Managed Security Services

Managed Security Services Provider (MSSP) Market News: 20 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. Leadership Move: Cyberbit, a cybersecurity skill development platform provider, has appointed Caleb Barlow as CEO. Barlow is the former vice president of Threat IUntelligence at IBM Security and CEO of a publicly traded cybersecurity services company. Cyberbit’s former CEO, Adi Dar, who led the company since its foundation, will transition to the board of directors.

2. MSSP Partnership: Radware, a provider of cybersecurity and application delivery solutions, has signed a managed security service provider (MSSP) reseller agreement with Feenix Communications Limited, a multi-carrier telecommunications company providing solutions to the service provider industry. Feenix Communications will resell Radware’s application and network security solutions to its network integrator and internet service provider customers in New Zealand.

3. Data Breach: Schubert Jonckheer & Kolbe LLP is investigating a data breach impacting the sensitive personal and health information of 2.2 million patients of Michigan-based McLaren Health Care. According to the company, an unauthorized party gained access to McLaren's computer systems between July 28 and August 23, 2023. On October 3, the cybercriminal ransomware group known as Alphv/BlackCat claimed credit for the data breach and boasted that it had stolen more than 6 terabytes of data.

4. Cyber Security Hall of Fame Inducts 3: Tenable, an exposure management specialist, announced that its founders, Ron Gula, Jack Huffard and Renaud Deraison, were inducted into the Cyber Security Hall of Fame during an awards gala on November 16. The organization recognizes exceptional individuals who have demonstrated unparalleled achievements and made significant contributions to the cybersecurity industry. Accordingly, the honorees are trailblazers whose groundbreaking achievements have left an indelible mark on the industry and played pivotal roles in shaping or educating the way we safeguard data, systems and organizations against evolving cyber threats.

5. Leadership Move: Ridge Security, an automated security validation solution provider, has appointed Bret Hartman as its senior advisor. With over four decades of experience in the cybersecurity industry, Bret brings a wealth of knowledge and expertise to Ridge Security, reinforcing the company's commitment to innovation and excellence.

6. Ransomware Incident: The Rhysida ransomware gang has claimed responsibility for a cyberattack on the British Library in October, which has caused a major ongoing IT outage. Rhysida is auctioning off the data it reportedly stole from the United Kingdom's national library systems. The gang is accepting bids from interested parties over the next seven days. (Source: Bleeping Computer)

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.