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Managed Security Services Provider (MSSP) News: 30 May 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, May 30, 2018.

12. Single Sign On: Only 25 percent of organizations use SSO solutions to authenticate users who access cloud services, new Bitglass research reveals.

11. Sentenced: Karim Baratov, a Canadian man accused of helping Russian intelligence agents break into email accounts as part of a massive 2014 data breach at Yahoo was sentenced to five years in prison on Tuesday and ordered to pay a $250,000 fine, Reuters says.

10. Hack Lawsuit: O’Neill Bragg & Staffin, a law firm in Pennsylvania, has filed a lawsuit in federal court in Philadelphia against Bank of America, claiming the bank was responsible for the damage done after hackers used deceptive emails to dupe a member of the firm into transferring more than a $500,000 to the Bank of China, The Legal Intelligence reports.

9. Funding – Security: Blackpoint, a cybersecurity company offering patented lateral spread detection and network visualization technologies, has raised $6 million in funding.

8. Banking Trojan: The IBM X-Force Research team has discovered MnuBot, a form of malware that has command and control server capabilities, SecurityIntelligence reports.

7. Industrial Control Systems: FoxGuard Solutions has launched its Sentrigard Security Platform, which is designed to protect industrial control systems.

6. Penetration Testing & GDPR: Pcysys, which develops a machine-based penetration testing platform, claims its new version 1.5 release addresses GDPR (General Data Protection Regulation) requirements.

5. Self-Service Security Testing: DOSarrest Internet Security has introduced a Cyber Attack Readiness Certificate program. The company has a globally distributed botnet and a self-service portal that allows customers to launch large volumetric attacks, plus approximately 25 different sophisticated attacks against their own infrastructure. The offering is merely a managed service extension for DOSarrest’s Cyber Attack Preparation Platform (CAPP), the company says.

4. M&A: FireMon, the network security policy management specialist, is acquiring Lumeta Corp., to acquire “cyber situational awareness” expertise. Customers will gain “complete real-time visibility into the extended network and across all connected endpoints,” the companies assert.

3. Earnings: VirtualArmour International, a cybersecurity managed services provider, says Q1 revenues were $3.3 million. Managed and professional services grew nearly 150 percent to $1.1 million.

2. Entry-level Services: Fortinet has added metered, consumption-based licensing and an entry-level tier to its MSSP program to make it easier for product-centric VARs to establish managed security services, CRN Australia notes.

1. Global Expansion: Proficio, a Top 100 MSSP, has extended its cybersecurity, managed detection and response (MDR) services into Melbourne, Australia.

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