Managed Security Services Provider Morning News: 01 November 2017
Each morning MSSP Alert broadcasts a quick lineup of news, analysis and chatter from across the global managed security services provider, SOC (security operations center) and IT outsourcing ecosystem.
Here’s the lineup for Wednesday, November 1, 2017:
10. Forecast: The global cloud security and vulnerability technologies market is expected to grow at a compound annual growth rate (CAGR) of 13.9% through 2022 and reach an estimated market value of $10.1 billion, according to a new industry report by BCC Research.
9. Cyber Insurance: An expert says that while cyber insurance is essential, the current market is one whole mess – there are no benchmarks for the policies, and both buyers and sellers are doing it all wrong, according to Insurance Business Magazine.
8. M&A Rumor: Germany’s Continental AG is in advanced talks to buy Israel’s Argus Cyber Security, whose technology guards connected cars from hacking, for about $400 million, Reuters says.
7. Data Leakage: Malaysia is investigating an alleged attempt to sell the data of more than 46 million mobile phone subscribers online, in what appears to be one of the largest leaks of customer data in Asia, according to Reuters.
6. Caution Sign: Firewall specialist Check Point says revenue for the current quarter will miss Wall Street’s consensus estimates because of a U.S. sales force restructuring, Barron’s reported. The statement provides a timely reality check for the super-hot security market.
5. Russia Tech Hearings: Here are five takeaways from yesterday’s U.S. Congress hearings involving senior executives from Facebook, Google and Twitter. Lawmakers are seeking to understand the extent to which Russia spread disinformation across social media during the 2016 presidential election, Recode notes.
4. M&A: Francisco Partners has acquired a majority stake in Comodo’s certificate authority business (Comodo CA Limited). The investment by Francisco Partners will help support the company’s accelerated growth, which is fueled by an increased need for the protection of digital information, network traffic encryption and demand for enhanced trust in websites, the companies said. Financial terms were not disclosed.
3. Hacker vs. Hacker: What if a hacker launched an attack against peer hackers? That drama is unfolding now.
2. Market Growth: The managed security services (MSS) market in Europe, Middle East and Africa (EMEA) will reach $8.26 billion by 2021, up from $4.27 billion in 2016. That’s a compound annual growth rate (CAGR) of 14.1 percent, according to Frost & Sullivan.
1. IoT Security Standard: Government regulators are promoting the Cyber Shield Act — which strives to set baseline standards for IoT security. We’ll share more details later today.