Each business day MSSP Alert delivers a quick lineup of news, analysis, and chatter from across the MSSP, MSP and cybersecurity world. TToday's market news also covers Edgio, TRG, Inversion6, LevelBlue, Fortinet, AlgoSec, Wiz, Zimperium and Endor Labs.
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Today’s MSSP Alert Market News:
1. Salt Security Delivers Enhanced API Protection: Salt Security, an API security company, has announced its integration with Google Cloud's Apigee API Management platform. With this technical collaboration, customers can discover all of their APIs, including shadow and deprecated APIs, apply posture rules, uncover areas of non-compliance, and stop API-based attacks at their root, the company said.
2. Edgio Unveils Security Platform Controls: Edgio, a security platform provider, has brought to market new features to give customers controls to secure APIs and mitigate the risks of automated attacks. Edgio’s API security solution includes JSON Web Token (JWT) authentication to secure customers’ API endpoints, as well as improvements to its Advanced Rate Limiting solution to protect customers from evolving application DDoS threats, the company said.
3. TRG Merges Capabilities with Inversion6: MSP TRG has merged capabilities with Inversion6, adding cybersecurity to its list of endpoint management capabilities. TRG will expand its focus to its mobility clients who are looking to augment their cybersecurity. With this merger, TRG is expecting to see roughly 20% organic growth within its existing customer base and has immediate plans to make strategic hires overseas to globalize its cybersecurity offering, the company said.
4. LevelBlue Research Probes Manufacturing, Transportation: LevelBlue, a provider of managed network security services, managed detection and response, strategic consulting and threat intelligence, has released its 2024 Futures Reports: "Cyber Resilience in Manufacturing and Transportation." Sixty-nine percent manufacturing leaders and 73% transportation respondents confirmed the opportunity of dynamic computing innovation outweighs the corresponding increase in cybersecurity risk, according to the report.
5. Fortinet Tackles Cybersecurity Skills Shortage: Fortinet has announced significant progress in its mission to address the cybersecurity skills shortage through its Training Institute programs. As part of the company’s commitment, Fortinet pledged to train one million people in cybersecurity by the end of 2026, with more than a half-million people trained since the five-year span pledge was announced, the company said.
6. AlgoSec Launches AI-powered Security Platform: Cybersecurity company AlgoSec has launched its newest Security Management platform version, featuring advanced AI technology that provides an application-centric security approach and a clearer picture of risks and their impact. With this new release, the AlgoSec platform enables users to accurately identify the business applications running in their complex hybrid network and leverage intelligent change automation to streamline security change processes, the company said.
7. Wiz Explores Sale: U.S.-Israeli cybersecurity startup Wiz is exploring a potential sale of existing shares at a valuation ranging from $15 billion to $20 billion, Bloomberg News reported. The company is reportedly talking about a transaction enablin existing shareholders tender from $500 million to $700 million of their holdings. In July, Wiz ended talks with Google-parent Alphabet on a proposed $23 billion deal, a valuation that nearly doubled what the cybersecurity firm announced in May, when it raised $1 billion in a private funding round. (Source: Reuters)
8. Mobile Phishing Attacks Surge, Zimperium Finds: Zimperium, a mobile security specialist, has released its 2024 Global Mobile Threat Report, which highlights critical mobile threat trends from the past year. The zLabs researchers uncovered a significant rise in "mishing," also known as mobile targeted phishing, a technique that employs various tactics specifically designed to exploit vulnerabilities in mobile devices and users. Notably, the report reveals that 82% of phishing sites now target mobile devices.
9. Endor Labs Hires CISO: Endor Labs, a specialist in open source software security, has appointed Karl Mattson as the company’s first chief information security officer (CISO). Mattson was previously CISO at Noname Security, which was recently acquired by Akamai. Earlier in his career, he was CISO for City National Bank and PennyMac Financial Services.
