Managed Security Services, Vulnerability Management, Ransomware, Threat Intelligence

MSSP Market News: Fortinet and Cisco Vulnerabilities

Each business day MSSP Alert delivers a quick lineup of news, analysis and chatter from across the MSSP, MSP and cybersecurity world.

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Today’s MSSP Alert Market News:

1. Vulnerabilities reported - Fortinet has released security updates to address critical remote code execution vulnerabilities in FortiOS (CVE-2024-21762, CVE-2024-23313). A cyber threat actor could exploit these vulnerabilities to take control of an affected system. In addition, Fortinet said that CVE-2024-21762 is potentially being exploited in the wild. CISA has added that one to its Known Exploited Vulnerability Catalog. 

2. Collaboration gateway vulnerabilities - Cisco has also released a security advisory to address vulnerabilities affecting its Cisco Expressway Series of collaboration gateways for unified communications. A cyber threat actor could exploit one of these vulnerabilities to take control of an affected system.

3. More organized cybercrime groups - The year 2023 saw a nearly 20% rise in the total number of cybercriminal groups, climbing from 55 threat groups in 2022 to 64 in 2023. This is one of the top findings in a new cyber threat intelligence report released today by NCC Group, a global cyber security and software escrow business. 

4. Authentication & Identity Scorecard - Javelin Strategy & Research, a leading provider of strategic insights for the digital financial world, today released its 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard. The Authentication and Identity-Proofing Vendor Solutions Scorecard evaluates and ranks 26 different authentication and identity-proofing vendors across product vitals, product features, and product administration.

5. Rapid7 financial results - The extended risk and threat detection company reported its Q4 and full year revenues, showing growth of 35% in annualized recurring revenues, and growing ARR per customer to $69.9. Adjusted EBITDA hit $47.8 million for Q4, growing from $24.7 from the same period the year before.

Jessica C. Davis

Jessica C. Davis has spent a career as a journalist and editor covering the business of technology including chips, software, the cloud, AI, and cybersecurity. She previously served as editor in chief of Channel Insider and later of MSP Mentor (now part of Channel Futures). She was a key editor in the original MSP 501 list. She now serves as editorial director for CyberRisk Alliance’s channel brands, MSSP Alert and ChannelE2E.