Cisco intends to acquire SnapAttack, a threat detection and engineering platform company that has its headquarters in Arlington, Virginia.
Cisco said that SnapAttack’s technology and expertise will help its other acquisition, Splunk, further accelerate its organic threat detection content and engineering roadmap. SnapAttack’s solution gives security analysts the ability to continuously assess, organize, and optimize their security content, Cisco said in a statement.
SnapAttack has 26 employees, according to LinkedIn.
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Today’s MSSP Update
1. How does your cybersecurity services pricing stack up? - MSSP Alert is proud to release its first Pricing Benchmark Report for MSSPs. We hope you find the insights within both informative and actionable as you evaluate and refine your own pricing strategies. You can download the report here.
2. New funding round - SandBoxAQhas raised $300 million in new funding commitments, raising its valuation to $5.3 billion. The new funding will go to accelerating application development and adoption of the company’s large quantitative models and AI solutions, including in areas such as cybersecurity.
3. The tricky parts of AI and data – When your client’s data is used to train an AI model, does that become part of your intellectual property or does that IP belong to the client? When your engagement with the client ends, do you delete models that were trained with their data? These are all important governance questions that will arise as AI engagements mature. Check out this LinkedIn post on the topic.
4. Salt Typhoon targets top U.S. carriers - AT&T and Verizon’s systems were targeted by the Chinese-linked Salt Typhoon cyberespionage operation, but the carriers’ networks are now secure, according to a Reuters report. The companies are working with law enforcement and government officials, according to the report.
5. Cybersecurity insurance market outlook – The cybersecurity insurance market is forecast to reach $14.54 billion in 2023, with a projected compound annual growth rate (CAGR) of 11.74% from 2023 to 2033, according to a report by Evolve Business Intelligence.
