Each business day MSSP Alert delivers a quick lineup of news, analysis, and chatter from across the MSSP, MSP and cybersecurity world. Today's market news also covers CrowdStrike, Votiro, Sevco Security, VulnCheck, SentinelOne, Ballistic Ventures, Securonix, Binary Defense, Zscaler and CISA.
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Today’s MSSP Alert Market News:
1. Cado Security Advances SOC Team Investigations: Cado Security, a cloud forensics and incident response provider, announced that the Cado platform now enables customers to dramatically streamline the effectiveness of their security operations center (SOC) using end-to-end workflow investigation automation capabilities. Through the infusion of AI-guided investigations and data-rich insights, Cado Security is arming SOC teams with the capability to accelerate triage efforts, investigate incidents and respond to make the most informed decision possible, the company said.
2. Shareholders Sue CrowdStrike: CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed on Tuesday in Austin, Texas, shareholders said they learned that CrowdStrike's assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world. (Source: Reuters)
3. Votiro Builds Data Security Defense: Votiro, a zero trust data detection and response (DDR) specialist, has announced an expansion of privacy toolsets and integrations within its DDR platform. New features include the ability to mask privacy data within documents in real-time, continuous monitoring and reporting on where unstructured data travels throughout an organization, alerts around potential compliance violations, and expanded integrations with key technology partners.
4. Sevco, VulnCheck Form Threat Intelligence Partnership: Sevco Security, an asset intelligence platform provider, and VulnCheck, an exploit intelligence company, have announced a strategic partnership. In conjunction with the partnership, Sevco launched significant enhancements to its vulnerability prioritization and exposure management capabilities by integrating VulnCheck’s exploit and vulnerability intelligence with the Sevco platform. The companies will demonstrate their integration at Black Hat USA August 7-8 in Las Vegas.
5. SentinelOne Names New CISO: SentinelOne, an AI-powered security company, has named Alex Stamos as its chief information security officer (CISO). Stamos, the former chief security officer of Meta and CISO at Yahoo!, will oversee the company’s security engineering and operations teams. His primary focus will be on developing and delivering secure-by-design systems that enterprises can trust to keep them safe, the company said.
6. Ballistic Ventures Hires Retired General: Ballistic Ventures, a venture capital firm dedicated to funding and incubating entrepreneurs and innovations in cybersecurity, announced that U.S. Army General Paul Nakasone (Retired) has joined the firm as a strategic advisor. Gen. Nakasone previously served as commander of U.S. Cyber Command, director of the National Security Agency (NSA), and chief of the Central Security Service. In his advisory role, he will draw on his extensive cybersecurity leadership to assess the firm’s investments and offer strategic support to portfolio companies.
7. Securonix Reinforces SIEM Solution: Securonix, a Security Information and Event Management (SIEM) specialist, has brought to market two new capabilities within the Securonix EON suite of AI-reinforced capabilities: Cyber Data Fabric and Noise Canceling SIEM. These innovations bolster Securonix's Unified Defense SIEM solution, empowering CyberOps teams to better respond to and counter the rise in sophisticated cyberattacks, the company said.
8. Binary Defense Bolsters MDR Offering: Binary Defense, a managed detection and response (MDR) provider, has released MDR Plus. Binary Defense describes MDR Plus as "the industry’s most sophisticated managed security solution for companies looking to bolster their security program and increase technology diversification." The company will be showcasing MDR Plus at Black Hat in Las Vegas next week.
9. Zscaler Uncovers Record Ransomware Payment: Zscaler, a cloud security provider, has published its Zscaler ThreatLabz 2024 Ransomware Report, which analyzed the ransomware threat landscape from April 2023 through April 2024. Findings in the report uncovered an 18% overall increase in ransomware attacks year-over-year, as well as a record-breaking ransom payment of US$75 million — nearly double the highest publicly known ransomware payout — to the Dark Angels ransomware group.
10. CISA Names AI Chief: The Cybersecurity and Infrastructure Security Agency (CISA) has hired Lisa Einstein as its first chief artificial intelligence officer. Einstein has led CISA’s AI efforts since 2023 as CISA’s senior advisor for AI. Since 2022, Einstein also served as the executive director of the CISA Cybersecurity Advisory Committee.
