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Managed Security Services Provider (MSSP) Market News: 9 August 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: Exabeam and Cribl have formed a new strategic partnership that enables new-scale SIEM to more quickly and securely ingest data for enterprises and accelerate deployment. "This new partnership will lighten the load for many of our customers by enhancing data ingestion, lowering storage costs, and speeding up time to value,” said Matt Bauer, Cribl senior vice president of Global Sales.

2. Global Pentesting Program Launches: Appdome, a specialist in mobile app defense, has launched of its new Mobile App Defense Project, a community program aimed at improving mobile DevSecOps through collaboration with more than 50 renowned mobile app penetration testers around the world. This initiative aims to foster a more secure mobile app economy, raise the bar on mobile app defense and provide rapid, validated, continuous cyber and anti-fraud solutions for all mobile applications globally.

3. Product Launch: RedSeal, a specialist in cyberattack path management, has announced its support for third-party next-generation firewalls deployed in AWS, Azure and other clouds. With this capability, RedSeal continues its mission to enable enterprises to comprehensively understand all attack paths to critical data and applications and reinforce their defenses against evolving cyber threats, the company said.

4. Funding Boost: Sweet Security has announced $12 million in seed funding and the launch of its Cloud Runtime Security Suite. The round was led by Glilot Capital Partners with participation from CyberArk Ventures and angel investors, including Gerhard Eschelbeck, former CISO at Google and Travis McPeak, who led product security at Databricks.

5. School Cybersecurity Initiative: The White House has unveiled a multipronged plan to help bolster K-12 schools' cybersecurity as ransomware continues to pummel their systems. The new plan pulls in resources from the public and private sectors to make it easier for schools to access better cybersecurity tools. (Source: Axios)

6. U.K. Elections Cyberattack: The U.K.'s elections watchdog has revealed it has been the victim of a "complex cyberattack" potentially affecting millions of voters. The Electoral Commission said unspecified "hostile actors" had managed to gain access to copies of the electoral registers since August 2021. Hackers also broke into its emails and "control systems" but the attack was not discovered until October last year. (Source: BBC News)

7. Product Launch: BlackBerry announced at Black Hat this week in Las Vegas, Nevada a major update to its patented Cylance AI engine, "marking a significant leap forward in predicting cyberattacks for proactive cyber defense." Rolled out automatically to all BlackBerry customers currently using CylanceENDPOINT, CylanceEDGE and CylanceGUARD, the new engine builds upon previous iterations that stop attacks 12 times faster and with 20 times less resources than other cybersecurity solutions, BlackBerry said.

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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.