News Feature | July 1, 2016

Infographic Highlights What MSPs Need To Know About Security

Christine Kern

By Christine Kern, contributing writer

MSP Security

Today’s information security problem presents challenges for MSPs.

As the amount of information transmitted and analyzed on a daily basis increases exponentially, the challenge of keeping that data secure escalates as rapidly. The latest data demonstrates the security problem is actually getting more complicated with the rise of ransomware and other data breaches forcing MSPs better prepare to protect their customers from growing security vulnerabilities.

A Solarwinds N-able infographic highlights What MSPs Need To Know About Today’s Information Security Problem. According to the infographic, the sale of stolen personal data is a multi-million dollar industry. For example, the Target hackers made an estimated $53.7 million following the sale of two million cards at an average price of $26.86 per card.

And breaches are only part of the problem. Ransomware is a growing problem that poses serious challenges to enterprise security. When companies fall victim to ransomware attacks, downtime seems to hurt them more than ransom costs and the majority of MSPs and VARs aren't recouping the time and money they spend on wiping and restoring their computer systems, according to the 2016 Crypto-Ransomware Report. The survey of nearly 300 IT consultants found downtime translated into big concerns such as data recovery costs, reduced customer satisfaction, missed deadlines, and lost sales. On average, companies didn't have access to their data for three days after a ransom attack, meaning few companies have business continuity solutions for ransomware outbreaks.

Changes in the way we consume content have resulted in increases in the number of vulnerabilities in OS and browser platforms. And while customers also believe their antivirus software is providing adequate protection for their data, test results from opswat.com show antivirus protection rates can range from 80-100 percent. Consumer antivirus provides generally lower protection rates while enterprise-class antivirus provides higher protection rates. To guarantee the best protection possible, businesses should be using managed endpoint protection.

Ultimately, MSPS need to be able to deliver a security offering that provides top protection rates to their clients to guarantee the highest level of security possible.