Breach Force: Cisco to "Cybersec" Colombians, Accellion Pushes to Secure GDrive, BYOD Woes + more

 
 
Cyber losses cost the global economy an estimated $1.5 trillion each year
Cyber losses cost the global economy an estimated $1.5 trillion each year
 
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NEW YORK - May 11, 2019 - PRLog -- The cybersecurity industry is massive, generating over $100 billion in revenue, yet security providers struggle to eliminate breaches on behalf of their clients. Cyber losses cost the global economy an estimated $1.5 trillion each year, and sometimes even force businesses to close their doors after experiencing a security failure.

In this episode of "Breach Force", Cisco plans to train a cybersecurity force in Columbia, Accellion wants to "plugin" Google Drive security, Kaseya wants to help MSPs "win" and Proofpoint plans to buy Meta Networks.

In our top story, Cisco and Colombian President Ivan Duque Marquez have announced a joint effort to train over 10,000 Colombians in cybersecurity.

Cisco intends to establish a Cybersecurity Innovation Council in Colombia and is already building cyber security skills through foundational, advanced networking, and IoT trainings.

"(Our) Country Digital Acceleration program aims to help redefine healthcare and education, create digital age jobs" said Michael Timmeny, SVP at Cisco. '(It should) enable Colombia to be a leader in Latin America in the new digital economy."

CDA Colombia's goal is to create jobs and workforce education, and enhance global economic competitiveness. Cisco plans to expand its Networking Academy program to include partners such as Servicio Nacional de Aprendizaje (SENA), focusing on fostering technology entrepreneurship, networking, and developer skills for all Colombians.

Check out this new episode of "Breach Force" on YouTube (https://youtu.be/n09RqkyS7Hk)



In other cybersecurity news, Accellion is pushing a solution that it says could boost security on Google Drive and Microsoft Office. With their fix, enterprise G Suite users would send, receive, and share confidential files externally with complete compliance and authentication.

In other words, the goal is secure, compliant, and convenient information sharing for enterprises using Google Drive.

Organizations could control all external file exchanges through a single governance platform, no matter what the data source, to mitigate the risk of a data leak or access by unauthenticated users.

"G Suite users (would) have a single governance platform that reduces the risk of inadvertently exposing sensitive information," said Yaron Galant, CPO with Accellion. "It's now very simple for G Suite users to securely share Google Docs containing sensitive data outside of their organization through systems like Microsoft, Salesforce, and Oracle."

It is a valid question: Are MSPs stuck in a cybersecurity rut? The global managed services market is expected to reach $245 billion by the end of 2022. But it is increasingly hyper competitive as 92%t of MSPs now include cybersecurity as part of their portfolio of services.

Here's a scoop that's a bit divergent. We know security, compliance and backup services are three of the fastest growing revenue streams for external and internal service providers. And we also understand that managed service providers sometimes need help when they are rapidly building their services.

That's where Kaseya Powered Services 2.0 might help. Here's an offering with a goal to help MSPs build new recurring revenue streams, or how Kaseya frames it: "win" at every stage of the service lifecycle to grow monthly recurring revenue.

Instead of merely focusing on the technical details of a solution, Powered Services coaches MSPs on how to position and sell the services.

"In working with our over 26,000 MSPs worldwide, we know that MSPs often need help to rapidly build their services" said Fred Voccola, CEO at Kaseya. "We consistently hear that to gain an edge in their hyper-competitive markets, MSPs feel it's crucial to be on top of their game in how they position, market, and sell solutions."

Meanwhile, we aren't surprised that 3 out of 4 companies allow employees to use personal devices to perform work. So, bring your own device or BYOD is officially a "thing" and it is not going away. What we didn't know was half of employers don't have a clear BYOD security policy.

Bitglass, a cloud access security broker, recently surveyed 150 IT and security professionals and nearly 1 in 3 said unmanaged devices was a top blind spot for data leakage.

"Embracing BYOD can yield benefits like increased productivity, cost savings, and talent retention," said Steve Armstrong, Director at Bitglass. "However, allowing employees to perform their work from personal devices can lead to data leakage if proper BYOD policies and security solutions are not put in place."

Turning to other news, limiting employee and contractor access to only authorized resources, rather than the entire corporate network, is a critical control in a people-centric security model. Protecting people and resources beyond the traditional perimeter is perhaps the most critical security requirement in the cloud era.

At least that's the strategic motivation behind Proofpoint's plan to acquire Meta Networks for $111 million in cash and approximately $9 million in common stock.

Proofpoint says the deal will strengthen its cloud-based architecture and people-centric security platform. "By combining Meta Networks' innovative zero trust network access technology with our people-centric security capabilities" said Proofpoint CEO Gary Steele "(we) will make it far simpler for enterprises to precisely control employee and contractor access to on-premises, cloud, and consumer applications.."

In other M&A news, Zix plans to buy Cirius Messaging for $14 million. The deal immediately improves the margin profile of the business by eliminating certain third party royalties. In addition, it will add large file transfer capabilities to Zix's email security suite, as well as additional customers, cost savings, and cross-selling opportunities.

"Breach Force" is produced by TVP, and sponsored by RestonLogic, cloud wizards leveraging over 10 years experience helping companies automate, transform and build highly-secure and stable systems. Click over to RestonLogic dot com to book a strategy session today.

Disclaimer: The blurbs highlighted on "Breach Force" are available for information purposes only, and don't necessarily reflect opinions of our editors.
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