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 Garrison Technology, Abstract Security, ZEST Security, SonicWall, Secureworks, Kaseya, Craxel, XM Cyber and iVerify.
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Today’s MSSP Alert Market News:
1. Security On-Demand Release: Coalfire, a cybersecurity services and solutions company, has unveiled its Cyber Security On-Demand portfolio to provide a flexible set of services that reduce cyber risks and remediate security vulnerabilities in customer environments. The Cyber Security On-Demand portfolio offers customers a scalable path to advance their security goals with one contract that reduces procurement cycles while providing predictable spending for testing, threat hunting, adversary emulation and other offerings delivered by Coalfire's experts, the company said.
2. Browser Security Launch: Garrison Technology, a cybersecurity firm specializing in high-end isolation solutions, has launched Trust Qualified Browsing (TQB), a new product suite designed to protect users from nation-state attacks and other threats. TQB provides users access to the wealth of information on the open Internet while using Garrison’s cloud-hosted, hardware-enforced technology to remove the risk of malicious web code, such as malware and ransomware, from corporate systems, the company said.
3. Leadership Move: Abstract Security, an AI-enabled cybersecurity provider, announced that Chris Camacho has joined the company as chief operating officer (COO). As one of Abstract's co-founders, Camacho has been instrumental in launching and advising the company since its inception. Through his role as COO, Camacho will lead Abstract's customer-first approach and spearhead its strategic global market expansion, the company said.
4. New Cyber Company Emerges: ZEST Security announced that it has exited stealth with its AI-powered cloud risk resolution platform that eliminates enterprise cloud security risks at scale. The platform correlates and pinpoints the root cause of cloud risks to craft resolution paths that eliminate cloud vulnerabilities and misconfigurations that attackers can exploit. ZEST's technology attracted a seed round investment of $5 million from Hanaco Ventures, Silvertech Ventures and angel investors, the company said.
5. Cyberattacks Spike, Report Shows: SonicWall has released the 2024 SonicWall Mid-Year Cyber Threat Report, researched and compiled by SonicWall Capture Labs. The report reveals a rise in overall cyberattacks, after seeing an 11% increase observed in 2023. "The report is current and includes timely trends and provides our partners, MSPs, MSSPs and customers with actionable intelligence to help them create and implement strategies to help their customers combat these threats whether new or old," SonicWall president and CEO Bob VanKirk said.
6. MSSP Partner Program Leader Named: Secureworks, a global cybersecurity company, has appointed Ian Williamson to lead its global MSSP partner program. MSSPs are now one of the company’s fastest growing routes to market, with more than 50 MSSPs already committing to build out their managed security service business on the Taegis XDR platform, the company said.
7. MSP Business Builds: Kaseya, a global provider of AI-powered cybersecurity and IT management software, announced that its Kaseya 365 subscription has seen "remarkable adoption" in the three months since its launch in April. More than 4,000 MSPs now rely on Kaseya 365 to manage, secure, backup and automate more than 5 million endpoints, the company said.
8. Cyber Defense Release: Craxel, a software company, has launched its Black Forest Reaper integrated cyber defense platform. Designed to revolutionize cyber defense capabilities for the world's largest cyber threat hunting enterprises, including U.S. government federal civilian agencies, the Department of Defense, Homeland Security, and the intelligence community, Black Forest Reaper offers unparalleled speed, visibility and price performance in combating cyber threats at scale, the company said.
9. Industry Recognition: XM Cyber, a continuous exposure management specialist, announced that it has been positioned as the number one vendor in the 2024 Frost Radar for Automated Security Validation (ASV). ASV solutions allow organizations to validate assumptions regarding the actual security status of the environment, device or infrastructure ecosystem. Frost & Sullivan's annual benchmark analysis evaluates key vendors in the market across innovation and growth.
10. Security Partnership Forms: iVerify, a specialist in advanced mobile endpoint detection and remediation (EDR) solutions, is partnering with the U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the Joint Cyber Defense Collaborative (JCDC) initiative to help high-risk communities and organizations defend against mobile cyber threats. iVerify's mobile EDR is now available for these communities through the CISA and JCDC resource center.
