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Hello, cybersecurity enthusiasts! Brian Ahern here, the CEO of CyberMaxx. Over the past month, I’ve shared insights through LinkedIn to help you better understand trends in the cybersecurity industry and learn how CyberMaxx can solve some of the most pressing security challenges.
Now, I want to share a quick wrap-up of my posts and articles so you can have all this valuable content in one place.
Here’s a summary of each post and links to access the full content.
Customer Benefits and Drawbacks of M&A
Published on June 13th, I followed up on a previous post discussing M&A market activity for cybersecurity companies. This time around, I cover how M&As have had mixed effects on our clients. Acquisitions, for instance, can bring advanced tech integration, enhance product security, consolidate security services under one umbrella, and spur innovation with more R&D investment.
In certain scenarios, however, they might lead to higher operations costs that trickle down to the customer, slow innovation paces, temporary service disruptions, and overdependence on a single vendor. Regardless, balancing pros and cons is paramount to a successful M&A for cybersecurity companies.
Check out the full LinkedIn article here.
MDR vs MSSP – Full Scope of Compromise Evaluation
In a decisive call to action on June 17th, 2024, I allude to the following question: Are you working with a true MDR provider or an MSSP pretending to be one? When it comes to your reputation, operations, data, customers, and investors, why settle? With CyberMaxx MaxxMDR, you don’t need a separate DFIR contract to get the help you need on your worst day. Every MaxxMDR engagement includes a full Scope of Compromise evaluation because that’s what real MDR companies offer, unlike MSSPs masquerading as one.
True MDR providers, like us at CyberMaxx, are committed to RESPONSE. Our MaxxMDR includes a full scope of compromise evaluation, initiated immediately by our skilled Threat Response Team, available 24/7. This comprehensive assessment is critical for incident response, recovery, and future prevention. From incident identification to containment, in-depth investigation, impact assessment, eradication and recovery, post-incident analysis, and preventive measures, we’ve got you covered.
Check out the full LinkedIn article here.
Modern MDR Vendors to the Rescue as MSSPs Continue to Let Down the SMB
In a post on June 25th, 2024, I begin by highlighting how small to medium-sized businesses (SMBs) are prime targets for cyber-attacks because they’re underfunded, understaffed, and often overworked. Traditional MSSPs and conventional MDR offerings have failed these businesses by not prioritizing “Response,” leaving SMBs to handle critical tasks alone.
They don’t address the critical “Response” aspect, leaving them helpless during an incident. I later outline how the best solution lies in a modern MDR approach emphasizing “Response, Containment, and Eradication” as a core service, acting as a true extension of the SMB’s SOC team.
We at CyberMaxx integrate the big “R – Response” into our services to provide SMBs with in-depth recommendations while significantly alleviating the response burden for a more robust defense against cyber threats.
Check out the full LinkedIn article here.
CyberMaxx Delivers CTEM Standard Within Our Next Generation MaxxMDR!
In a post published on my personal LinkedIn, I announced that CyberMaxx has introduced the next-gen MaxxMDR. What’s the difference between CTEM and Vulnerability Risk Management (VRM)? CTEM evolves VRM by addressing its limitations and enhancing capabilities, providing continuous, comprehensive threat exposure management. This approach helps organizations stay ahead of the evolving threat landscape and maintain a stronger security posture.
CTEM enhances VRM by:
- Proactive threat management: CTEM continuously monitors and assesses the environment, unlike the reactive nature of VRM.
- Integrated approach: CTEM within our MDR creates a unified threat exposure management strategy.
- Reduced risk: Continuous identification and mitigation of exposures reduce overall organizational risk.
- Improved efficiency: Automation streamlines vulnerability detection, prioritization, and remediation.
As a proactive approach to threat management, CTEM leverages continuous monitoring and automation to reduce risk more efficiently.
Check out the full LinkedIn post here.
Between 3,500-4,000 Cybersecurity Companies Operate Across a Wide Range of Services and Specializations
In a post from my personal LinkedIn, I cover M&A activity for which the cybersecurity sector saw 417 transactions in 2023, an 18% decrease from the previous year. I speculate that despite a vibrant anticipatory outlook for 2024, the acquisition drop underscores just how dynamic the industry can be.
I also highlight how the need for integrated solutions, economies of scale, customers’ desire for simplification, and the acceleration of innovation and talent reflect just how much change can occur in the cybersecurity industry. Factors like investor interest, globalization efforts, and regulatory changes can also fuel these consolidations and dictate M&A activity.
Check out the full LinkedIn post here.