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Managed Security Services Provider (MSSP) News: 06 April 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 lineup for Friday, April 6, 2018:

13. Facebook Privacy Update: Recent comments from Facebook CEO Mark Zuckerberg have helped to stabilize Facebook’s stock, but privacy concerns continue to swirl around the social media company. Canada and Indonesia are the latest countries to launch investigations into the company’s apparent privacy missteps. And the European Union says Facebook improperly shared data from 2.7 million Europeans. Back in the United States, Zuckerberg is expected to testify before Congress next week…

12. Atlanta Ransomware Attack Update: Atlanta took down its water department website indefinitely on Thursday, two weeks after a ransomware cyberattack tore through the city’s computer systems in one of the most disruptive hacks ever to strike a U.S. local government, Reuters notes.

11. Talent: Netwrix, which develops a visibility platform for data security and risk mitigation has named Steve Dickson as CEO. He succeeds co-founders Michael Fimin and Alex Vovk, who will transition into advisory roles. Dickson previously held key roles at Dell and Quest Software.

10. Financial Services: Agio is launching Agio SkySuite, a hosted public cloud productivity and cybersecurity suite tailored for small and emerging alternative investment firms…

9. M&A – SIEM: RSA is acquiring Fortscale, which specializes in embedded behavioral analytics. Fortscale will become part of the RSA NetWitness Platform, which is a user and entity behavioral analytics (UEBA) offering. The deal will also bolster RSA’s SIEM and threat defense initiatives, the companies said.

8. Momentum – SIEM: Exabeam says billings grew 205 percent in Q1 of 2018 compared to Q1 of 2017. Exabeam SIP is currently monitoring over four million employees worldwide, and 89 percent of Exabeam customers have purchased multiple products, the company says. Moreover, Exabeam’s channel bookings grew more than 150 percent percent in Q1 of 2018 vs. the corresponding quarter last year. The company did not disclose actual revenue figures or profit data.

7. Certification: CompTIA has unveiled a new version of its Advanced Security Practitioner credential.  The new certification exam (CAS-003) addresses the competencies and skills required of cybersecurity professionals responsible for implementing advanced enterprise security solutions for their organizations, CompTIA says.

6. Momentum: Shares in Sophos surged on Thursday morning after the cybersecurity firm announced “another year of strong growth.” The company’s stock had dipped a few months ago after financial analysts expressed concerns about the bookings. Fast forward to present day, and those booking concerns have disappeared.

5. Security Operations Centers: Arctic Wolf Networks has achieved the Service Organization Control (SOC) 2 compliance certification. The attestation standard, defined by the Association of International Certified Professional Accountants, reinforces the SOC provider’s commitment to security best practices, Arctic Wolf says.

4. Research – Best Practices: Concerted efforts to increase job satisfaction, automation in the Security Operations Center (SOC) and gamification in the workplace are key to beating cybercriminals at their own game, according to a new McAfee research report.

3. Research – Global Breaches: Trustwave, a Top 100 MSSP for 2017, has released its latest Global Security Report. Among the takeaways: Although slightly down from the previous year, North America still leads in data breaches investigated by Trustwave at 43% followed by the Asia Pacific region at 30%, Europe, Middle East and Africa (EMEA) at 23% and Latin America at 4%. The retail sector suffered the most breach incidences at 16.7% followed by the finance and insurance industry at 13.1% and hospitality at 11.9%. Those figures and more surfaced in the latest Trustwave Global Security Report. We’ll share more details soon.

2. Research – Patch Automation: Instead of racing to hire more security pros, MSSPs and security teams should first focus on proper software patch processes, according to new research from ServiceNow and Ponemon Institute. We’ll share more details soon.

1.  Top 100 MSSPs Survey: Our Top 100 MSSPs Survey for 2018 is now open. Participate now and your company could be recognized and ranked among the world’s top MSSPs when we unveil research, results and the complete list in September.

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