Sixth-Annual List & Research Identifies Leading Managed Security Service Providers Worldwide
MSSP Alert, a CyberRisk Alliance resource, has named High Wire Networks to the Top 250 MSSPs list for 2022 (https://www.msspalert.com/top250). The list and research identify and honor the top MSSPs (managed security service providers) worldwide. The rankings are based on MSSP Alert’s 2022 readership survey combined with the site’s editorial coverage of MSSP, MDR and MSP security providers. The sixth-annual list and research track the MSSP market’s ongoing growth and evolution.
“We are pleased to see our Overwatch Managed Security SOC as a Service and Marketplace has been recognized as a top 150 MSSP for the third year in a row,” said Mark Porter, High Wire Networks CEO.
“MSPs value our ‘top-of-stack’ approach that integrates their tech stack, allows their customers to bring in their legacy investments, and still leverages the Overwatch best-of-breed security marketplace, in tandem with a 24/7 managed security operations to deliver scalable, customized and faster threat detection and response.”
“MSSP Alert congratulates High Wire Networks on this year’s honor,” said Joe Panettieri, editorial director of MSSP Alert. “The MSSP Alert readership and Top 250 honorees continue to outpace the cybersecurity market worldwide.”
Highlights from the associated MSSP Alert research for 2022 include:
MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $24 million in revenue for 2022, up 26% from 2021. The growth rate is roughly double the market average.
- Geography: Honorees are headquartered in 30 different countries.
- Profits: 90% of MSSPs surveyed expect to be profitable for fiscal year 2022, a five-point improvement from 2021.
- Security Operations Centers: 69% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 4% are reevaluating their SOC strategies.
- Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2022 include phishing (97%), vulnerability exploits (93%) and ransomware (91%).
- Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 140 different hardware, software, cloud, distribution and services vendors that assist their cybersecurity efforts.
- Key Managed Security Services Offered: MSSPs and MSPs increasingly seek out partners to deliver MDR (managed detection and response), XDR (eXtended Detection and Response), Incident Response and other key services.
Find the online list and associated report here: https://www.msspalert.com/top250.
High Wire’s Overwatch Managed Security platform combines security orchestration automation and response (SOAR) and 24/7 Security Operations Center, with a team of expert security analysts monitoring alerts and responding to threats around the clock. High Wire delivers a range of subscription services for threat prevention, detection and response to meet the security and compliance requirements of organizations large and small.
Threat Prevention:
- Vulnerability Management
- Patch Management
- Overwatch Prevention Suite (Zero Trust Network Access and SaaS Security)
- Security Awareness Training
- Managed Firewall
- Ransomware Kill Switch
Detection and Response:
- XDR
- EDR
- NDR
About High Wire Networks
For 20 years, High Wire Networks Inc.(OTCQB: HWNI) has been a trusted partner to VARs, MSPs, distributors, integrators, manufacturers and telecom providers by enabling them to minimize overhead while extending delivery capabilities around the world. Our flexible workforce delivers vendor-agnostic technical field, professional and security services in more than 180 countries. Our services include design, installation, configuration and support for unified communications, wired and wireless networks, cabling and infrastructure, and electrical systems. Our Overwatch Managed Security Marketplace enables our partners to deliver comprehensive cybersecurity that’s easy to sell and easy to buy for an affordable subscription. We also offer a variety of on-demand, rapid-response solutions with service levels ranging from two hours to the next business day for onsite break-fix and remote technical support. With High Wire Networks, partners Get Work Done. Learn more at www.highwirenetworks.com.
About CyberRisk Alliance
CyberRisk Alliance (CRA) is a business intelligence company serving the high growth, rapidly evolving cybersecurity community with a diversified portfolio of services that inform, educate, build community, and inspire an efficient marketplace. Our trusted information leverages a unique network of journalists, analysts and influencers, policymakers, and practitioners. CRA’s brands include SC Media, SecurityWeekly, ChannelE2E, MSSP Alert, InfoSec World, Identiverse, Cybersecurity Collaboration Forum, its research unit CRA Business Intelligence, and the peer-to-peer CISO membership network, Cybersecurity Collaborative. Click here to learn more.
