- CrowdStrike Deal for Applied Security Will Enhance SaaS Security
- Lumifi Extends Acquisition Strategy with Critical Insight Buy
- MSSPs Have a Key Role to Play as Use of TPRM Evolves
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.
CrowdStrike Deal for Applied Security Will Enhance SaaS Security
CrowdStrike’s plan to bolster its identity protection and software-as-a-service (SaaS) security capabilities through its proposed acquisition of startup Adaptive Shield will help the cybersecurity vendor at a time when organizations are expanding their cloud footprints and bad actors are using identity to get initial access into those environments.
CrowdStrike will fold Adaptive Shield’s SaaS security tools into its Falcon security offering, a move company executives said will enable them to offer enterprises a single platform for the protections they need to guard against identity-based attacks across their multi-cloud landscapes.
It also means the vendor’s MSSP partners will be able to offer these capabilities to their customers, who likely can use as much help as they can get in managing an increasingly complex set of management and security challenges.
Lumifi Extends Acquisition Strategy with Critical Insight Buy
Lumifi’s acquisition this week of fellow MSSP Critical Insight is the latest purchase in the company’s strategy to build out its managed detection and response (MDR) capabilities the began to ramp two years ago and promises to continue for at least another two.
The deal to buy Critical Insight, one of MSSP Alert’s MSSP 250 companies, was Lumifi’s third acquisition in 13 months and the fourth since the Scottsdale, Arizona-based company bought Datashield, which provided cyber resilience services, from ADT for $30 million.
It’s part of an aggressive acquisition strategy that the company laid out last year and CEO Michael Malone reiterated this week.
MSSPs Have a Key Role to Play as Use of TPRM Evolves
Fewer organizations are affected by supply-chain security incidents as they take a more proactive approach to third-party risk management (TPRM), according to BlueVoyant.
MSSPs can play an important role in helping customers expand their understanding of TPRM, and can assist with closing gaps in visibility, expertise, and response capabilities. As supply chains grow more complex and interdependent, MSSPs bring value to third-party relationships through continuous oversight and assessment.
In its fifth annual report about supply chain cybersecurity risk management, the cloud-native security platform vendor found that 81% of 2,100 executives surveyed said their businesses were negatively impacted by supply chain breaches over the previous 12 months. That number is still high, but represents a decline from the 94% who said the same thing last year.
