MCPc Spins Out Security Risk Management Business As Fortress SRM

Solution provider powerhouse MCPc has spun out its cybercrime prevention and response business as a separate company, Fortress Security Risk Management, which will bring a focus on midmarket customers and highly regulated industries, executives said.

Fortress SRM will specialize in providing customers with a “better way” to protect themselves from the devastating impacts of cybercrime, said Andy Jones, CEO of Fortress SRM and MCPc.

Cybercrime activities such as ransomware and business email compromise are among the fastest-growing cyberthreats to businesses, with the cost of cybercrime pegged at more than $1 trillion in 2020, according to a report from McAfee and the Center for Strategic and International Studies. On Sunday, ransomware operator REvil publicly demanded $70 million to decrypt the data of more than 1,000 victims impacted by an attack that used a vulnerability in Kaseya’s VSA remote monitoring and management tool.

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