Managed Security Services

Managed Security Services Provider (MSSP) Market News: 10 January 2024

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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. SEC Account Hacked: The hack of the U.S. Securities and Exchange Commission's (SEC) official X account on January 9 renewed concerns about the social media platform's security. The hackers posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, leading the cryptocurrency's price to spike and alarming observers. The false post on @SECGov said the securities regulator had approved exchange-traded funds to hold bitcoin. The SEC deleted the post about 30 minutes after it appeared. (Source: Reuters)

2. Industry Recognition: Check Point Software Technologies has received Frost Radar leadership awards for Cloud-Native Application Protection Platforms and Cloud Workload Protection Platforms, which showcase the company's commitment to providing prevention-first security solutions for cloud environments.

3. Threat Intelligence Release: Outpost24, a provider of cyber risk management and threat intelligence solutions, has announced the integration of credential threat intelligence into its external attack surface management solution. This new data integration accelerates customers’ ability to flag stolen credentials dramatically earlier to help mitigate the severity of attacks, the company said.

4. Leadership Moves: Pax8, a cloud commerce marketplace provider, has made two leadership appointments, naming Robert Belgrave as chief operating officer and Elizabeth (Libby) McIlhany as chief product officer. Belgrave will continue reporting to CEO John Street and McIlhany to Scott Chasin, chief technology officer.

5. Security Partnership: InQuest, a malware and threat intelligence specialist, has announced a new integration with ThreatConnect’s TI Ops Platform. With this integration, InQuest’s critical indicators of compromise (IOCs) are instantly accessible for downstream use by popular SIEMs, endpoint, network and cloud security tools.

6. Product Launch: Forescout has announced the availability of the Forescout eyeInspect integration with ServiceNow. With this integration, Forescout enables security teams to obtain real time operational technology and industrial control system asset information that helps reduce mean-time-to-detect (MTTD) and mean-time-to-respond (MTTR) to threats, the cybersecurity company said.

7. Funding Round: ExtraHop, a specialist in cloud-native network detection and response (NDR), has secured $100 million in growth capital from existing investors in a transaction that is expected to close in early 2024, subject to customary closing conditions, the company announced.

8. Cybersecurity Advisory Group Forms: Interpres Security has formed The Interpres Security Advisory Group (ISAG), brings together a seasoned group from the CIA, NSA, DISA, Sourcefire DOD, and other leading cybersecurity practices to address the growing need for the modern CISO and business leaders to shift the security mindset from risk-based modeling to threat-based modeling. 

9. Toronto Zoo Reports Ransomware Incident: The Toronto Zoo confirmed in a statement that it is dealing with a ransomware incident, which was first detected on January 5. The zoo said it launched an investigation to determine the extent of the impact on various records, including those of guests, members, and donors. (Source: Insurance Business Magazine)

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.