Cybersecurity daily news

MSSP Market News: WatchGuard, Kivu, Cofense

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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. Threat Detection Advancement: WatchGuard Technologies, a specialist in unified cybersecurity, has launched ThreatSync+ NDR and WatchGuard Compliance Reporting. ThreatSync+ NDR automates and simplifies continuous monitoring, detection and remediation of threats using an advanced AI detection engine. This open XDR solution delivers visibility into east/west and north/south network traffic that was previously only available to large enterprises with the resources to manage their own security operations center (SOC), the company said.

2. XDR Service Launches: Kivu Consulting, a cybersecurity solutions provider, has launched its CyberCertainty Managed Extended Detection and Response (XDR), the next generation of its managed security service. CyberCertainty Managed XDR enables agile protection, detection and blocking of cyberattacks across multiple attack paths. CyberCertainty Managed XDR is powered by CrowdStrike Falcon Next-Gen SIEM, which brings up to 150 times faster search performance than legacy SIEMs and solutions positioned as SIEM alternatives, the company said.

3. Email Phishing Release: Cofense, an email threat detection and response solutions company, has unveiled new enhancements to its PhishMe Employee Security Awareness Training (SAT) Platform. The latest addition, Employee Engagement Index, continuously monitors employee interactions with PhishMe simulations, providing real-time data that offers valuable insights into their readiness to combat phishing threats, the company said.

4. Cyber Vet Kevin Mandia Named General Partner: Ballistic Ventures, a venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, has named co-founder Kevin Mandia as general partner. In 2004, he founded cybersecurity firm Mandiant, serving as CEO from 2004 to 2013, when Mandiant Corporation was acquired by FireEye. Mandia took the helm as CEO of FireEye in 2016, guiding the company through a divestiture and corporate name change to Mandiant, Inc. in 2021, and through a successful acquisition by Google in 2022. Mandia recently transitioned to an advisory role within Google Cloud, and he continues to sit on the Google Public Sector board.

5. Quantum Security Innovation Unveiled: Lastwall, a cybersecurity solutions provider specializing in quantum resilient technologies, has launched Quantum Shield, which protects conventional network infrastructures with the latest quantum cryptographic standards. Leveraging a NIST pre-approved algorithm that integrates Post-Quantum Cryptography (PQC) into the Transport Layer Security (TLS) layer of network traffic, Quantum Shield can rapidly update with minimal configuration changes to accommodate newly approved algorithms as NIST standards evolve, Lastwall said.

6. Secure Browser Introduced: Keeper Security, a provider of zero trust and zero knowledge cybersecurity software, has brought to market Remote Browser Isolation, a new component of Keeper Connection Manager. Remote Browser Isolation provides users with secure access to web-based assets such as internal web applications and cloud applications using any standard web browser, the company said.

7. Industry Recognition: Atakama, a developer of cybersecurity solutions for MSPs and their clients, has successfully completed its Service Organization Control (SOC) 2 Type II audit. This certification demonstrates Atakama's adherence to SOC 2's stringent standards for security, availability and confidentiality, the company said.

8. Federal Reserve Suffers Cyberattack: Ransomware group Lockbit 3.0 has claimed responsibility for a cyberattack targeting the U.S. Federal Reserve. The declaration was made through a post on the Dark Web leak site associated with Lockbit. On June 23, 2024, Lockbit 3.0 announced that it had infiltrated the systems of the Federal Reserve, compromising 33 terabytes of sensitive banking information. The data reportedly includes confidential details of American banking activities, which, if verified, represents one of the most substantial breaches of financial data in history. (Source: Homeland Security Today)

9. Ransomware Protection Offer: Adlumin, a security operations command center provider, has brought to market Ransomware and Exfiltration Prevention. The capability quickly detects and stops attackers from exfiltrating data, disrupting these activities before they can escalate into a full-blown attack. Adlumin also launched a free tool that any organization can download to simulate data exfiltration associated with a ransomware attack and test the efficacy of their current defense.

10. CISA Releases Guidance on Open Source Projects: The Cybersecurity & Infrastructure Security Agency (CISA), in partnership with the Federal Bureau of Investigation, Australian Signals Directorate’s Australian Cyber Security Centre and Canadian Cyber Security Center, has released Exploring Memory Safety in Critical Open Source Projects. This guidance was crafted to provide organizations with findings on the scale of memory safety risk in selected open source software (OSS).

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.