Cybersecurity daily news

MSSP Market News: Infinigate Cloud, NinjaOne, FlexPoint, Pax8

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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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Send news, tips and rumors to Managing Editor Jim Masters: [email protected].

Today’s MSSP Alert Market News:

1. MDR for MSPs: Infinigate Cloud has added MSSP Chorus’ SOC-as-a-Service, based on Microsoft Sentinel, to its portfolio of managed security services to support MSPs in protecting customer’s critical data and IT assets. This new partnership enables Infinigate Cloud’s MSPs to benefit from managed threat detection and response (MDR) and managed extended threat detection and response (MXDR) services to assist their customers in keeping protected from evolving threats, the company said.

2. Channel Partner Program Debuts: NinjaOne, an IT platform provider for endpoint management, security and visibility, has unveiled NinjaOne Now, NinjaOne’s global channel partner program, to drive growth for partners and success for customers. The program prioritizes partner advancement, equipping partners with IT and security solutions, the company said.

3. Partnership Benefits MSPs: FlexPoint, a provider of automated billing and payment solutions for MSPs, has formed a strategic partnership with Pax8, a cloud commerce marketplace. FlexPoint is designed to streamline billing operations, enhance cash flow and automate financial processes for MSPs. By joining the Pax8 Marketplace, FlexPoint aims to empower MSPs with the tools to improve their operational efficiency and client experience. This collaboration will officially launch FlexPoint’s comprehensive financial platform in the Pax8 Marketplace, the company said.

4. Cyber Sale: High Wire Networks, a managed cybersecurity provider, has sold its technology enablement services business to ServicePoint, a provider of technology infrastructure services, in an all-cash deal enabling the company to become a pure play MSSP. In addition, High Wire’s board of directors approved the holding for sale of the company’s VoIP and data network services subsidiary, Secure Voice Corporation (SVC). There is a tentative sales agreement in place for SVC, and the company looks to complete the sale before the end of the third quarter.

5. Identity Protection Release: Red Sift has brought to market DNS Guardian, a new feature in Red Sift OnDMARC that security teams can use to identify and stop domain takeovers that lead to impersonation and spam. After Red Sift began conducting its own research on the SubdoMailing campaign, first identified in February 2024, the company recognized an increasingly critical need to protect organizations from this emerging threat. Red Sift is the first to offer these comprehensive spam protection capabilities, the company said.

6. Cyber Skills Report Issued: Fortinet, a global cybersecurity, has released its 2024 Global Cybersecurity Skills Gap Report, which highlights ongoing challenges related to the cybersecurity skills shortage impacting organizations around the globe. An estimated 4 million professionals are needed to fill the growing cybersecurity workforce gap. At the same time, Fortinet found that 70% of organizations indicated that the cybersecurity skills shortage creates additional risks for their organizations.

7. Rapid Recovery Release: Socura, a UK-based cybersecurity managed SOC/MDR specialist, has launched its Rapid Recovery Service. The service is designed to be implemented in the event of a data breach, offering rapid and extensive support during the critical early phases of incident response and ongoing monitoring over the subsequent weeks, the company said.

8. Bank Reports Cyberattack: Evolve Bank and Trust confirmed on Wednesday it was the victim of a cybersecurity incident that involved customers' data being illegally released on the dark web. Cybercrime group Lockbit 3.0 posted data hacked from Evolve on Tuesday, according to a Bloomberg News, which also said the hackers had given the Fed until Tuesday afternoon to meet its ransom demands in exchange for not posting sensitive data from an alleged hack of the central bank. (Source: Reuters)

9. Hacker Alert: Threat actors are trying to exploit a critical authentication bypass flaw in Progress MOVEit Transfer. MOVEit Transfer is a managed file transfer (MFT) solution used in enterprise environments to securely transfer files between business partners and customers using the SFTP, SCP, and HTTP protocols. The new security issue received the identifier CVE-2024-5806 and allows attackers to bypass the authentication process in the Secure File Transfer Protocol (SFTP) module, which is responsible for file transfer operations over SSH. (Source: Bleeping Computer)

10. Firewall Ratings Released: (CyberRatings), a non-profit entity dedicated to providing confidence in cybersecurity products and services through its research and testing programs, has completed an independent test of eight market leading enterprise firewall vendors. Seven products were Recommended, and one received a Caution rating.

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.