Managed Security Services Provider (MSSP) News: 07 February 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 Wednesday, February 7, 2018:

18. Crypto Currencies Going to Zero?: That’s the prediction from Goldman Sachs. And it’s sort of ironic. Goldman Sachs itself almost went to zero a decade ago…

17. DDoS Attack: BusinessWire has suffered a multi-day DDoS attack

16. Multi-cloud Security: Palo Alto Networks has unveiled a multi-cloud strategy to product workloads on-premises and across public clouds like Amazon Web Services, Microsoft Azure and Google Cloud Platform. Among the key moves: Panorama network security management will be supported in all major clouds, offering centrally managed firewalls regardless of form factor or location, the company says.

15. Earnings: Fortinet’s revenue was $416.7 million in Q4 2017, up 15 percent compared to $362.8 million in the corresponding quarter of 2016. The results exceeded Wall Street’s revenue expectations by about $8 million, according to SeekingAlpha.

14. Cyber Insurance: Validus Specialty Underwriting Services has expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The solution will meet the cyber risk challenges faced by U.S. companies with revenue between $150 million and $2.5 billion, and offer comprehensive cyber insurance protection with risk mitigation and remediation services, Validus claims.

13. Ransomware Simulator: SureCloud has launched a ransomware simulator to help partners and customers train users in emergency situations. The software simulates real-world ransomware attacks by infecting a machine, then displaying a message demanding payment – without encrypting, accessing or damaging data. The infected user (i.e., employee), SureCloud says, is then monitored to see how they respond to the demand; do they attempt to pay or do they escalate it to the IT department? Hmmm…

12. Funding: SAM, a Tel Aviv, Israel-based home network cyber defense company, has raised $3.5 million in seed funding led by Blumberg Capital, FinSMEs reports.

11. Partnership – Cisco, IBM: IBM QRadar customers running Cisco Firepower Next-Generation Firewall can implement advanced threat detection with a new app from the IBM App Exchange: the QRadar App for Firepower, according to Security Intelligence.

Continue to page two for items 10 to 1. We promise: No slideshows await you.

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