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MSSP Market News: Building Cybersecurity into Backups, New Ransomware Group Rises

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Cyber incident alert

Happy Monday to you. In the last almost two years on this job, a concern I've heard from MSPs and MSSPs is about the integrity of their customers' backups. Dwell time of cyber criminals can be so long that backups are impacted, too.

Among today's MSSP Market Updates we've got a few pieces of news that are designed to address that -- partnerships between BDR vendors and cybersecurity vendors.

Today we've also got updates about breach vertical industry targets, some new personnel announcements, in increase in attacks by a particular cybercriminal group, and Cisco's Software Security Advisory.

Got news you want to share with us? Please send it to me, Jessica C. Davis at [email protected].

Today’s MSSP Alert Market News:

1. Cybercrime vertical market targets - 43% of data breaches are targeted at small to medium businesses in the following industries: manufacturing, finance and insurance, healthcare, government agencies, and energy and utility companies. That’s according to information compiled by Partisia, a company that focuses on securing sensitive data.

2. New cybersecurity service - Quadrant Information Security has launched a continuous threat exposure management service. The service integrates external and internal attack surface management with network and web application penetration testing. It’s in addition to Quadrant’s existing portfolio of services which include MDR (managed detection and response) cybersecurity services and IT managed services.

3. Protecting backups - Veeam and Palo Alto Networks are partnering to protect data backups. A Veeam ransomware report found that in 96% of attacks, criminals are targeting backups, too. The Veeam, Palo Alto Networks partnership combines capabilities from both companies to help identify and respond to cyberattacks faster, the companies said.  

4. More protecting backups - Rubrik and Pure Storage are partnering to offer primary storage and data security in one solution ensuring critical data is secure and recoverable at scale.

5. New security and channel bosses - Jamf has hired two new leaders, Andrew Smeaton as Chief Information Security Officer and Marc Botham as Global Vice President of Channel and Alliances.

6. Ransomhub rises - Ransomware attacks launched by cybercriminal group, RansomHub increased 67% between July and August, according to a new report from cybersecurity consultancy, NCC Group.

7. Cisco advisory report - Cisco has released its September 2024 Semiannual Cisco IOS and IOS XE Software Security Advisory Bundled Publication to address vulnerabilities in IOS and IOS XE. The U.S. Cybersecurity Infrastructure & Security Agency (CISA) says cyber threat actor could exploit some of these vulnerabilities to take control of an affected system.

Jessica C. Davis

Jessica C. Davis is editorial director of CyberRisk Alliance’s channel brands, MSSP Alert, MSSP Alert Live, and ChannelE2E. She has spent a career as a journalist and editor covering the intersection of business and technology including chips, software, the cloud, AI, and cybersecurity. She previously served as editor in chief of Channel Insider and later of MSP Mentor where she was one of the original editors running the MSP 501.