- Splunk, Cisco Announce AI Strategy and Products at .conf24
- NYSE parent company fined $10 million for failing to report cyber breach
- Cybersecurity is becoming more integrated: tool proliferation spreads to platforms
- Barracuda Networks Recognizes AI as Critical Need for MSPs and Partners
Every week, ChannelE2E strives to bring you the most important cybersecurity news MSPs need to know. As part of that, we’ve created this regular feature rounding up the top stories from our sister site, MSSP Alert.
This week we bring you Splunk .conf24 news, with the company making good on its promise that Cisco will acquire the surveillance and cybersecurity giant for $28 billion in September 2023. In data breach disclosure news, the SEC fined the NYSE parent company for failing to report a data breach.
We also analyze how the platform is incorporating the tool sprawl that MSPs have seen in recent years, particularly in cybersecurity. Plus, we spoke with Barracuda MSP about their channel program, their work with MSPs, and new research they just released about the MSP business specifically. Here are some must-reads this week:
Splunk, Cisco Announce AI Strategy and Products at .conf24
Splunk and Cisco went all-in on AI at Splunk .conf24 in Las Vegas this week with a strategy statement outlining the direction and focus of the newly combined company, as well as a series of product announcements and partnership initiatives.
These announcements during the company’s opening keynote mark the beginning of fleshing out the promise of its acquisition of observability and cybersecurity giant Splunk, announced in September 2023 for $28 billion.
Gary Steele, Cisco’s president of market development and general manager of Splunk, took to the stage with Cisco CEO and Chairman Chuck Robbins to deliver a key message to the “Splunk users” in attendance: AI will be a permanent presence in everything Splunk and Cisco work together to protect data, networks and more. Declaring a “new AI era,” Steele described AI as “the most transformative technology we will see in our lifetimes” and praised its “endless possibilities.”
“When you think about the fact that Cisco has visibility into 1 billion endpoints, we see 400 billion security events a day,” Steele says. “There’s a ton of information flowing out of the network. We’re looking at everything that’s happening everywhere on the internet. We can actually predict where failures are going to happen. When you talk about digital resilience, taking all the insights that Cisco had before and bringing them into what we’re already doing with Splunk makes it even better.”
NYSE parent company fined $10 million for failing to report cyber breach
The parent company of the New York Stock Exchange has been fined $10 million by the Securities and Exchange Commission (SEC) for failing to properly notify regulators about a cyber breach.
The Intercontinental Exchange (ICE) and the SEC have settled charges that ICE failed to ensure that nine wholly owned subsidiaries, including the NYSE, complied with Regulation System Compliance and Integrity (Regulation SCI) reporting rules.
Under SCI, companies are required to immediately report SCI-related incidents to the Commission and submit notice within 24 hours of the incident occurring unless, as the SEC rules, they “promptly conclude or reasonably infer” that the intrusion will have no or only a minimal effect on their operations or “market participants.” order Said.
According to the SEC, a third party informed ICE in April 2021 that the company was “potentially affected” by a zero-day attack exploited by hackers due to a previously unknown vulnerability in its virtual private network (VPN). ICE subsequently determined that the threat actor had injected malicious code into the VPN used to remotely access ICE’s corporate network.
Cybersecurity is consolidating: tool proliferation spreads to platforms
For years, MSSPs and MSPs have combined a variety of separate security applications from multiple vendors to fortify a strong wall of defense against cyberattacks and build cybersecurity defenses for their business clients.
But that may be changing, as more cybersecurity vendors themselves look to simplify and improve their external-facing defense offerings by creating and delivering integrated, all-in-one, single-vendor cybersecurity platforms that are pre-assembled to strengthen security for business customers around the world.
For MSPs and MSSPs, the benefit of this platform approach is that they can deal with only one vendor, rather than having to deal with products from multiple vendors and assemble them to meet the individual requirements of their business customers. Other benefits include tighter and better product integration, and the provision of additional services that MSSPs and MSSPs can offer and sell to their clients, potentially growing revenue without adding new customers.
With all these changes happening all around us, now is a good time for MSSPs and MSPs to take a serious look at this new trend and how it will affect them.
Barracuda Networks Recognizes AI as Critical Need for MSPs and Partners
The partnership is Barracuda Networks“MSP Business Focus” – The importance of these relationships is demonstrated in the company’s new Global MSP Report.
Barracuda’s previous partner programs were based on partner type and geography, but the company consolidated the programs into a single global partner success program a year and a half ago, Jason Beal, global technology channel and GTM operations executive at Barracuda, told MSSP Alert.
Beale emphasized that consolidating partner programs is the top request from partners.
To correlate Barracuda’s partnership activities with the latest research data, The Evolving State of MSP Business 2024 Report It shows how MSPs around the world are adopting marketplaces and AI to better meet their customers’ needs, but they are concerned about a lack of knowledge about AI and its applications.While providers are embracing marketplaces, they also continue to be concerned about competition.