Managed Cyber Defence Named to MSSP Alert’s Top 250 MSSPs List for 2022
30 September, 2022
MSSP Alert, a CyberRisk Alliance resource, has named PwC’s Managed Cyber Defence to the Top 250 MSSPs list for 2022. The list and research identify and honour 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.
Managed Cyber Defence Named in MSSP Alert Top 250
Our Managed Cyber Defence service, is led out of our SOC in Edinburgh, and operates 24x7x365 detection and responses services in collaboration with our SOC in Wellington, New Zealand, delivering cutting edge Extended Detection and Response (mXDR) services to clients across the globe.
Ross Foley, Managed Cyber Defence Lead said:
“This recognition from MSSP Alert is testament to the continued growth of our managed extended detection and response (MXDR) services.Our client’s threat landscape continues to evolve at an exponential rate, so we have focussed on building a managed service that leverages intelligence from across our global network of cyber security professionals to rapidly identify, contain and remediate new and evolving threats.”
“MSSP Alert congratulates PwC - Managed Cyber Defence on this year’s honour,” 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.
Richard Horne, Cyber Security Chair, PwC UK said:
“Our work with CEOs globally shows that cybersecurity is their number one concern. PwC's Managed Cyber Defence mXDR service provides our clients with confidence that they can rapidly detect and respond to malicious activity in their systems, before cyber attacks can result in an impact. This comes from combining our world-leading intelligence and research into threat actors, their tools and techniques, with response automation and 24x7 expert analyst support.”
Creating a Secure Digital Society
PwC’s purpose is to build trust in society and solve important problems. It is this focus which informs the services we provide and the decisions we make.
PwC has been fulfilling our purpose within our cyber business unit for over 10 years and our team of experts excel at this. Our mXDR service makes use of next generation threat hunting, detection and response capabilities that extends beyond the endpoint, unifying your network and cloud detection and responses capabilities in a single pane of glass.
True 24/7 experts using follow the sun methodology, world class threat intelligence and automation at the heart of our service means that you can focus on the threats that really matter, whilst our team of detection and response specialists ensure that you are ready to respond to even the most sophisticated threats.
For more information on our MCD service please contact Ross Foley.
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see PwC structure for further details.
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. Visit CyberRisk Alliance to learn more.
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