MSSP Market News: Resecurity, Beyond Cyber, Bfore AI

Every business day, MSSP Alert delivers a concise summary of news, analysis and conversations from the MSSP, MSP and cybersecurity world.

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Today’s MSSP Alert Market News:

1. Security partnership: Resecurity, a global cybersecurity company, has entered into a strategic partnership with Beyon Cyber, a digital security provider in the Middle East and Cyprus. Resecurity and Beyon Cyber ​​will jointly share threat intelligence, develop joint incident response initiatives and develop comprehensive cybersecurity awareness programs, the companies said.

2. Data Breach Protection Program: BforeAI, a specialist in predictive attack intelligence and digital risk protection, has launched the PreCrime Guarantee, a new breach protection commitment that underscores confidence in its cybersecurity solutions platform that predicts, blocks and prevents malicious campaigns before they can impact a business. The PreCrime Guarantee reimburses customers up to 10x the value of their service contract if they are affected by a cyberattack due to a failure of BforeAI’s predictive solution, the company said.

3. Cybersecurity training program: Veeam Software, a data protection and ransomware recovery specialist, is offering new technical training and certification programs through Veeam University, which provides on-demand technical training to IT professionals. The new online offering is the result of a global partnership with Tsunati, a Veeam accredited services partner that provides on-demand technical certification training to partners and customers worldwide, the company said.

4. Network Security Partnership: NEXCOM, a network solutions provider, CTOne, a global communications technology cybersecurity specialist, and Vertex, a systems integrator for private 5G networks, have joined forces to improve the security of private 5G networks at semiconductor manufacturing sites. The joint solution is designed to address the specific cybersecurity challenges commonly encountered in operational technology networks, providing protection and seamless integration into existing network architectures with minimal operational disruption during deployment, the companies said.

5. SaaS security solution: To secure new attack surfaces for SaaS, Adaptive Shield has expanded the capabilities of its unified SaaS Security Posture Management platform to cover complex permissions and shared data. The permission inventory provides customers with deep visibility into permission structures at the SaaS stack level through an automated approach. This announcement follows Adaptive Shield’s recent launch of GenAI Posture Management at RSA Conference 2024, the company said.

6. Cyber ​​Insurance Initiative: Incyde Risk has launched a new cyber facility operated by Safe Security, led by Mosaic 1609 and supported by other participating Lloyd’s syndicates to optimize cyber insurance solutions. The new facility will provide capacity of up to $25 million on a primary and first excess basis. “The partnership is profound as it combines expert underwriting with highly specialized risk assessment and quantification,” said Mark Wheeler, co-CEO of Mosaic.

7. Industry recognition: ReasonLabs announced that its flagship product RAV Endpoint Protection received the highest A+ rating in Virus Bulletin’s rigorous VB100 antivirus test. Virus Bulletin conducts comprehensive evaluations of cybersecurity products to assess their effectiveness in fighting cyber threats. The A+ rating represents RAV Endpoint Protection’s performance in detecting and neutralizing malware, ransomware and other malicious software, the company said.

8. Cisco Security Advisory: Cisco has released a bundled security advisory that addresses vulnerabilities in Cisco Adaptive Security Appliance (ASA), Firepower Management Center (FMC), and Firepower Threat Defense (FTD) software. According to the Cybersecurity & Infrastructure Security Agency (CISA), a cyber threat actor could exploit any of these vulnerabilities to take control of an affected system.
Users and administrators are encouraged to review the following publication and apply the required updates: Cisco Event Response: May 2024 Cisco ASA, FMC, and FTD Software Security Advisory Bundled Publication.

9. Reported data security incident: Prescription management company Sav-Rx is warning more than 2.8 million people in the U.S. that their personal information was stolen in a 2023 cyberattack. A&A Services, which does business as Sav-RX, is a pharmacy benefits management company that provides prescription drug management services to employers, unions, and other organizations across the U.S. (Source: Bleeping Computer)

10. Malware Warning: Security researchers at Trellix have discovered fake websites that pose as legitimate antivirus solutions and from which attackers can distribute malware. The malware is mainly used to steal sensitive data from Android and Windows devices. The fake websites pose as antivirus software such as Malwarebytes, Avast and Bitdefender. (Source: Spiceworks)