MSSP and Cybersecurity Market News – Contract Awards, Leadership Moves, and Data Breach Incident

MSSP Alert delivers a daily roundup of news, analysis, and discussions from across the managed security services provider (MSSP) ecosystem, targeting MSSPs, MSPs, threat hunters, Security Operations Center as a Service (SOCaaS), Managed Detection and Response (MDR), and eXtended Detection and Response (XDR) providers, as well as those partnering with such companies. Here are today’s updates in the MSSP and cybersecurity market:U.S. Army Contract Award: Indigo IT, a woman-owned small business, has secured a contract to provide comprehensive cybersecurity services for the United States Army Reserve Command (USARC) at Fort Liberty, N.C. The contract emphasizes the increasing importance of robust cybersecurity measures in government and military institutions.Leadership Move: Echelon Risk + Cyber, a cybersecurity professional services firm, has appointed Chad LeMaire as Chief Security Officer. LeMaire, a U.S. military veteran with experience in senior executive cybersecurity roles, including the Air Force Special Operations Command and Pacific Air Forces, will play a key role in strengthening Echelon’s cybersecurity capabilities.Security Partnership: Acalvio Technologies and CrowdStrike have announced a partnership aimed at combating sophisticated identity-based attacks. The integration of Acalvio’s technology with CrowdStrike Falcon Identity Protection allows customers to monitor honeytoken accounts and respond to identity threats effectively.Strengthening Cybersecurity Capabilities: Chi Studios, parent company of the Cybersecurity Studio, has teamed up with cybersecurity innovator and executive Peter Tran to build cross-enterprise cybersecurity capabilities. The partnership aims to bring corporate CISOs and senior leaders together for collective initiatives that enhance the resilience of participating organizations.Empowering Diversity in Cybersecurity: ThriveDX has launched The ThriveDX BlackGirlsHack Scholars Program, providing 25 learners from BlackGirlsHack with full tuition and fees for the ThriveDX Cybersecurity Professional Program. This initiative seeks to promote diversity and inclusivity in the cybersecurity workforce.Compliance Leadership: Sevco Security has appointed Chris Strand as the company’s first Global General Manager of Compliance. With over 25 years of technical, security, and compliance experience, including a tenure at Carbon Black, Strand will strengthen Sevco Security’s compliance measures.Expanding Global Partnerships: Flashpoint has appointed Andrew Borene as Executive Director for Global Business Development at Flashpoint National Security Solutions (FNSS). Borene will focus on developing Flashpoint’s national security partnerships with U.S. allies, including NATO and the Five Eyes.Cyber Insurance Resource: Delinea, a privileged access management specialist, has published Conversational Cyber Insurance, a comprehensive resource to help organizations navigate the evolving requirements for obtaining cyber insurance policies. The eBook includes expert guidance from cyber insurance brokers and aims to enhance organizations’ cyber insurance strategies.Data Breach Incident: Pacific Premier Bancorp reported a cybersecurity incident at a third-party vendor, resulting in a data leak of its bank’s clients. The vendor confirmed that personal data, including social security numbers and account numbers, had been compromised in the MOVEit hack, making Pacific Premier Bancorp the latest victim of such cyber attacks.These updates highlight the ongoing challenges and developments in the MSSP and cybersecurity market. Organizations and governments must remain vigilant in enhancing their cybersecurity measures to mitigate the risks posed by increasingly sophisticated cyber threats. Collaborative efforts and diversity initiatives play a critical role in building a resilient and capable cybersecurity workforce.