NetWorks Group Named to MSSP Alert's Top 250 MSSP List for 2021

PRESS RELEASE

 

NetWorks Group Named to MSSP Alert’s Top 250 MSSPs List for 2021

 

Fifth-Annual List Honors Leading MSSP, MDR and SOCaaS Cybersecurity Companies Worldwide

 

September 17, 2021, Ann Arbor, MI: MSSP Alert, published by After Nines Inc., has named NetWorks Group to the Top 250 MSSPs list for 2021 (http://www.msspalert.com/top250). 

The list and research identify and honor the top MSSPs, managed detection and response (MDR) and Security Operations Center as a Service (SOCaaS) providers worldwide.

The rankings are based on MSSP Alert’s 2021 readership survey combined with the digital media site’s global editorial coverage of managed security services providers. The fifth-annual list and research report track the managed security service market’s ongoing growth and evolution. 

“NetWorks Group believes you deserve a safe environment to conduct business.  We’ve heard loud and clear from our customers that they need help with security.” said David Howard, President of NetWorks Group.  “In response to that need, we’ve been busy investing in our people, processes and technology to better serve our customers by helping them understand and reduce their business risks.”

“After Nines Inc. and MSSP Alert congratulate NetWorks Group on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “Amid continued ransomware, malware and supply chain cyber attacks, the MSSP Alert readership and community continues to mitigate risks for businesses and government organizations worldwide.”

Highlights from the associated MSSP Alert research include:

  • MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $22.3 million in revenue for 2021, up 16% from $19.2 million in 2020. The growth rate remains consistent with last year’s report.
  • Geography: Honorees are headquartered in 26 different countries.
  • Profits: 85% of MSSPs surveyed expect to be profitable for fiscal year 2021, which is roughly even with 2020.
  • Security Operations Centers: 71% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 2% are reevaluating their SOC strategies.
  • Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2021 include vulnerability exploits (87%), phishing (96%), and ransomware (89%) incidents.
  • Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 130 different hardware, software, cloud, and services vendors that assist their cybersecurity efforts -- roughly even with our 2020 report.
  • New Managed Security Services Offered: In addition to traditional managed security services, capabilities such as MDR (91%) have now gone mainstream. Plus, fast-growth services offered include SOC as a service (76%), XDR (67%), cyber talent as a service (43%) and cloud security posture management (41%).

The Top 250 MSSPs list and research were overseen by Content Czar Joe Panettieri. Find the online list and associated report here: http://www.msspalert.com/top250.

For 24 years, NetWorks Group has designed, built, operated, monitored and assessed secure technology environments for our customers.

Operating a business safely and securely should not be hard. NetWorks Group is on a mission to clear away the complexity and create a clear path forward for businesses to create a culture of security where they, their team, and customers feel safe, stable and free from threats.

Our approach is to help our customers understand their current security maturity and develop a digital sixth sense. We enable our customers to be confident they are making secure decisions, rather than becoming dependent on short-term solutions or workarounds.

We provide business solutions, Not IT solutions. At NetWorks Group we have firsthand business experience and we realize that security is just one piece of your business puzzle. This is why we bring together trusted experts, security practitioners, and business leadership to take the guesswork out of mitigating risks and maximizing compliance that move the needle for your business. We do this by championing services that deliver security solutions that matter.

About Networks Group, Inc.

NetWorks Group is an Ethical Hacking and Managed Security Services Provider (MSSP) with practices in Offensive Security, Defensive Security, and Compliance.  Founded in 1997, we have over 20 years of experience delivering services that improve security outcomes.  Our services are designed to provide you with a clear risk-informed understanding of your security, so that you can invest where it matters.  Our unique approach to security not only helps you stay ahead of cyber criminals but also helps you reduce cost and increase efficiency. 

About After Nines Inc.

After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com).  ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).  

  • For sponsorship information contact After Nines Inc. CEO Amy Katz, Amy@AfterNines.com
  • For content and editorial questions contact After Nines Inc. Content Czar Joe Panettieri, Joe@AfterNines.com


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