Managed Security Services

Managed Security Services Provider (MSSP) Market News: 2 November 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. Security Partnership: SecureAuth, an access management and authentication specialist, has announced its expanded technology partnership with BeyondTrust, an intelligent identity and access security company. This strategic alliance takes the form of a deeper integration with Arculix, SecureAuth’s passwordless authentication solution, with BeyondTrust Privileged Remote Access for SAML, Linux and Unix and BeyondTrust Password Safe.

2. Funding Round: Xage Security has raised $20 million in funding, bringing total funding to $80 million. Existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners and Chevron Technology Ventures, as well as new investor Science Applications International Corporation, participated in the round. SAIC and Xage also announced today a strategic collaboration — Xage Security and SAIC to Accelerate Zero Trust Adoption in Critical Infrastructure — to deliver zero trust security solutions to critical infrastructure and distributed operations.

3. Product Launch: Abnormal Security, an AI-native cloud email security platform provider, has announced enhanced capabilities to detect QR codes in emails and parse their corresponding links. The signals extracted from parsing the QR codes, combined with Abnormal’s behavioral analysis across the broader email environment, strengthens the platform’s ability to detect and block malicious activity, the company said.

4. Product Launch: Windstream Enterprise, an IT managed services provider, announced that its secure access service edge (SASE) and security service edge (SSE) solutions, powered by Cato Networks, are available for U.S.-based companies that operate internationally. Through these solutions, customers with a worldwide footprint gain access to a single, integrated network security infrastructure to protect their data, resources and employees domestically and overseas, the company said.

5. Security Partnership: Appdome, a mobile app defense specialist, has integrated its Cyber Defense Automation Platform with the CI/CD cloud-based service from JetBrains TeamCity, allowing teams to automate the build, test and deployment of their mobile applications. JetBrains TeamCity is now part of the Appdome Dev2Cyber Agility Partner Initiative to advance the delivery of secure mobile apps globally.

6. Cybersecurity Education Initiative: Linux Foundation Training & Certification, ISC2 and Open Source Security Foundation have formed a new collaboration to empower the open source cybersecurity community through secure software development, knowledge sharing, education, certification and more. Together, the three organizations will lead the way to secure software development and lifecycle management for open source code.

7. Channel Partner Program Launches: Sevco Security, a cloud-native CAASM platform provider, has launched the Sevco Channel Partner Program, including an incentive-based program to reward channel partner representatives for driving new deals and evaluations with Sevco.

8. AI Security Initiative: The United States will launch an AI safety institute to evaluate known and emerging risks of so-called "frontier" artificial intelligence models, U.S. Secretary of Commerce Gina Raimondo said on November 1. Raimondo said she would also commit to the U.S. institute establishing a formal partnership with the United Kingdom Safety Institute. The new effort will be under the National Institute of Standards and Technology (NIST) and lead the U.S. government’s efforts on AI safety, especially for reviewing advanced AI models. (Source: Reuters)

9. Boeing Reports Ransomware Threat: Boeing said on November 1 that it was investigating a cyber incident that impacted elements of its parts and distribution business. Boeing acknowledged the incident days after the Lockbit cybercrime gang said it had stolen "a tremendous amount" of sensitive data from the U.S. aerospace company that it would dump online if Boeing didn't pay ransom by November 2.

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.