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 Compliance Scorecard, Relm Insurance, SideChannel, Technavio, Skyquest and CyberArk.
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Today’s MSSP Alert Market News:
1. MDR Partnership Forms: Integrity360, a pan-European cybersecurity specialist, is partnering with Darktrace, which will see Integrity360 act as a reseller for Darktrace’s entire portfolio of IT/OT services and initially offer the Darktrace/DETECT and RESPOND/Network solutions as part of its managed detection and response (MDR) offering. Darktrace/DETECT and RESPOND provide threat detection and autonomous response capabilities to address the burgeoning attack surface across the extended perimeter.
2. MSP Alliance Program Launches: Compliance Scorecard, a governance-as-a-service solution created by MSPs for MSPs, has unveiled its new Strategic Alliance Program aimed at enhancing the cybersecurity offerings of each partner and collectively improving service delivery to MSPs and their clients. The Compliance Scorecard program is designed to foster a collaborative, open, and innovative environment by offering a broad spectrum of integrated tools and services to meet ever-changing compliance standards across multiple sectors, the company said.
3. Cyber Insurance Collaboration Announced: Relm Insurance, a specialty insurance carrier supporting emerging and innovative industries, and SideChannel, a provider of cybersecurity services and technology, have announced a new partnership. This collaboration grants Relm's client base access to SideChannel's virtual chief information security officer (vCISO) services. Through this partnership, Relm's insureds can now tap into SideChannel's cybersecurity consulting and risk management services, eliminating the need for a full-time employee, the companies said.
4. Study Charts MSP Market Growth: The global MSP software market size is estimated to grow by $181 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.12% during the forecast period. Increased adoption of IoT solutions is driving market growth, with a trend towards increased adoption of bring your own device (BYOD) policy.
5. Managed Security Services Report Issued: According to a new report from SkyQuest, the global managed security services market size was valued at $26.89 billion in 2022 and is poised to grow from $31.18 billion in 2023 to $101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031). The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. SkyQuest said.
6. Video Series Explores Human Side of Cybersecurity: CyberArk, an identity security company, has launched a new customer video series called "Fearlessly Forward" that explores the people behind cybersecurity and the human connections they forge to secure their organizations effectively. This is a task more critical than ever with identity-based breaches affecting enterprises, on average, two or more times each in the last 12 months, the company said. The first episode in the series features Aflac, a CyberArk customer since 2014.
