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Managed Security Services Provider Morning News: 30 October 2017

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 Monday, October 30, 2017:

6. Momentum: Cybersecurity provider Fortinet says revenue was $374.2 million for the third quarter of 2017, up 18 percent compared to $316.6 million in the corresponding quarter of 2016. CEO Ken Xie predicted cloud and IoT security needs will drive continued growth in the coming years.

5. IAM: Healthcare IT security firm Imprivata has acquired the identity and access management business of Caradigm, according to Biometric Update. Financial terms were not disclosed.

4. Equifax Board of Directors: Following one of the largest breaches in US history, Equifax has added Scott McGregor, the former CEO of Broadcom Corp., to the credit reporting agency's board of directors. McGregor is a cybersecurity expert. The Equifax breach impacted more than 140 million people. The company's CEO, CIO and CISO all retired after media coverage of the breach dominated headlines for several weeks.

3. Kaspersky Uninstalls: A Department of Homeland Security (DHS) official says the "vast majority" of federal agencies have met the first of three deadlines imposed by a September directive to eliminate Kaspersky Lab products from federal systems, according to Federal Computer Week. DHS alleges Kaspersky Lab may have ties to Russia's government. Kaspersky has denied the claims and will open up its software to third-party evaluations next year.

2. Cyber Reporting Tools: Kudelski Security, the cybersecurity division of the Kudelski Group, has launched CxO Performance Solutions (CPS) to help executive leaders and boardrooms measure the effectiveness of their cybersecurity efforts.

1. Ransomware Deadline?: A hacker group apparently has breached Basetools and is threatening to leak the company's database online if a $50,000 ransom isn't paid, according to International Business Times.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.