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Managed Security Services Provider (MSSP) News: 01 August 2019

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

  • The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR) and MSP security providers — and those who need to partner up 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 Joe@AfterNines.com.

Here’s the daily business update for Thursday, August 1, 2019.

A. Today’s MSSP Alerts

1. Black Hat 2019 Conference News: Track our live Black Hat USA 2019 conference news coverage here. We’ll update that link with news and analysis through the show’s conclusion on August 9.

2. Talent – MSSP and Executive Search Firm: CynergisTek’s recent hire of IBM Security veteran Caleb Barlow involved Benchmark Executive Search, the search firm has disclosed. CynergisTek is an MSSP focused on the healthcare vertical market.

3. Cyber Insurance – Professional Services: Chubb has launched ProERM — a cyber insurance offering for professional services firms. Pro ERM combines miscellaneous professional liability, media liability, cyber liability, and first-party cyber coverages with loss mitigation and incident response services in a single policy, the company says.

4. Research – SOC Productivity: Security personal in U.S. enterprises waste roughly 25 percent of their time facing false positives, according to new joint research from SIEM provider Exabeam and Ponemon Institute.

5. Research – Financial Services: Fully 50 percent of all unique organizations impacted by observed phishing domains were from the financial services sector, according to Akamai’s 2019 State of the Internet/Security Financial Services Attack Economy Report.

6. Funding – Risk Mitigation: Prevailion, a Columbia, Maryland-based cybersecurity startup focused on manage risk discovery, evaluation and mitigation, has raised $10 million in Series A funding. AllegisCyber led the funding round, with participation from previous investor DataTribe.

7. SOAR Plus Threat Detection and Response: LogicHub’s SOAR+ platform addresses such key areas as autonomous detection and response; advanced analytics; and machine learning to “automate decision making with extreme accuracy across historically disparate security operations,” the company claims.

8. Data Protection Plus Cybersecurity: Data protection specialist Cohesity has pushed into the security market with a new offering called Cohesity CyberScan. The application leverages backup data to assess the vulnerabilities, or risk posture, of an enterprise’s IT environment.

9. Breach Simulator: SafeBreach has launched the SafeBreach GRID – Global Risk Director, a  breach and attack simulation application that uses correlative analytics to identify security gaps and link them to their potential business impact, the company says.

10. Car Cybersecurity: Millions of new Internet-connected cars could be vulnerable to hackers and potentially lead to thousands of fatal crashes on roads across the United States, a new Kill Switch report alleges.

11. U.S. Government – Cyber Lapses?: The U.S. Department of Defense has purchased at least $32.8 million worth of various IT products that have known cybersecurity risks, Law 360 reports

B. MSSP Partner Programs and Strategic Alliances

1. Distribution – Security Operations Center (SOC) Platform: ThreatQuotient has confirmed partnerships with global distributors Ectacom, Nihon Cornet and StarLink.

2. Small Business MSSPs and Qualys: During the company’s earnings call yesterday, Qualys CEO Philippe Courtot said a new generation of MSSPs is emerging to support SMB customers.

3. Talent – Telecom & Cloud Security: Check Point Software Technologies has hired two key executives to drive Americas sales as well as telecom and cloud sales. We’re checking to see how the hires — involving Cylance and Optiv Security veteran Chris Scanlan and T-Mobile veteran Erez Yarkoni — will align their efforts with Frank Rauch, Check Point’s head of worldwide channels.

4. All Partner Programs: Search the comprehensive ChannelE2E Partner Program Database here. Also, submit your company information here and your partner program can be listed in the database.

C. Next Five Technology Conferences

  1. Black Hat USA 2019 (August 3-9, Las Vegas)
  2. EnergySec Security and Compliance Summit 2019 (August 19-21, Anaheim, California)
  3. GSX 2019: Global Security Exchange Conference (September 8-12, Chicago, Illinois)
  4. MSSP Accelerator – Sales and Marketing Summit (September 10-11, Cedar Rapids, Iowa)
  5. CISA Cybersecurity Summit 2019 (September 18-20, National Harbor, Maryland)
  6. Bonus: The complete MSSP Alert calendar

Email me your news, rumors and tips for potential coverage here on MSSP Alert.

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