Cybersecurity daily news

MSSP Market News: SHI, Moot, Veeam, Microsoft

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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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Today’s MSSP Alert Market News:

1. Cybersecurity Acquisition Closes: SHI International, a global technology solutions provider, has acquired cybersecurity firm Moot Inc. Moot fortifies Stratascale, SHI’s cybersecurity and digital solutions company, by complementing the recent acquisition of Vector0 in September 2023. While Vector0 powers Stratascale's Attack Surface Control & Vulnerability Management as a Service capabilities, Moot’s orchestration platform automates the steps required to achieve a dramatic reduction of an organization’s attack surface, SHI said. This is technology M&A deal number 63 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. Security Partnership: Veeam Software, a specialist in data protection and ransomware recovery, has announced an extended, five-year strategic partnership with Microsoft to integrate Veeam’s product family and Microsoft Copilot and AI services. The companies will bring to market data protection for Microsoft 365 and Microsoft Azure with Veeam Data Cloud.

3. Hacker Alert: Microsoft said on March 8 that a Russian state-sponsored hacking group named Midnight Blizzard was again trying to breach its systems by using information it stole from its corporate emails in January. The disclosure shows that the hacking group analysts link to Russian intelligence is persistent and focused on penetrating Microsoft. (Source: Reuters)

4. Funding Round: Reach Security, a specialist in advanced AI security operations, has announced $20 million in funding. The Series A funding is led by Ballistic Venture, with participation from Artisanal Ventures and Mark McLaughlin, former CEO and president of Palo Alto Networks, and Denise Persson, chief marketing officer of Snowflake. Existing backers Webb Investment Network, Ridge Ventures and TechOperators also joined the round.

5. MSP Training Initiative: Breach Secure is offering its MSPs partners integrated Microsoft 365 productivity training as an expansion of its channel training platform. The training allows Breach Secure to help MSPs strengthen their core services and help clients maximize their M365 investment, the company said.

6. Security Partnership: Cohesity has become the inaugural partner in Wiz’s new cyber resilience integration category. This partnership empowers Cohesity and Wiz’s customers to prioritize protecting cloud workloads with critical risks while increasing their resilience in the face of potential attacks. Customers will have the reliability of a robust cyber recovery strategy, as breaches increasingly impact data stored in cloud environments, the companies said.

7. Contract Award: MSSP High Wire Networks, a global provider of managed cybersecurity and technology enablement, has been awarded an annual contract renewal to deliver technology managed services to a (unnamed) Fortune 500 national environmental solutions provider. The base contract is valued at $1.6 million with the potential for additional services and projects to be provided at additional cost, the company said.

8. Data Security Release: Senhasegura, a global provider of privileged access management (PAM) solutions, has expanded its 360Privileged Platform capabilities with the launch of Database Proxy. Database Proxy integrates Senhasegura’s PAM security controls to help database administrators manage data security, control and compliance and better protect against costly data breaches, the company said.

9. CISA's Cloud Security Advice: The Cybersecurity & Infrastructure Security Agency (CISA) and the National Security Agency (NSA) have released five joint Cybersecurity Information Sheets to provide organizations with recommended best practices and/or mitigations to improve the security of their cloud environment(s). CISA and NSA encourage all organizations to review the practices and implement the mitigations provided in the joint CSIs to help strengthen their cloud security.

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.