Blackpoint Cyber, a Maryland company that specializes in security operations and incident response, has announced a managed detection and response (MDR) service built on its Secure Network Analysis Platform (SNAP). The MDR service comes after Blackpoint in May 2018 secured $6 million in funding.
The Blackpoint MDR service leverages SNAP-Defense endpoint, core network mapping and traffic threat detection capabilities, according to a prepared statement. By doing so, the service helps organizations quickly identify and neutralize security breaches.
SNAP-Defense maps an organization's network and delivers alerts and data in real-time to routers, switches, devices and third-party application programming interfaces (APIs), Blackpoint stated. It provides visibility across an organization's connected devices and detects lateral movement to help an organization neutralize threats before they spread.
In addition, SNAP-Defense supports point-and-click integrations with third-party technologies from a variety of cybersecurity software companies, including:
SNAP-Defense allows MSSPs to provide threat hunting and response services to customers and remotely manage multiple customer IT infrastructure via one interface, according to Blackpoint. It also features a multi-tenant architecture that enables MSSPs to scale the offering across small and medium-sized businesses (SMBs).
Introducing SNAP-Defense 3.0
Blackpoint in January launched the SNAP-Defense 3.0 multi-tenant offering for MSSPs.
SNAP-Defense 3.0 enables MSSPs to identity threat behavior used in major network breaches and insider and outsider attacks, Blackpoint stated. It also delivers relevant threat information to an end user's desktop.
Blackpoint was founded by U.S. Department of Defense security experts and offers SNAP-Defense to help organizations safeguard their critical infrastructure against cyberattacks. Furthermore, Blackpoint looks poised to capitalize on the rising demand for MDR services in the years to come.
Global MDR market revenues are projected to grow from $419.7 million in 2017 to $1.7 billion by 2022, according to industry analyst MarketsandMarkets. Increases in enterprise cyberattacks, a shortage of cybersecurity practitioners and the need to comply with government data security mandates are among the factors that could drive the global MDR market's growth.