Managed Security Services Provider (MSSP) News: 28 September 2021

Each business day, MSSP Alert broadcasts a quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.

  • The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), Extended Detection and Response (XDR) and MSP security providers — and those who need to partner up with such companies.
  • Frequency and Format: Every business morning. Typically one or two sentences for each item below.
  • Reaching Our Inbox: Send news, tips and rumors to Joe@AfterNines.com.

A. Today’s MSSP, MDR, XDR and Cybersecurity News Alerts

1. M&A – Identity and Access Management (IAM): Ping Identity has acquired Singular Key, a provider of no-code identity and security orchestration. Singular Key provides a no-code method of creating workflows across multiple identity technologies and platforms, including identity verification, fraud, risk, access management, privileged access, and identity governance into a unified identity fabric.

2. Investment – Cyber Threat Intelligence: Private equity firm Thoma Bravo has completed a strategic investment in Intel 471, a provider of cyber threat intelligence for enterprises and governments.

3. Funding – Cyber Insurance: Coalition has raised $205 million from Durable Capital, T. Rowe Price Associates and Whale Rock Capital, with participation from the company’s existing investors, valuing Coalition at more than $3.5 billion.

4. Funding – Security Training: EQT has made a “significant investment” in EC-Council, which develops and provides proprietary cybersecurity training and certification programs for customers in more than 145 countries around the world, both directly and through more than 700 partners.

5. Funding – Cyber Insurance: Coalition has raised $205 million from Durable Capital, T. Rowe Price Associates and Whale Rock Capital, with participation from the company’s existing investors, valuing Coalition at more than $3.5 billion.

6. Zero Trust: Banyan Security has released Banyan Security Team Edition, a no-cost version of the company’s Zero Trust Remote Access platform.

7. DevSecOps for Financial Services: RFA, a specialist IT provider to the financial services industry, has launched a new Development Security Operations (DevSecOps) service for its clients. RFA also offers managed detection and response (MDR) and other cybersecurity services.

B. Cybersecurity Partnerships, Strategic Alliances and Integrations

1. Partnership – IoT Security: Armis and Gigamon are partnering to offer a joint solution that “enables organizations to reduce business risk and increase security through real-time and continuous protection for managed, unmanaged, and IoT devices,” the company says.

2. Partnership: BUI, an MSSP that claims to be Microsoft’s largest security and consulting partner in South Africa, has agreed to support ThreatConnect. BUI also is a Microsoft Azure Expert MSP.

3. Partnership: DTEX Systems and Splunk have partnered to promote a “zero-trust approach to insider risk intelligence, data loss prevention and security operations orchestration and response,” the companies say.

C. MSSP, MDR and Cybersecurity Virtual Events and Conference Calendar

  1. CMMC Con 2021 (September 29, virtual)
  2. Innovate 2021 Cybersecurity Summit (October 3-6, Scottsdale, Arizona)
  3. FireEye Cyber Defense Summit (October 4-8, Hybrid – virtual and in-person)
  4. Exabeam Spotlight21 (October 4-6, Hybrid, virtual and in-person)
  5. LogRhythm RhythmWorld Security Conference 2021 (October 12-14, virtual)
  6. BonusMSSP Alert’s complete event calendar
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