ELK Analytics Named to MSSP Alert’s 2023 Top 250 MSSPs List

September 20, 2023: ELK Analytics ranks among the Top 250 MSSPs (https://www.msspalert.com/top-250) for 2023, according to MSSP Alert, a CyberRisk Alliance resource.

The Top 250 MSSPs honorees were announced in a live webcast on September 14.

• The complete list and research report are available here: https://www.msspalert.com/top-250
• The on-demand webcast will be available to watch here: https://www.msspalert.com/webcasts

Key findings include:

• 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% are reevaluating 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%) provided 24/7 security event monitoring and response for threat detection use cases on their own. While 61% of the smaller MSSPs provided these services on their own, 35% partnered with another company for these services and 4% of the smaller MSSPs did not offer them at all.

ELK Analytics was ranked among the Top 250 MSSPs for 2023. 

“We are extremely proud be named as a top 65 MSSP in the United States and number 109 globally,” said Jason Evans, Chief Revenue Officer, ELK Analytics. “It’s an exciting time at ELK Analytics as we continue to invest in our people and our technology to maintain this aggressive growth into the years ahead.”

“MSSP Alert and CyberRisk Alliance congratulate ELK Analytics on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023. It’s an indication of the strength of managed security services provided by these specialists at a time when cybercrime has accelerated and threatens businesses of every size and from every industry.”

MSSP Alert’s Top 250 MSSPs list and research report are overseen by Jessica C. Davis, editorial director, MSSP Alert and ChannelE2E.

Click here to download the list and associated report.

ELK Analytics managed SIEM/EDR solution, backed by a 24/7 SOC, has proven to detect and respond to cyber threats faster than other options in the market. By combining industry leading platforms with proprietary components, ELK Analytics will prevent, detect and respond to threats against your attack surface.  A customizable solution and a white-glove approach to support has delivered client retention rates in excess of 97% and a track record of keeping our clients' safe.

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, Security Weekly, ChannelE2E, MSSP Alert, InfoSec World, Identiverse, Cybersecurity Collaboration Forum, its research unit CRA Business Intelligence, the peer-to-peer CISO membership network, Cybersecurity Collaborative, the Official Cyber Security Summit, TECHEXPO Top Secret, and now LaunchTech Communications. Click here to learn more. 

About ELK Analytics

ELK Analytics provides 24/7 monitoring, detection, and response to prevent cyber threats from impacting your endpoints, network, cloud, applications, and much more. The industry leading ELK Analytics platform can ingest data from almost any source and provides you with access to a full feature SIEM that allows you to create your own dashboards or conduct your own threat hunts. The intelligent EDR/MDR platform identifies indicators of compromise through a combination of machine learning, advanced hyper-accurate detections, and expert threat hunting – all through a lightweight agent. Our solutions are backed by a team of US-based security experts that take a custom approach for each client and act as an extension of your team. Click here to learn more.