Each business day, MSSP Alert delivers this quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.
Thank you in advance for news tips.
A. Today’s MSSP, MDR, XDR and Cybersecurity Market News
1. Partnership - Regulatory Compliance: Telos and IBM Security are partnering to help enterprises "operationalize and automate activities and solve challenges in cybersecurity compliance and regulatory risks."
2. Partnership - Cyber Insurance: EXL and CyberCube are jointly developing cyber insurance solutions for the property and casualty (P&C) insurance industry.
3. Research - Cyber Insurance: Small businesses have become bigger targets, overall incidents are down, and ransomware attacks are declining as demands go unpaid, according to the Coalition 2022 Mid-Year Cyber Claims Report update.
4. Research - Insider Threat Risks: Insider Threats are the most difficult attack to detect – the highest percentage across types, according to a Gurucul survey conducted at Black Hat USA.
5. Funding - Multi-Cloud Security: Fortanix has raised $90 million in Series C funding led by Goldman Sachs Asset Management with participation from GiantLeap Capital as well as the existing investors Foundation Capital, Intel Capital, Neotribe Ventures, and In-Q-Tel.
6. IoT Security Regulations : From laptops to fridges to mobile apps, smart devices connected to the Internet will have to assess their cybersecurity risks and fix them under draft European Union rules, Reuters reported.
