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Managed Security Services Provider (MSSP) Market News: 31 May 2023

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Each business day, MSSP Alert delivers a quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.

  • The Content: Written for MSSPs and MSPs; threat hunters; security operations center as a service (SOCaaS), managed detection and response (MDR), and eXtended detection and response (XDR) providers — and those who partner with such companies.
  • Frequency and Format: Every business morning. Typically, one or two sentences for each item below.
  • Reaching Our Inbox: Send news, tips and rumors to Managing Editor Jim Masters: [email protected].

Today’s MSSP, MSP, MDR, XDR and Cybersecurity Market News

1. Cybersecurity Scholarship Winners: In honor of this year's International Women's Day theme, "#EmbraceEquity," ESET has announced the winners of ESET North America's Eighth Annual Women in Cybersecurity Scholarship. Angelina Xu and Angel Yin- Hua Hsu from the United States and Jane Zeng and Zafina Mahmood from Canada have each been selected as the winners of the scholarship for their academic excellence and commitment to the field of cybersecurity, which they articulated in their entry essays.

2. Security Education Program: Springboard is partnering with Northern Illinois University to deliver online, self-paced, experiential learning bootcamps in cybersecurity, data analytics, software engineering and UI/UX design. These new offerings are open to the public and enable NIU’s Continuing and Professional Education Department to offer university-credentialed programs in high-demand fields.

3. New Partner Program: BAE Systems is launching Mission Advantage, a new technology partner program that facilitates collaboration between its Intelligence & Security sector and companies in the program to deliver cutting-edge technologies to accelerate mission readiness.

4. Leadership Move: MISI, an organization driving discovery, education, collaboration and scientific innovation in cybersecurity, has appointed Gregg Smith as its new CEO. As CEO, Smith will guide MISI through a new chapter of amassing industry and academic engagement, innovating more technology to address the evolving cyber threat landscape, and fostering a home base for collaboration across U.S. Cyber Command and U.S. government.

5. Funding Boost: Alcion, a data management startup, announced $8 million in seed funding from prominent angel investors and the public preview of its AI-driven Backup-as-a-Service (BaaS) platform. Alcion provides Microsoft 365 admins with a SaaS platform to protect against ransomware, malware, corruption and accidental data loss.

6. CISA Launches Survey: The Cybersecurity and Infrastructure Security Agency (CISA) has launched its SAFECOM Nationwide Survey (SNS). The SNS provides critical data on federal, state, local, tribal and territorial emergency communications capabilities and gaps. Results from the survey will impact the future of emergency communications at all levels of government. All law enforcement, 911, EMS, fire and emergency management agencies are encouraged to take the survey. The survey takes approximately 30 minutes to complete and is open through July 21, 2023.

7. Industry Recognition: Keyfactor, a provider identity-first security solutions for modern enterprises, has won the 2023 Fortress Cyber Security Awards in the Cryptography category. Organized by The Business Intelligence Group, the Fortress Cyber Security Awards recognize the world’s leading companies and products that are working to keep data and electronic assets safe among a growing threat from hackers.

8. AI for MSPs: Pax8, a cloud commerce marketplace provider, has added Vade, a specialist in AI-based cybersecurity, to its cloud marketplace. Vade's Microsoft 365 security solutions combine AI and human-powered detection and response, designed specifically for MSPs. This collaboration enables MSPs to offer a comprehensive suite of email security services to prevent advanced cyberattacks and improve email security for their customers.

9. U.S. Poised to Slash Cybersecurity Funding: An agreement reached by lawmakers over the weekend to suspend the United States’ debt ceiling would seek to rescind funds appropriated for IT at the General Services Administration, CISA and the Department of Justice, if it passes into law. Language included in the Fiscal Responsibility Act of 2023 would also claw back unobligated funds appropriated for the Office of the Chief Information officer at the Department of Justice. (Source: FEDSCOOP)

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Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.