Managed service providers (MSPs) offer IT solutions for their clients’ businesses. MSPs act as an internal IT department that would set up and maintain your technology solutions and ensure that your information is secure. To do so, MSPs need to establish connections to all their client’s networks, and because of this, they increasingly find themselves a prime target for ransomware. With a single attack, the hacker can capture the critical data of not just the MSP but all their clients’—and then hold that data for ransom at a very high price.
Ransomware attacks are gaining popularity. Global cyber insurance provider Beazley reported a 37% increase in ransomware attacks in the third quarter of 2019 compared to the previous quarter. Particularly worrying is that a staggering 25% of all incidents were against MSPs.
MSPs need to take extra preventive and curative measures to protect themselves against the massive threat posed by ransomware. If they don’t, they are not only putting themselves and their reputation at risk, but their clients’ business as well. Here at N-Tech, we understand the gravity of what it means to be managing your business and take every precaution to ensure we not only keep your system secure but ours as well.
Before you enter into an agreement with an MSP, we would encourage you to ask what measures they take to protect themselves. If your current MSP isn’t taking these precautions, or if you are looking for one that does, schedule a consultation call with us today.
Here are a few of the security precautions we currently take: