s network and security experts around the world Asia Pacific, Europe and US regions can leverage daily threat intelligence feeds from Verizon’s Threat Research Advisory Center (VTRAC). Additionally, Verizon local-language security engineers and analysts will monitor Fujifim’s global remote environments 24 hours a day, 7 days a week, 365 days a year, the companies said.

2. Industrial Security Operations Center (SOC): Yokogawa Electric Corp. of Tokyo, Japan, built a Security Operations Center (SOC) for industrial customers. The OpreX IT/OT Security Operations Center (IT/OT SOC) service is designed for customers in vertical markets such as Oil & Gas, Petrochemical, Chemicals, Iron & Steel, Pulp & Paper, electricity and sewage treatment.

3. MSP Partner Program – Network Security: Backbox has launched a partnership program for MSPs and MSSPs. At the same time, the company hired Josh Stephens as chief strategy officer and Gautam Shankar as vice president of MSP sales.

4. Partner Program: Deep Instinct has launched a new Stratosphere program for MSSPs. The multi-tenant security platform is backed by:

  • Licensing options for all product features. Customers can be billed monthly or annually on the base rate of a single, all-inclusive price per seat.
  • A designated Deep Instinct technical expert.
  • Potential Deep Instinct customers and the opportunity to earn MDF (market development fund) rebates.

5. Partnership – Transportation Safety: Clavister and Irdeto are partnering to integrate their firewall and asset protection capabilities. The collaboration “will enable end customers to monitor and manage their connected fleet securely and remotely while delivering world-class digital customer experiences,” the companies said.

6. Partnership – Application Security: CREST and the Open Web Application Security Project (OWASP) announced the OWASP Verification Standard (OVS), a new quality assurance standard for the global application security industry. CREST OVS provides mobile and web application developers “greater security assurance and accredited organizations with improved access to the growing application development industry,” the organizations said.

7. Partnership – Tanium and Microsoft MISA: Endpoint management software vendor Tanium has joined the Microsoft Intelligent Security Association (MISA), an ecosystem of independent software vendors and MSSPs that have “integrated their solutions with Microsoft security technology to help customers better defend themselves against increasingly sophisticated cyber threats,” the companies said.

8. Partner Program – Penetration Testing and Attack Surface Management: NetSPI has launched the NetSPI Partner Program.

9. Partnership – Identity and Access Management (IAM): Simeio, a global MSP focused on identity and access management in the cybersecurity industry, has adopted the 1Kosmos BlockID platform.

10. Partnership – Brand Protection: Allure Security will incorporate unique image verification technology developed by cybersecurity research lab and incubator CTM Insights. The goal: to find more fake websites, social media accounts and mobile apps to mitigate cyber fraud.

11. Compensation – Cybersecurity jobs: Tied with the national averages for cybersecurity jobs, Booz Allen pays its entry-level cybersecurity employees salaries ranging from $95,000 to $150,000, while experienced non-executive employees earn between $140,000 and $240,000, reported Fortune. Senior executives earn more than that and are entitled to bonuses, according to the report.

12. Endpoint Detection and Response (EDR): VIPRE Security Group is preparing to launch VIPRE Endpoint Detection and Response (EDR) for SMBs and IT partners.

13. Cyber ​​risk management tools: Safe Security has launched an interactive cost calculator and cyber insurance assessment tools, which are “designed to enable data-driven discussions of risk and coverage requirements”.

14. Third Party Risk Management: AuditBoard has launched a third-party risk management solution. The solution “allows third-party risk management programs to scale more effectively and meet the growing needs of their business,” the company said.

15. Funding – Secure Blockchain Supply Chain Management: WaveDancer sold approximately 1.56 million shares of common stock to raise $1.875 million in equity financing. The funding, known as PIPE (Private Investment in Public Equity (PIPE), comes after WaveDancer canceled an agreement to acquire Knowmadics for $90 million. The capital will help WaveDancer “with medium-term growth opportunities.” term to achieve profitability, particularly within our professional services division,” said CEO Jamie Benoit.

16. Research – Crypto Crime: A mid-year on-chain analysis is here.

17. Research – DDoS Escalation: The number of malicious DDoS attacks jumped 203% in the first half of 2022 compared to the corresponding quarter of last year, Radware’s Global Threat Analysis report revealed.

18. Hackers target UK water supplier: South Staffordshire, the parent company of South Staffs Water and Cambridge Water, has suffered a cyberattack. usefulness provides drinking water to around 1.3 million people and around 35,000 business customers.

19. M&A – Transactions concluded: Thoma Bravo completed the acquisition of SailPoint and KKR completed the acquisition of Barracuda. Both deals were announced earlier this year.

B. Calendar of virtual events and MSSP, MDR and cybersecurity conferences

  1. Gartner Identity and Access Management Summit 2022 (August 22-24, Las Vegas)
  2. Blue Team Con 2022 (August 27-28, Chicago)
  3. LogRhythm RhythmWorld 2022 (September 13-15, Denver, Colorado)
  4. Fal.Con 2022: CrowdStrike Cybersecurity Conference (September 19-21, Las Vegas)
  5. Join us: MSSP Alert Live (September 19-21, Washington, DC)
  6. Prime: Full calendar of MSSP Alert events

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