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Managed Security Services Provider (MSSP) Market News: 03 May 2022

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Each business day, MSSP Alert broadcasts a 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. Talent - MDR: Deepwatch has hired Accenture veteran John Lionato as executive VP of security operations.

2. Talent - Cloud SOAR & SIEM: Sumo Logic has named Tej Redkar to the newly formed position of chief product officer and Sophie Kitson as chief human resources officer.

3. MSP Software - Cloud Data Protection: N-able has launched Cove Data Protection, a cloud-first data protection-as-a-service (DPaaS) solution.

4. Security Scanning: OccamSec has launched a combination platform that supports continuous penetration testing and vulnerability scanning.

5. Endpoint Security: Syxsense has unveiled Syxsense Enterprise, an IT management and endpoint security solution that "delivers real-time vulnerability monitoring and instant remediation for every endpoint across an organization’s entire network environment," the company said.

6. Application Security: nVisium has "expanded and enhanced its range of cloud security service offerings" to "encompass more in-depth cloud-native architecture analysis and code remediation services," the company said.

7. Qualys Partner Program: Qualys has launched an enhanced channel and integration partner program.

8. Apple Mac Device Security: 1Password for Mac is now available.

9. Threat Detection as Code: SOC Prime has released Detection as Code On-Demand, a subscription model that will allow users to "more quickly and cost-effectively access relevant detection-as-code content from the SOC Prime Platform," the company said.

10. Cybersecurity & Executive Protection Services: BlackCloak has launched its North America Partner Program. The program allows channel partners and MSPs to provide a SaaS-based cybersecurity and privacy solution that "protects the digital lives -- the online privacy, personal devices, and home networks -- of corporate executives, Board Members, and key company personnel," the company said.

11. Alleged China-Connected Hackers: SentinelLabs researchers are tracking the activity of a Chinese-aligned cyberespionage threat actor operating in Central-Asia, dubbed Moshen Dragon, the security company said.

12. Ransomware Attack: Kellogg Community College has canceled classes indefinitely following a ransomware attack discovered over the weekend, the Detroit Free Press reported.

B. Cybersecurity Funding

Startups to line up funding include...

1. Identity and Access Management: Teleport has raised $110 million in Series C funding led by Bessemer Venture Partners with participation from Insight Partners and existing investors Kleiner Perkins and S28 Capital.

2. API Security: Traceable AI has raised $60 million in Series B funding led by Institutional Venture Partners (IVP), and other investors include Tiger Global Management and existing investors Unusual Ventures and BIG Labs.

3. Automated Application Security Testing: ShiftLeft has raised $29 million in funding from cybersecurity-focused investor SYN Ventures and Blackstone Innovations Investments with participation from existing investors.

C. MSSP, MDR and Cybersecurity Virtual Events and Conference Calendar

  1. Fortinet Accelerate 2022 (May 10-13, Virtual)
  2. Black Hat Asia 2022 (May 10-13, Singapore)
  3. Microsoft Security Summit 2022 (May 12, Virtual)
  4. ForgeRock IDLive 2022 (May 23-25, Austin, Texas)
  5. Join UsMSSP Alert Live (September 19-21, Washington, D.C.)
  6. BonusMSSP Alert’s complete event calendar
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.