Managed Security Services

Managed Security Services Provider (MSSP) Market News: 4 January 2024

(Getty Images)

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. Mimecast Buys Elevate Security: Mimecast, an advanced email and collaboration security company, has announced its acquisition of Elevate Security, a provider of human risk-focused cybersecurity solutions. The acquisition strengthens Mimecast’s offerings by providing proactive insights and deeper visibility into human behaviors and risk, helping customers better protect the digital workplace, the companies said. Financial terms of the deal were not disclosed. The acquisition is M&A deal No. 7 that MSSP Alert and sister site ChannelE2E have covered so far in 2024. See more than 2,000 technology M&A deals for 2023, 2022, 2021 and 2020 listed here.

2. Homeland Security Adds Cryptographic Partner: InfoSec Global Federal, a specialist in cryptographic vulnerability management, announced that the U.S. Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Program has added the company to its Approved Product List (APL). InfoSec Global Federal's AgileSec Analytics product helps U.S. federal agencies defend against the exploitation of cryptographic vulnerabilities. The inclusion of AgileSec Analytics to the APL strengthens national cybersecurity by protecting government agencies' most sensitive secrets and data from sophisticated attacks and breaches, the company said.

3. Leadership Move: NuHarbor Security, a managed security provider (MSP), announced that it has named Mark Fleeman as president. Fleeman joined NuHarbor in April 2023 to lead the company’s growing investment in marketing, sales and client success initiatives. As president, he will lead all business operations and ensure smooth execution across all departments, the company said.

4. Funding Round: DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced a $2 million seed investment in Vigilant Ops, an automation platform provider for the generation, maintenance and authenticated sharing of certified software bill of materials (SBOM). Vigilant Ops will use the funding to expand the capabilities of its InSight platform across multiple critical infrastructure industries and will continue to build a complete inventory of software components recognized by legislation and regulatory requirements, DataTribe said.

5. CISA Opens President's Cup Competition: The Cybersecurity & Infrastructure Security Agency (CISA) has opened the President's Cup Cybersecurity Competition, a national cyber competition aiming to identify, recognize and reward the best cybersecurity talent in the federal executive workforce. Hosting challenges from across the National Initiative for Cybersecurity Education (NICE) Cybersecurity Framework, competitors will face a diverse array of challenges and will require an extensive skill set to succeed.

6. Eviden Named Olympic Games Official Cybersecurity Partner: The Paris 2024 Olympic Games Organizing Committee announced that Eviden is the exclusive Official Cybersecurity Services and Operations supplier for the event. To digitally secure both the Olympic and the Paralympic Games, Eviden will provide cybersecurity products and solutions and manage cybersecurity planning, preparation and cybersecurity operations.

7. ZeroFox Inks Government Deal: ZeroFox announced that it has received $289 million in awards from the U.S. Office of Personnel Management (OPM) for the continued provision of digital identity protection services to the 22.1 million individuals impacted by previous security incidents. ZeroFox received a $41.3 million extension to its current service through June 2024, along with a new award for $247.9 million to extend the company’s eight-year partnership with the agency through September 30, 2028. The partnership originated in 2015 between OPM and Identity Theft Guard Solutions, Inc. (IDX). ZeroFox acquired IDX in August 2022.

8. Ransomware Attack on Museum Software Supplier: Museum software solutions provider Gallery Systems disclosed that its ongoing IT outages were caused by a ransomware attack last week. Notable users include the New York's Museum of Modern Art (MoMA), the Metropolitan Museum of Art (Met), the Chrysler Museum of Art, the Museum of Pop Culture (MoPOP) in Seattle, the Barnes Foundation, the Crystal Bridges Museum of American Art and the San Francisco Museum of Modern Art (SFMOMA). Gallery Systems said it suffered a ransomware attack on December 28, causing the company to take systems offline to prevent further devices from being encrypted. (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.