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CyFlare Ranked #20 on MSSP Alert’s 2023 Top 250 Managed Security Service Providers List

CyFlare has achieved remarkable recognition, securing the #20 position among prominent industry leaders such as Deloitte, Rapid7, and eSentire.

CyFlare, a leading managed security service provider, is thrilled to announce its inclusion in MSSP Alert’s coveted Top 250 MSSPs for 2023, earning their # 20. MSSP Alert, a distinguished resource within the CyberRisk Alliance, unveiled the highly anticipated honorees during a live webcast on September 14th.

“Securing the #20 spot on MSSP Alert’s Top 250 MSSPs list this year, and placing on the list for the past five consecutive years, is truly incredible,” said Joe Morin, CEO and Founder of CyFlare. “Our team’s relentless efforts to stay ahead of emerging threats and provide cutting-edge security services have paved the way for this significant recognition. We’re proud to stand alongside industry leaders on this prestigious list.”

Why Partner with CyFlare as a Managed Security Service Provider?

  • Proven MSSP Leader: CyFlare’s consistent presence on the Top 250 MSSPs list for five years showcases our dedication to providing top-tier managed security services. Partnering with CyFlare means aligning with an industry leader you can trust.
  • Flexible SOC Solutions: We offer flexible Security Operations Center (SOC) models to accommodate your unique needs. Whether you prefer in-house, hybrid, or fully outsourced SOC operations, CyFlare provides the support you require.
  • Comprehensive Threat Mitigation: Our MSSP services address the most prevalent cyber threats, including phishing, vulnerability exploits, and ransomware. Our offerings encompass XDRMDRCyber Risk Intelligence, and Professional Services. Partnering with CyFlare empowers you to strengthen your MSSP capabilities to counter these pervasive cyberattacks.
  • Thought Leadership & Reputation: CyFlare is not just an MSSP; we’re thought leaders in cybersecurity. Our expertise and insights are invaluable to partners looking to stay informed about the latest industry trends and best practices. Our strong reputation in the MSSP space enhances your service portfolio and adds credibility to your brand.

  • MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $56.3 million in revenue for 2023, more than double the number from our 2022 report. However, the 2023 Top 250 reported 2022 revenues averaged $47 million.
  • Geography: Honorees are headquartered in 37 different countries.
  • Profits: 87% of MSSPs surveyed expect to be profitable for fiscal year 2023.
  • Security Operations Centers: 67% have in-house SOCs, 23% are hybrid, 8% completely outsource their SOCs, and 1% reevaluate their SOC strategies.
  • Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2023 include phishing (95%), vulnerability exploits (91%), and ransomware (86%).
  • Cybersecurity Solutions: Larger MSSPs were more likely to run their SOC entirely in-house (85%), while just half of our smaller segment MSPs ran their SOCs in-house, and 33% took a hybrid approach (a portion in-house and a portion outsourced.)
  • Key Managed Security Services Offered: Almost all of the larger MSSPs (90%) independently provided 24/7 security event monitoring and response for threat detection use cases. While 61% of the smaller MSSPs provided these services independently, 35% partnered with another company, and 4% of the smaller MSSPs did not offer them at all.

“As the cybersecurity landscape becomes increasingly complex, MSSPs require a dependable partner to navigate these challenges successfully,” stated Akash Desai, Co-CEO of CyFlare. “Being part of the Top 250 MSSP list, especially the top 20, underscores CyFlare’s commitment to excellence, making us the ideal ally for MSSPs looking to provide unparalleled cybersecurity solutions to their clients. Leveraging our cutting-edge technology, proactive remediation services, and expert guidance, MSSPs can enhance their service offerings, fortify client relationships, and capitalize on new growth prospects within the market.”

Jessica C. Davis, the Editorial Director of MSSP Alert within the CyberRisk Alliance, shared her congratulations, saying, “MSSP Alert and CyberRisk Alliance congratulate CyFlare on this honor. The Top 250 MSSPs continue to demonstrate exceptional performance in the cybersecurity services market, reinforcing the importance of managed security services when cyber threats are on the rise, posing risks to businesses of all sizes and across all industries.”

Apply to become a partner of CyFlare’s today.