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Managed Security Services Provider (MSSP) Market News: 15 December 2022

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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 Managing Editor Jim Masters: [email protected].

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

1. Cybersecurity Education: Baltimore Cyber Range has begun providing cybersecurity training to information technology personnel throughout Maryland state government. This initiative furthers Governor Larry Hogan's commitment to developing Maryland's internal ability to address cybersecurity threats.

2. MSSP Partnerships Expanded: Fortinet announced five new managed security service providers (MSSP) have adopted Fortinet Secure SD-WAN. B.Online, Cirion, ngena, PT&T, and Telefónica join a growing list of service providers utilizing Fortinet Secure SD-WAN as the foundation for new and differentiated connectivity services. (Source: Seeking Alpha)

3. Hacker Alert: QBot malware phishing campaigns have adopted a new distribution method using SVG files to perform HTML smuggling that locally creates a malicious installer for Windows. The attack is made through embedded SVG files containing JavaScript that reassemble a Base64 encoded QBot malware installer and is automatically downloaded through the target's browser. (Source: Bleeping Computer)

4. Countries Partner Over Cyber Defense: Israel, the United Arab Emirates, Bahrain and Morocco have held meetings to discuss setting up a common cyber defense platform amid heightened threats from Iranian hackers. (Source: I24 News)

4. New Cybersecurity Offering: Anomali, a security operations specialist, has debuted new capabilities to extend an organization’s visibility across their entire internal and external digital footprint with an integrated risk assessment that protects against potential attacks.

5. Cyber Insurance Product Launch: Safe Security Inc., a company focused on cyber risk quantification and management, has launched SafeInside Insurance. This is the first cybersecurity Managing General Agent (MGA) leveraging API-based cyber risk telemetry and quantified insights to underwrite cyber insurance, the company said.

6. Ransomware Report: Trend Micro has published a new report warning that the ransomware industry could be on the verge of a revolution that sees actors expand into other areas of cybercrime or partner with hostile governments and organized crime groups.

7. Public Sector Cybersecurity Research: Public sector organizations are more likely to struggle with leveraging data to detect and prevent threats than their private sector counterparts (63% to 49%), ultimately affecting their cybersecurity readiness, according to a survey commissioned by Splunk.

B. Annual In-Person MSSP and Cybersecurity Conferences

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.