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

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.
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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.