Managed Security Services Provider (MSSP) Market News: 02 June 2022 -

Each business day, MSSP Alert delivers this quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.

The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), eXtended Detection and Response (XDR), threat hunters and MSP security providers — and those who need to partner with such companies.

Frequency and Format: Every business morning. Typically one or two sentences for each item below.

Reaching Our Inbox: Send news, tips and rumors to Editorial Director [email protected]. Thank you in advance for news tips.

A. Today’s MSSP, MDR, XDR and Cybersecurity Market News

1. Cybereason Layoffs: Details are here.

2. SentinelOne Quarterly Financial Results & Earnings: SentinelOne revenue was $78.3 million in Q1 of fiscal 2023, up 109% from $37.4 million in Q1 of fiscal 2022. However, the company had a net loss of $89.8 million -- larger than the $62.6 million net loss from the corresponding quarter last year. The figures generally beat Wall Street's expectations.

3. Open XDR: Foresite Cybersecurity is shifting direction from tech-enabled services to a product-led Open XDR SaaS platform. The ProVision Open XDR platform is scheduled to be released in Q3 2022. We don't know if this is home-grown technology or white labeled from another company.

4. Breach Attack Simulation: NetSPI has unveiled Breach and Attack Simulation (BAS) enhancements. The result: Organizations can continuously test their detective controls against real-world attack tactics, techniques, and procedures (TTPs), NetSPI said.

5. Elasticsearch Databases Stolen: Secureworks Control Threat Unit (CTU) describe how hackers apparently have stolen multiple Internet-facing Elasticsearch databases and replaced them with a ransomware note...

6. Salesforce Cloud Security: Perception Point has launched its Advanced Threat Protection for CRM Platforms on Salesforce AppExchange. Perception Point’s solution automatically scans all content uploaded to Salesforce in near real-time, thereby "enhancing Salesforce’s native security features by accurately detecting and intercepting malicious content without disrupting Salesforce usage or business operations," the company said.

7. Funding - Cloud Data Security: Laminar has raised an additional $30 million, nearly doubling its funding to $67 million in less than six months. The additional funding, with participation from Tiger Global Management and Salesforce Ventures, follows seed and initial Series A investments of $37 million in November 2021.

8. Sumo Logic Executive Leadership: The cloud-based SIEM and SOAR provider has named:

Zakir Ahmed, managing director of APAC and international market strategy

Steve Doyle, SVP of global sales strategy and operations

Timm Hoyt, SVP of global channels and alliances

Russell Rosa, SVP of America sales