Security Update: WordPress Malware Attack, High Wire Networks M&A
- High Wire Networks Sells Non-MSSP Businesses, Preps for Acquisitions
- WordPress Fights Off Malware Attack, 5 Plugins Infected
- CISA: How MSPs Can Help SMBs Adopt SSO
- Splunk .conf24: Key Highlights from First Event Post-Cisco Deal
Each week ChannelE2E visits our affiate site MSSP Alert to bring you a wrap of the top stories impacting MSPs who are deeply focused on cybersecurity.
This week we’ve got news for you about Top 250 MSSP High Wire Networks selling off its non-MSSP businesses as it prepares for acquisitions as a pure play managed security service provider. We’ve also got information about a recent malware attack on WordPress sites, so if you manage these on behalf of your clients, you’ll want to dive into that coverage. In addition, there’s a new report from CISA about how MSPs play a crucial role in helping SMBs adopt single sign on to help with cybersecurity. Plus we’ve got a round up of coverage from the Splunk .conf24 event.
Check out all the coverage below.
High Wire Networks Sells Non-MSSP Businesses, Preps for Acquisitions
High Wire Networks, a Top 250 MSSP, is putting all its resources into managed security services, selling off all other businesses and becoming a pure play MSSP. Executives signaled that the company may also pursue strategic acquisitions.
The company announced this week that it has sold its technology enablement services business for $11.2 million to ServicePoint in an all cash deal. Proceeds will be used to reduce debt by $5 million and put more cash in the balance sheet.
In addition High Wire’s board of directors approved the holding for sale of the company’s VoIP and data network services subsidiary, Secure Voice Corp. High Wire also said that there’s a tentative sales agreement in place for Secure Voice and the company expects to complete the sale before the end of Q3.
In a LinkedIn post High Wire chairman and CEO Mark Porter said that the combination of High Wire’s Technical Services business with ServicePoint IT is an effort “to create one of the biggest and best professional services organizations in the United States. This combined entity will provide our clients with a broader set of services, greater reach, and continue the journey we…
