Cybersecurity Threat

Chris Swagler | October 6th, 2022

 

Managed service providers (MSPs) have been the target of cybersecurity threats that are gaining public attention. According to a survey of 200 MSPs across the United States, 74% experienced a cyberattack in the last year, with 83% reporting that their SMB clients experienced a cyberattack. SpearTip can provide MSPs with a full-service SOC and a team of experts that secure user authentication for their networks and their clients’ networks on a 24/7/365 basis allowing their current team to focus on client interactions. The growing cybersecurity threat to MSPs is a major source of concern and can be only addressed by a strict focus on cybersecurity with which SpearTip can help.

Three Cybersecurity Threats

Understanding Malware Threats

Malware is one of the most serious cybersecurity threats to MSP. Malware can be distributed in various ways, most commonly through email attachments or insecure websites. The number of malware attacks directed at MSPs has steadily increased year-over-year. Malware spreading within MSPs can have disastrous consequences. A single provider’s breach can cripple the operations of hundreds of companies that rely on it. Using an endpoint management tool can help protect clients from malware.

Automated patching and machine management can help secure MSPs’ networks. Email protection tools, including G Suite or Office 365, and advanced email protection schemes can search for malware in emails. A simple step that is frequently overlooked is to ensure that MSPs’ employees are trained and knowledgeable about the various tactics used by cybercriminals. Starting a culture that prioritizes cybersecurity is a simple way to help mitigate potential cybersecurity threats. Regular meetings on cybersecurity best practices can make a significant difference in protecting companies from social engineering attacks. Tips, including being wary of unknown emails, using securing communication methods, and backing up files will empower users to be the necessary defense.

Lack of Awareness Around Phishing Attacks

Phishing is a major cybersecurity threat because it only takes one employee to be tricked for the entire network to be compromised. The attack is extremely common, and phishing email scams are responsible for more than 90% of data breaches. Configuring email clients with digital certificates is one way to combat phishing attacks. Setting up a certificate-based network allows MSPs to build a network trust web for secure email communication. Numerous phishing attacks are successful because threat operators pose as IT officials and convince employees to download malware because they believe it’s an official IT communication.

Unsecured Credential-Based Networks

Getting rid of credential-based networks is a good place to start when it comes to proper cybersecurity. Numerous people use weak passwords or reuse passwords across applications. Adversary-in-the-middle (AitM) attacks can easily infiltrate a credential-based network, steal a password, and then gain access to all victims’ other accounts that use that same password. AitM attacks can result in losing important data; certificates can eliminate that risk. Passwords fail to identify network users because they’re easily shared. Users can share a unique password with Person 1, however, may give it to Person 2 with their knowledge.

MSPs are trusted by companies of all sizes to keep their information and data safe from cybersecurity threats. However, when the risks are not properly addressed and cybersecurity becomes lax, the consequences can be severe. Therefore, it’s important for MSPs and their clients to always remain vigilant of the current threat landscape and utilize cybersecurity best practices to keep their data networks secured. At SpearTip, we offer an integrable cybersecurity solution that allows MSPs to focus on their clients’ core IT objectives while providing industry-leading protection against malicious threats. SpearTip enables the MSP’s team with instant access by integrating into their current workflows so MSPs can focus on strengthening relationships. When aligning with SpearTip, MSPs receive a full-service SOC and a team of experts dedicated to their account on a 24/7/365 basis allowing their current team to focus on client interactions.

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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