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Managed Security Services Provider (MSSP) News: 11 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 Wednesday, April 11, 2018:

7. Facebook Privacy: Facebook’s stock rose more than 4 percent yesterday during CEO Mark Zuckerberg’s testimony before Congress. Chatter about the U.S. potentially rolling out GDPR-like compliance mandates continues to grow louder, but investors — at least for the moment — apparently believe Facebook’s business model won’t take any major hits from potential regulations. Zuckerberg’s testimony will continue today. Plus, the U.S. Senate Commerce Committee plans to hold a future hearing on Cambridge Analytica and other companies that may have improperly obtained Facebook Inc user data, Reuters says.

6. Cyber Insurance Part One: CyberDot is offering small businesses a “streamlined” approach to comprehensive, affordable and personalized cyber insurance coverage, the company claims. CyberDot’s offering enables small businesses nationwide to find and purchase policies online and connect with a team of cyber insurance and security experts.

5. Cyber Insurance Part Two: Barbican Insurance Group has partnered with two cyber risk management specialists to help insured companies assess and improve their cyber resilience. The offering, called  Barbican Cyber “One-Step-Ahead” (OSA), addresses cyber reconnaissance, cyber phishing defense and cyber intrusion response. The offerings are value adds, available at no additional cost to Barbican’s insured customers, the company says.

4. Cyber Insurance Part Three: The Federal Financial Institutions Examination Council (FFIEC) offered this cyber insurance guidance to member organizations.

3. Partnership – Cyber Risk Mitigation: Aon and HP Inc. are partnering to offer business continuity and disaster recovery planning with IT security and cyber risk management services. We’ll share more details later today.

2. M&A – Endpoint Security: Palo Alto Networks is acquiring Israel-based Secdo, which specializes in endpoint detection and response. The technology will eventually surface in Palo Alto Networks Traps and the company’s Application Framework in order to “enhance their ability to rapidly detect and stop even the stealthiest attacks,” the company says. Financial terms were not disclosed.

1. Year of the MSSP?: Konica Minolta Sweden apparently will position itself as an MSSP while also rolling out a “Year of IT Security” initiative this month. Chatter about the effort comes from network security specialist Clavister, which is participating in Konica’s Year of IT Security efforts. Overall, Konica Minolta is better known in the more traditional MSP business — where the company’s All Covered arm supports SMB customers.

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