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Your organization has cybersecurity weaknesses and vulnerabilities you don’t yet even know about. They need to be found and found immediately. If you don’t someone else will.
The last several years have seen significant changes in how people experience life and run their businesses. As we look forward to this still new year, here are some of the top predictions and cybersecurity insights that can be helpful for Managed Service Providers (MSPs).
Concerns about rising malicious cyber activities targeting supply chains are not limited to the United States. According to the DCMS Cyber Security Breaches Survey 2022, the United Kingdom’s National Cyber Security Centre (NCSC) released updated guidance for security supply chains in October 2022 revealing only one in 10 companies (13%), and the proportion for the wider supply chain is half (7%). The Federal Government of Australia observed vulnerable supply chains, focusing on imports, but light on the “cyber”. Fortunately, it prompted additional guidance from the Australian Cyber Security Centre (ACSC) on identifying supply chain risks and solutions for companies across Australia to better manage the risks. Finding a cybersecurity company that provides threat detection monitoring, incident detection and response services, and security risk assessment tools will help companies eliminate the complexity of developing an MSP-powered cybersecurity stack while lowering the price of 24/7 monitoring support staff.
These lead to the fact that MSPs, their clients, and their data are vulnerable and paying attention to solid threat intelligence becomes useful in adequately mitigating the risk. Cybersecurity companies can help prioritize MSPs’ time and focus on the security tools and controls that will have the most impact by analyzing the current, real-world threats that MSP partners and the industry are facing. Sharing threat intelligence makes MSPs stronger.
MSPs can scale up or down as needed to meet service-level agreements if they don’t pay for unutilized or unproductive work. Numerous SLAs, incident response plans, and managed service levels can let MSPs select how to use the SOC on a per-site basis. Additionally, the total cost of ownership over time is much lower than hiring to scale. Using a third-party SOC is more than just managing MSPs’ employees’ time and capacity. MSPs don’t benefit directly from tasks that are classified as routine, recurring, or mundane. Lower-level jobs are included in the most basic service packages and, regardless of how frequently they occur, aren’t important revenue or profit drivers. MSPs don’t experience any lucrative returns for completing tasks that need to be done for clients, regardless of how many or how few tasks are performed.
The United States Bureau of Labor Statistics projects a 35% increase in employment for information security analysts with roles, including cybersecurity analyst and information security specialist between 2021 to 2031. Being a cybersecurity specialist is a gradual process and utilizing a combination of third-party SOC support as MSPs and their staff ramp up their security experts will give MSPs the flexibility to meet their clients’ cyber needs while ensuring MSPs can maintain long-term growth without putting a strain on their bottom line.
These key cybersecurity insights and predictions mentioned above can provide MSPs with useful information to assist them in protecting their clients’ data. Additionally, it’s always important for MSPs to remain vigilant on the current threat landscape and regularly update their data networks’ security infrastructure. With SpearTip, MSPs can upsell their security offering by incorporating our pre-breach risk services into their current catalog. We offer an integrable cybersecurity solution allowing MSPs to focus on their clients’ core IT objectives while providing industry-leading protection against malicious cyber threats. Partnering with SpearTip will gain expertise in conducting comprehensive security assessments that go beyond simple compliance checks. SpearTip partners will receive a turnkey SOC and a team of experts dedicated to MSPs’ accounts on a 24/7/365 basis allowing their current team to focus on client interaction.
If your company is experiencing a breach, call our Security Operations Centers at 833.997.7327 to speak directly with an engineer.
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24/7 Breach Response: US/CAN: 833.997.7327
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