Cyber attackers are always looking to reap the largest reward from the smallest amount of effort. They look for targets that can be easily compromised, while providing access to significant monetary value. Attacking a managed service provider (MSP) with many unsuspecting clients is one way to gain access to a larger reward.
The increase in cyberthreats has been attributed to the growing number of people working outside their protected office networks. CRN reported on an alert issued recently noting malicious cyber activity targeting MSPs is on the rise and is expected to continue. Vulnerable MSPs are often targeted as they are a pathway to many smaller organizations and once compromised, bad actors leverage ransomware and cyber espionage tactics. According to a report by NTT, nearly 40% of companies use a third party to manage their IT needs including infrastructure, monitoring and securing confidential data.
When cyber criminals successfully attack an MSP, the results can range from data breaches to disruption of service to customers, which oftentimes means the customers lose access to their network, systems and applications.
Cyber agencies collaborate
Earlier in the year, President Biden urged private sector companies to implement best practices to strengthen their cybersecurity. The White House followed with an Executive Order to improve the nation’s cybersecurity making it clear that “the prevention, detection, assessment, and remediation of cyber incidents is a top priority and essential to national and economic security.”
The Cybersecurity & Infrastructure Security Agency (CISA) joined international authorities to release an advisory, Protecting Against Cyber Threats to Managed Service Providers and their Customers, to provide best practices and guidance on protection against malicious cyber activity that includes:
Prevent initial compromise
Enable/improve monitoring and logging processes
Enforce multi-factor authentication
Manage internal architecture risks and segregate internal network
Apply the principle of least privilege
Deprecate obsolete accounts and infrastructure
Backup systems and data
Develop and exercise incident response and recovery plans
Understand and proactively manage supply chain risk.
Manage account authentication and authorization
MSPs need robust protection
MSPs have long been regarded by their customers as trusted advisors, and as they have the “keys to many kingdoms” need to be armed with the most effective tools to manage the latest threats. Some MSPs use point solutions, however that approach often leaves opportunities to attack between the seams. The most secure option is to find a single, robust cybersecurity solution to protect their customers and their revenue streams.
If you’re an MSP, a value-added reseller, or an IT or security consultant working with SMB customers, you already know that current solutions fall short of the mark, while security needs have never been greater.
AaDya Security set out to change that by developing an all-in-one platform that’s easy to install, manage, and maintain, allowing you to provide enterprise-level protection without the cost or hassle—for you, or for your customers. Designed to be effective and affordable, Judy was built to the highest industry standards using the latest technology. With Judy, you can be confident that your client’s most sensitive customer and company data is always protected. Backed by next-generation automated threat monitoring and remediation, and by AaDya’s live customer success team, Judy delivers the protection and cybersecurity services clients need, without the cost of additional staff or contractors.
Judy’s Team Blue supercharges security with advanced threat monitoring and remediation, automated responses, additional threat intelligence, and a live team of experts to protect your client’s environment.
Get a demo today to learn more about AaDya's all-in-one cybersecurity platform, powered by Judy.