MSSP Market Momentum, December 15, 2023 – Stay Tuned In

December 16, 2023
1 min read

The Managed Security Services Provider (MSSP) market is seeing noteworthy developments and growth, impacting a variety of sectors, including cybersecurity, tech innovation, consumer protection, and employment opportunities. Here’s a run-down of some of the essential updates:

  • Technology solutions provider SHI International Corp. has joined the Global Partner Program of DTEX Systems, an insider risk management company, marking a significant stride in one of the quickest growing areas in cybersecurity – insider risk.
  • Cyemptive Technologies, an IT services and consulting firm, plans to construct a Security Operations Center and Cybersecurity Solutions Showcase in Mohali, India by early 2024. This initiative aims to showcase its cybersecurity solutions and support its growing customer base in the region.
  • Global cybersecurity leader Bitdefender has launched Scamio, a free scam detection service powered by artificial intelligence (AI). This service helps users verify questionable content and provides recommendations for further action and preventative measures.
  • AI security expert CalypsoAI has joined the World Economic Forum’s Global Innovators Community to address prominent cybersecurity challenges related to AI. This emphasizes the need for a robust security layer to protect sensitive information and prevent cyberattacks.
  • A related concern has been raised by Splunk Inc.’s research, revealing trust issues in AI-enabled systems, especially concerning cybersecurity. This finding stresses the importance of implementing vigilant AI policies.
  • Securonix, Inc., a provider of unified defense SIEM, welcomes its new Chief Marketing Officer, Biju Muduli, tasked with leading marketing initiatives to support its growth in the cybersecurity industry.
  • A recent survey by Infobip reveals that while 64% of Americans feel their information is at risk during the holiday shopping season, 55.4% do nothing about data leaks. This worrying truth suggests a need for user education and stronger data protection measures, especially during high-risk periods.

These developments reflect the steady growth of the MSSP market, with a prominent focus on AI and cybersecurity. The industry must continue its efforts in building trust in AI systems, provide customer-centered solutions and take proactive steps in insider risk management.

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