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Managed Security Services Provider (MSSP) News: 10 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 Tuesday, April 10, 2018:

16. Facebook Privacy: Facebook CEO Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s misuse of its members’ data and to head off possible regulation, according to Reuters. Meanwhile, a coalition of US and EU consumer and privacy rights groups has urged Facebook to “confirm your company’s commitment to global compliance with the GDPR and provide specific details on how the company plans to implement these changes in your testimony before the US Congress this week,” according to TechCrunch.

15. Fake News & Cybersecurity: Fake news threatens U.K. businesses with reputational damage as well as falling sales and share prices, adding to the growing risk from cyberattacks facing companies from local Indian restaurants to multinationals, a National Cyber Security Centre report says.

14. Professional Services: InConsult, an advisory firm specializing in end-to-end risk management, governance, audit and business continuity services, has launched a suite of cyber risk management services.

13. Cyber Insurance: The Hartford has launched CyberChoice First Response, which provides such insurance options as:

  • Coverage for pre-claim expenses;
  • coverage related to a regulatory inquiry in addition to regulatory fines and defense, expenses incurred as a result of a regulatory proceeding;
  • recognition of internal expenses incurred in response to a breach;
  • 24/7 cyber incident hotline staffed in the U.S. to assist in the event of a cyberattack; and
  • available system failure and administrative error protection.

12. Partnership: IBM Resilient’s Incident Response Platform (IRP) and McAfee Data Exchange Layer (DXL) are now integrated. The result: IRP can query McAfee Threat Intelligence Exchange (TIE) as a threat reputation service. The Resilient IRP now natively connects to McAfee ePO for increased orchestration by speeding up response times and increasing the volume of threats that security teams can respond to with automation and intelligence sharing, the two companies claim.

 11. Threat Hunting: Infocyte has launched HUNT 3.0, a threat hunting platform that also addresses asset discovery and vulnerabilities.

10. Risk ManagementKenna Security has released Kenna Application Risk Module, which applies data science at scale to enable security and development teams to manage risk across their application portfolio.

9. Endpoint Detection and Response (EDR): Malwarebytes has launched Malwarebytes Endpoint Protection and Response. According to the company, the news software features:

  • Cloud-based single management console and a unified agent.
  • Continuous monitoring and visibility of endpoints
  • Multi-layered protection
  • Rapid identification and three modes of endpoint isolation
  • Complete remediation and ransomware rollback

8. macOS Security: Deep Instinct Version 2.2, an endpoint protection solution, has launched with multi-tenancy support for MSSPs, and deep learning security capabilities that protect Apple macOS systems.

7. Partner Program Part One: Cloud and data center security provider GuardiCore has bolstered its partner program. The program is designed for professional and managed security services providers.

6. Partner Program Part TwoZiften has launched a new channel partner program to enable resellers and distributors to deliver global endpoint and cloud security solutions to customers. Senior VP of Worldwide Channel Sales Greg McCreight is leading the effort.

5. Partnership: Tech Mahindra and Balbix have partnered to deliver an AI-powered predictive cyber risk platform.

4. M&A: Splunk has completed its buyout of Phantom, a $350 million deal that should boost SOC capabilities for customers and partners.

3. Appliances: Pulse Secure, a provider of Secure Access solutions to both enterprises and service providers, has launched new cloud and virtual appliances to protect access and support applications in hybrid IT environments.

2. Carbon Black Settlement, IPO: Carbon Black has agreed to pay $3.9 million in license fees to Finjan, settling patent infringement allegations brought by the latter in California federal court just over two weeks ago, according to Law360. The settlement comes just as Carbon Black ramps up for an IPO.

1. Funding – MSSP Alternative: Expel, which positions itself as an MSSP alternative, has raised $20 million in Series B funding led by Scale Venture Partners. Expel replaces alerts with answers using a new approach called transparent managed security, the company claims. We’ll share more details soon.

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