‍PRESS RELEASE

NetWorks Group Named to MSSP Alert’s Top 250 MSSPs List for 2022 for 2nd Year in a Row

Sixth-Annual List & Research Identifies Leading Managed Security Service Providers Worldwide

September 27, 2022, Ann Arbor, MI: MSSP Alert, a CyberRisk Alliance resource, has named NetWorks Group 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. 

“Our customers understand the importance of getting security right. Cutting through the noise to focus on what matters, especially when resource constrained, is really important with every customer we work with.  We pride ourselves on partnering closely with our customers to help them see and understand risks and make informed decisions about their businesses.”  said David Howard, President of NetWorks Group.  “NetWorks Group is honored to receive this recognition from CyberRisk Alliance and see it as affirmation that our strategy of focusing on security partnership with our customers continues to pay off.”

‍“MSSP Alert congratulates NetWorks Group 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.”

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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.

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In 2022,  NetWorks Group is celebrating its 25th year helping our customers design, build, operate, monitor and assess secure technology environments.

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.

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About NetWorks Group

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 25 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 reduce cost and increase efficiency.

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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.  

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Published By: Michael Cross, VP of Operations, NetWorks Group

September 27, 2022

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