Breaking: MSSP Market News – 12 Jan 2024

January 13, 2024
1 min read

TLDR:

– Skyhigh Security’s web security application, Skyhigh Secure Web Gateway (SWG), is now available in the Oracle Cloud Marketplace
– QuSecure’s QuProtect solution has been recognized as the leading Quantum Computing Solution of the Year for 2023
– BullWall has made two leadership appointments: Steen Lomholt-Thomsen as CEO and Kerry Grimes as EVP and Chief Partner Officer
– NordVPN is working on a new worldwide eSIM service called “Saily”
– The automotive cybersecurity market is expected to reach $26,492.6 million by the end of 2033
– The global privileged access management market is predicted to reach $22.69 billion by the end of 2033
– SentinelLabs has warned of a new sophisticated Python-based malware called “FBot” targeting cloud and payment services

Product Launch: Skyhigh Security

Skyhigh Security, a cloud security vendor and a member of Oracle PartnerNetwork (OPN), announced that its web security application Skyhigh Secure Web Gateway (SWG) has achieved Powered by Oracle Cloud Expertise and is now available in the Oracle Cloud Marketplace. Skyhigh SWG provides Oracle customers with optimized routing and increased data handling for peak performance.

Industry Recognition: QuSecure

Post-quantum cryptography specialist QuSecure announced that its QuProtect solution has been recognized as the leading Quantum Computing Solution of the Year for 2023 in the CyberSecured Awards Program. QuProtect software enables organizations to leverage quantum-resilient technology to prevent cyberattacks and prepare for quantum cyber threats.

Leadership Move: BullWall

BullWall, a specialist in ransomware protection for critical infrastructure, has made two leadership appointments. Steen Lomholt-Thomsen has been appointed as chief executive officer and Kerry Grimes as executive vice president and chief partner officer. Lomholt-Thomsen brings extensive experience in enterprise software, SaaS sales, and general management from roles at IBM, HP, and IHS (now S&P Global).

Product Launch: NordVPN

The team behind NordVPN is developing a new worldwide eSIM service called “Saily.” This app aims to ensure smooth and effortless global internet connection by reducing roaming charges and allowing users to connect to the internet from anywhere. The app is set to launch later this year.

Automotive Security Research

A new study reveals that the automotive cybersecurity market is experiencing significant growth due to the increasing number of connected cars and rising awareness of cyber threats in the automotive sector. The market is expected to reach $26,492.6 million by the end of 2033, with a predicted CAGR of 25.8% from 2023 to 2033.

Privileged Access Management (PAM) Research

According to a new study, the global privileged access management market is projected to reach $22.69 billion by the end of 2033. PAM solutions have emerged as critical components in ensuring the security and integrity of organizations’ sensitive data and systems, driven by the increasing frequency and sophistication of cyber threats.

Malware Alert: FBot

A new Python-based malware called “FBot” has been identified by SentinelLabs. FBot is a significant threat as it targets web servers, cloud services, and software-as-a-service platforms such as Amazon Web Services, Microsoft Office365, PayPal, Sendgrid, and Twilio. Its primary functions include credential harvesting, AWS account hijacking, and attacking PayPal and various SaaS accounts.

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