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Managed Security Services Provider (MSSP) Market News: 1 June 2023

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

  • The Content: Written for MSSPs and MSPs; threat hunters; security operations center as a service (SOCaaS), managed detection and response (MDR), and eXtended detection and response (XDR) providers — and those who partner 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 Managing Editor Jim Masters: [email protected].

Today’s MSSP, MSP, MDR, XDR and Cybersecurity Market News

1. Cybersecurity Partnership: Nozomi Networks and Cynalytica have partnered to provide a visibility, monitoring and threat detection solution that encompasses both TCP/IP-based and non-IP based serial bus and analog connections found in operational technology and Internet of Things (IoT) environments. The joint solution converges security monitoring across an unlimited number of facilities and systems to a central location, the companies said.

2. Funding Boost: Galvanick, a cybersecurity solution provider for protecting industrial infrastructure, has announced a $10 million seed round. Galvanick plans to use the capital to make additional core hires and expand use of its eXtended detection & response (XDR) platform.

3. European Cybersecurity Workforce Initiative: ISACA, a global professional association, is teaming with the European Commission to grow and empower the cybersecurity workforce in Europe. Accordingly, ISACA welcomes the establishment of the EU Cybersecurity Skills Academy as a key initiative launched in 2023, as part of the “European Year of Skills,” to increase the number of skilled cybersecurity professionals in the EU.

4. U.S. Army Cyber Defense Training: ECS has trained more than 1,000 U.S. Army cybersecurity analysts and professionals to use the Army Endpoint Security Solution (AESS) delivered by ECS. Critical to the Army’s mission to conduct cyber operations, ECS provides protection, asset management, threat intelligence and endpoint detection and response for up to 800,000 endpoints across the Army’s global infrastructure, making it one of the world’s largest endpoint security environments.

5. National Cyber Defense Authorization: CrowdStrike has been granted an Impact Level 5 (IL5) Provisional Authorization (PA) from the United States Department of Defense (DoD). A broad range of DoD unclassified National Security Systems (NSS) can now deploy the CrowdStrike Falcon platform to protect mission-critical data.

6. U.S. Probes Firing of Cybersecurity Official: A U.S. special counsel investigating former President Donald Trump and efforts to overturn his 2020 election loss are examining his firing of a cybersecurity official whose office said the vote was secure. Special Counsel Jack Smith, who is also probing Trump's handling of classified documents, has subpoenaed former Trump White House staff as well as interviewed Christopher Krebs, who oversaw the Cybersecurity & Infrastructure Security Agency (CISA) under Trump. Trump fired Krebs in November 2020, days after CISA issued a statement calling the Nov. 3, 2020, election "the most secure in American history." (Source: Reuters)

7. Hospital Cyberattack Reported: A hospital in Idaho has been diverting ambulances to other hospitals for more than 24 hours because of a cyberattack. The cyberattack took place on May 29, and has forced nurses and doctors at Idaho Falls Community Hospital to use pen and paper rather than computers for patient charts. (Source: CNN)

8. Cyberattack Halts High School Exams: Final exams for high schools in Greece were disrupted this week by "one of the most extensive cyberattacks in the country’s history," according to the country’s Education Ministry. The distributed denial-of-service attack targeted Greece’s online examination platform. (Source: The Record)

9. Malware Alert: A stealthy remote access trojan (RAT) named "SeroXen" has recently gained popularity as cybercriminals begin using it for its low detection rates and powerful capabilities. AT&T Alien Labs reports that the malware is sold under the guise of a legitimate remote access tool for Windows 11 and 10 for $15/month or a single "lifetime" license payment of $60. (Source: Bleeping Computer)

10. Cyber Training Partnership: FortMesa is providing critical support for the new CompTIA Cybersecurity Trustmark program. FortMesa’s Continurisk GRC (governance, risk and compliance) platform will be deployed to support the new trustmark program from CompTIA, a nonprofit association for the global technology industry and workforce. "MSPs will be able to measure the effectiveness of their evolving security program as they progress through the trustmark process,” said Wayne Selk, vice president of Cybersecurity Programs at CompTIA.

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Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.