Will TP-Link routers still be sold in the U.S. in 2025?
The U.S. government is investigating whether these devices pose a national cybersecurity risk. Pending the outcome, the government is considering banning these networking devices next year. That’s according to a Wall Street Journal report.
The report notes that the Chinese manufacturer has roughly 65% U.S. market share for routers in homes and small businesses.
The Wall Street Journal reports that a Microsoft analysis published in October found that a Chinese hacking entity maintains a large network of compromised network devices that are mostly TP-Link routers. The network has been used by Chinese actors to launch cyberattacks against Western targets including think tanks, government organizations, nongovernment organizations and Defense Department suppliers.
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Today’s MSSP Update
1. MSSP 250 company momentum - Global MSSP Quorum Cyber reports that it experienced significant momentum in 2024 increasing its revenue rate by 45% to $40.7 million and its headcount by 49% from 225 to 336. But the greatest growth of all came in its number of recurring customers, up by 54% from 101 to 156.
2. SAP security company exec appointments - SecurityBridge, which offers a Cybersecurity Command Center for SAP, has hired Steffen Fischer as the new CFO of the SAP security specialist. Fischer will oversee the company's global finance functions, which include accounting and reporting, planning and analysis, budgeting, and cash management. He will also communicate with investors on the company's strategic direction and economic health.
3. Email threats spike - Email-based threats rose by 202% and credential theft attacks surged by 703% in the second half of 2024, according to a new report from SlashNext, a provider of cloud email and communications security. The report takes a deep dive into business email compromise, malicious links, attachments, QR codes, AI-driven natural language attacks and more.
4. AI security startup funding - UK-based startup Mindgard, a Lancaster University (UK) spin-off pioneering AI security for enterprises, has just secured an $8 million seed funding round led by investors .406 Ventures, with participation from Atlantic Bridge, Willowtree Investments, and existing investors IQ Capital and Lakestar. The company also named Dave Ganly, (former Director of Product at Twilio) as Head of Product, and Fergal Glynn, (former CMO at Next DLP) as VP of Marketing. The two new execs will play a key role in the company’s product development and launch Mindgard’s expansion into the North American market with a leadership presence in Boston, the company said in a statement.
5. Docusign impersonation spearfishing threat - You might want to warn your client executives about a new targeted mobile phishing campaign that leverages Docusign impersonation to harvest corporate credentials from execs. The attack was reported by ZimperiumLabs. More details are available in this report from SCMedia.
