Managed Security Services Provider (MSSP) Market News: 07 September 2022

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

  • The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), eXtended Detection and Response (XDR), threat hunters and MSP security providers — and those who need to 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:

Thank you in advance for news tips.

A. Today’s MSSP, MDR, XDR and Cybersecurity Market News

1. MSSP and MDR Momentum: Cyderes, the MSSP and MDR provider formed through the merger of Herjavec Group and Fishtech Group, announced several growth milestones for the first half of 2022. The metrics included:

  • 63% growth in managed services, MDR and XDR revenues;
  • continued profitability, though actual profit figures; and
  • EBITDA results that exceeded target by over 100%.

Still, actual dollar figures for revenues, profits and EBITDA were not disclosed.

2. Partnership – SASE and SOC Services: Wipro and Palo Alto Networks are partnering to deliver managed security and network transformation solutions like SASE (Secure Access Service Edge), cloud security and next-generation SOC (Security Operations Center) solutions based on Zero Trust principles for global enterprises, the two companies said.

3. MSP Partner Program: Kaspersky’s United Partner Program now offers a revised rebate system, extended training courses and more rewards for managed service providers (MSPs), the cybersecurity company said.

3. Talent – Global Privacy and Cybersecurity Practice: Hunton Andrews Kurth has named Sarah Pearce as a partner in the firm’s London office.

4. Splunk Hires Former Zoom CISO: Splunk hired named Jason Lee as its chief information security officer (CISO), effective immediately.

5. Research – Security Awareness Training ROI: Here is the 2022 Global Cybersecurity Awareness Training Study from ThriveDX.

6. Los Angeles School District Ransomware Attack: The cyberattack that disabled computer systems across the Los Angeles Unified School District school was criminal in nature, but by September 6 most online services — including key emergency systems — were operating safely, The Los Angeles Times reported.

7. Supply Chain Cyberattack: Hackers that breached insurance provider Overby-Seawell Company wound up stealing personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank,  according to The Associated Press.

8. Samsung Breached: Samsung Electronics suffered a cybersecurity breach in late July 2022 that exposed personal information of some customers in the United States, Reuters reported.

B. MSSP, MDR and Cybersecurity Virtual Events and Conference Calendar

  1. LogRhythm RhythmWorld 2022 (September 13-15, Denver, Colorado)
  2. Fal.Con 2022: CrowdStrike Cybersecurity Conference (September 19-21, Las Vegas)
  3. Join UsMSSP Alert Live (September 19-21, Washington, D.C.)
  4. SentinelOne LABScon Security Research Conference 2022 (September 21-24, Phoenix, Arizona)
  5. InfoSec World 2022 (September 26-28, Orlando, Florida)
  6. BonusMSSP Alert’s complete event calendar

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