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Managed Security Services Provider (MSSP) News: 25 October 2018

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 update for Thursday, October 25, 2018.

12. Facebook Fined: Facebook was fined $569,700 by the U.K.'s privacy watchdog for the Cambridge Analytica-related data leak. The sum is the maximum allowed under the U.K.'s old privacy law. The fine could have been about $1.6 billion -- about 4 percent of Facebook's annual revenue -- under the new GDPR law.

11. Federal Government Contracts: CrowdStrike's endpoint protection software is now approved for the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation Program(CDM).

10. Industrial Control Systems: Despite some progress, industrial control system (ICS) networks continue to be dangerously soft targets at a time when cyberattacks against them appear to be increasing, CyberX research reveals, according to DarkReading.

9. Embedded Security: Interset's insider threat security analytics technology is now embedded in seven of the industry's top enterprise security solutions, the company says. As an OEM, Interset is integrated into products for endpoint detection and response (EDR), identity and access management (IAM), data loss prevention (DLP), security information and event management (SIEM), managed security services (MSSP) and more.

8. SIEM - Exabeam vs. Splunk: Exabeam has named Charlie Howe as its new VP for EMEA, and claims to be winning more head-to-head deals against Splunk. Still, Splunk's own revenues are growing rapidly, so it's difficult to pinpoint if Exabeam is truly taking market share from the perceived SIEM industry leader.

7. SIEM & UEBA - Talent: Securonix, which specializes in security information and event management (SIEM) and user and entity behavior analytics (UEBA), has hired AlertLogic veteran Dave Colesante as COO.

6. Talent: NTT Communications has appointed Akira Sei as its senior manager of the Managed Security Service Taskforce and Corporate Planning.

5. Talent: Carbon Black has hired Accenture and IBM veteran Rob Dooley to leads Australia and New Zealand business expansion .

4. MDR - Azure Cloud: CI Security, a provider of managed detection and response (MDR) services, has released cloud monitoring capabilities for Azure customers. CI Security monitors native Azure event feeds and alerts as well as Office 365 event logs, the company says.

3. Office 365 Security Audit Tool: AppRiver is expanding its Microsoft CSP operations from the U.S. to more partners in Europe and the UK, the Florida-based company says. Among the key areas of focus: AppRiver has developed a proprietary Office 365 security audit tool, which helps channel partners to pinpoint and address customer issues, while driving associated recurring revenue opportunities. Chris Essex, senior VP of global sales and channel chief, is driving the global partner strategy.

2. Funding - Team8: Cybersecurity venture capital firm and startup studio Team8 has raised $85 million from a coalition of major corporate partners to develop eight security startups over the next five years, VentureBeat reports.

1. Funding - SOC as a Service: Arctic Wolf Networks has raised $45 million in series C funding, led by Future Fund with participation from a range of existing and new investors. The SOC-as-a-service provider ha raised $91.2 million to date. The company's partner strategy focuses heavily on MSPs and MSSPs. We'll share more details soon.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.