Managed Security Service Provider | Breaking Cybersecurity News | The Hacker News

Today, the LockBit ransomware is the most active and successful cybercrime organization in the world. Attributed to a Russian Threat Actor, LockBit has stepped out from the shadows of the Conti ransomware group, who were disbanded in early 2022. LockBit ransomware was first discovered in September 2019 and was previously known as ABCD ransomware because of the ".abcd virus" extension first observed. LockBit operates as a Ransomware-as-a-service (RaaS) model. In short, this means that affiliates make a deposit to use the tool, then split the ransom payment with the LockBit group. It has been reported that some affiliates are receiving a share as high of 75%. LockBit's operators have posted advertisements for their affiliate program on Russian-language criminal forums stating they will not operate in Russia or any CIS countries, nor will they work with English-speaking developers unless a Russian-speaking "guarantor" vouches for them.  Initial attack vectors of...

As cyber incidents increase in scope and impact, more and more organizations come to realize that outsourcing their defenses is the best practice—significantly increasing the Managed Security Service Provider (MSSP) market opportunities. Until recently, IT integrators, VARs, and MSPs haven't participated in the growing and profitable MSSP market as it entailed massive investments in building an in-house skilled security team. However, this is beginning to change as a result of certain security vendors, like Cynet, that provide a purpose-built partner offering that enables IT integrators, VARs, and MSPs to provide managed security service with zero investment in hardware or personnel. Their offering includes a 24/7 SOC that trains and supports the partner's existing team and a security platform that consolidates and automates breach protection (including endpoint, user, and network security), making it simple to operate by any IT professional. To learn more about th...

The Coronavirus quarantine introduces an extreme challenge for IT and Security teams to maintain secure environments during the mass transition of employees working remotely and the surge in cyberattacks targeting its inherent security weaknesses. In a webinar for security service providers taking place on April 22nd ( register here ), a leading MSSP will share how they conquer and overcome the coronavirus quarantine challenges to grow their customer base. The webinar sheds light on the opportunities and challenges this new reality introduces to MSSPs from the perspective of a leading Canadian MSSP. While it might sound strange to discuss the opportunities Coronavirus brings, especially with the changes it imposes on the IT environment, but it does bring a shift in priorities. It turns out that cyber threats that were normally considered a reasonable risk to contain, suddenly become regarded as a critical need to address. Thus, organizations that did not have advanced threat...