- Bitsight to Expand its Threat Intelligence with Cybersixgill Deal
- AI-Based Attacks Top Gartner’s List of Emerging Threats – Again
- Trustwave and Cybereason to Merge in Major MDR Play
Each week, ChannelE2E takes a trip to our affiliate site, MSSP Alert, to bring you the cybersecurity news headlines that matter to your MSP or other channel business.
Cybersecurity has become a key component of managed services businesses and, one could argue, all channel businesses, regardless of the business model. More MSPs are leading their sales conversations with cybersecurity discussions.
Cybersecurity services sales continue to be a bright spot in Canalys' analysis of channel business over the last year, even as hardware sales and other sales have slowed. Here's your roundup of key cybersecurity news for you this week.
Bitsight to Expand its Threat Intelligence with Cybersixgill Deal
Cyber risk management vendor Bitsight is boosting its threat intelligence capabilities with the planned $115 million acquisition of startup Cybersixgill, the latest deal in what has been an active cybersecurity M&A environment.
Boston-based Bitsight on Thursday announced it signed a definitive agreement to buy the 10-year-old Israeli company, which scours the darkest parts of the internet – including deep web forums and markets, invitation-only messaging groups, code repositories, and clear web platforms – analyzes the data it collects, and then reports its insights out to its customers and partners.
Bitsight’s platform monitors and analyzes publicly available data like threat intelligence feeds, network scans, and public records to create a broad picture of an organization's security posture. Organizations are given a numerical security rating so they can assess and manage their own level of cyber risk and find areas and steps for improvement.
AI-Based Attacks Top Gartner’s List of Emerging Threats – Again
AI-based cyberthreats are holding steady at the top of the list of emerging risks, according to Gartner analysts.
AI-enhanced malicious attacks and AI-assisted misinformation campaigns came in first and second among the 286 senior enterprise risk executives surveyed by the market research firm, marking the third consecutive quarter that the technology led the rankings.
The worries about AI, large language models, and machine learning leading to more sophisticated cyberattacks – not to mention the ongoing struggles finding the AI and cybersecurity talent to address such risks – creates an opportunity for MSSPs, MSPs, and other service providers that can provide these services and skills enterprises and SMBs, according to Zeus Kerravla, principal analyst with ZK Research.
Trustwave and Cybereason to Merge in Major MDR Play
Managed security services companies Trustwave and Cybereason are merging to create a larger player in a fast-growing managed detection and response (MDR) market fueled by the expansion of such technologies as AI, cloud computing, and the internet-of-things (IoT) and the ongoing shortage of cybersecurity talent.
Japanese multinational company SoftBank is the majority investor in the merger, which was announced on November 12 and is expected to close in early 2025. Softbank has been a major investor in 12-year-old Boston-based Cybereason, putting in $200 million in 2019 and another $100 million last year when SoftBank executive Eric Gan became Cybereason’s CEO. The company has about 1,000 employees.
Trustwave, founded in 1995 and headquartered in Chicago, is owned by the MC² Security Fund, an affiliate of The Chertoff Group that bought the company earlier this year. Trustwave is an MSSP Alert Top 250 MSSP and Top 40 MDR company that has about 1,600 employees.
