onShore Security Named to MSSP Alert's Top 250 MSSPs List for 2022

CHICAGO, September 22, 2022 (Newswire.com) - MSSP Alert, a CyberRisk Alliance resource, has named onShore Security to the Top 250 MSSPs list for 2022 (http://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.

"To protect our clients and their data from the constant barrage of new cybersecurity threats, our organization strives to stay ahead of bad actors and to be prepared for future regulatory compliance. We're very happy that our success in doing what we do best has been covered on MSSP Alert's list again," said Stel Valavanis, CEO of onShore Security.

"MSSP Alert congratulates onShore Security 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: http://www.msspalert.com/top250.

onShore Security's inclusion in the list follows several 2022 highlights for onShore Security. Earlier this year, onShore launched a new vulnerability management service and also announced the integration of new machine learning technology into the security stack. News of new partnerships has also been frequent, as onShore partnered with Palo Alto to be listed in their MSSP directory and onShore Security CEO Stel Valavanis joined the cybersecurity committee of the Public Directors Association. onShore also announced the release of their podcast, onSecurity, which continues its first season this month.

About onShore Security

Founded in 1991, onShore Security is one of only a handful of managed cybersecurity providers, nationwide, that provide 24/7 real-time monitoring, correlation, and analysis of organization-wide, full-telemetry network data. onShore Security offerings fall into three groups: Panoptic Cyberdefense^® SOC, Managed Security Solutions, and Cybersecurity Leadership. They collect an extensive range of telemetry, including logs from your systems, IDS on your site, cloud-placed sensors, netflow collectors, firewalls, network devices including encrypted payloads, and correlate this data to achieve an end-to-end security view. onShore Security specializes in banks, handling large regional institutions.

For more news and information on onShore, please visit www.onshore.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.

Source: onShore Security