MSSP News Alert: Tuesday 18 April 2017

Each morning MSSP Alert broadcasts a quick lineup of news, analysis and chatter from across the global MSSP (managed security services provider) ecosystem.

Here’s the lineup for Tuesday, April 18, 2017:

4. Cyber Insurance: Manufacturers paid $36.9 million in premiums for cyber-specific policies in 2016, according to Advisen Ltd., an insurance consulting firm, based on its sample of over 9,000 mostly U.S. companies, The Wall Street Journal reported. That is up 89% from the year before. Manufacturers accounted for 12.6% premiums tracked in 2016 compared with 9% the year before, the Journal reported. What's behind the trend? Factories are increasingly computerized, automated and digitally integrated with other parts of a company and keeping those networks secure is critical, the Journal said.

3. Cyber Security and Boardrooms: Tom Ridge, the former Homeland Security secretary and Pennsylvania governor, says the majority of corporate boards and CEOs are unprepared for the challenges posed by rising cyber risk, according to The Wall Street Journal. In fact, 59% of directors report that their boards find it challenging to oversee cyber risk, and only 19% report that their boards possess a high level of knowledge about cybersecurity, The Journal report mentioned.

2. Ingram and Symantec: Ingram Micro has expanded its relationship with Symantec, and is now authorized to sell and support Symantec's entire cyber defense portfolio. The news surfaced ahead of Ingram Micro Cloud Summit 2017, which starts tomorrow in Phoenix, Ariz.

1. Countdown to Launch: Yup. We wrote this blog on Tuesday, April 18 — quite a bit before MSSP Alert’s anticipated launch day in mid-2017.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.