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MSP Business | May 27, 2018

MSP Businesses: Don’t Let Your Clients Be Cheap When It Comes to Their Business’s Cyber security

msp businessIT services are commonly known to provide top-tier security solutions. Forbes estimates that by next year, costs related to cybercrime will reach $2 trillion. Even worse, the trend is increasing, not decreasing. It is expected that such costs will reach $6 trillion by 2021.

Why isn’t it going down? Well, there are a number of reasons. Such as:

• It’s good money, especially for countries that don’t play by the rules or those who deign to sneak around behind the scenes.
• Whether or not such a thing is endorsed by a country, those with the resources and the wherewithal around the world are apt to put together what can be called a cyber-crime startup.
• Technology expands at an exponential rate and as new solutions stop old problems, new problems require new solutions. There are rolling vulnerabilities with technology and that’s never going to change. So, part of the numerical expansion of cyber-crime is simply one of many natural effects emanating from the cause of technology.

Now, as a MSP business what does this mean for you and your clients security? Well, they have to be on the ball. They can’t accept cheap solutions. Anything cheap is going to result very likely in some sort of cybercriminal intrusion. Don’t think they’ll fly under the radar because they’ve got a small business, either. As it turns out, small businesses are a prime target because they often don’t properly safeguard themselves. It’s easier to ransom their files because those files are more integral to operations. Their IT support needs to be cutting-edge and in continuous development. If they spend less than $10k a year on such services, they’re probably saving money. There’s a large spread depending on industry and size, but virtually, every industry is affected. Annually, they’ll spend thousands to millions on the fallout.

Recommendable Security Solutions

Make sure potential clients know If they go the cheap route and source some free antivirus, firewall, you-name-it coverage, they’re increasing their chances of being compromised by cybercriminals.

Part of what they need is fail-safe solutions to prop up their fail-safe solutions. they need the best cybersecurity and they’ll also want a backup solution which will restore their files. Ideally, they want their files restored such that all the information entered into the system prior cybercriminal intrusion is retained. The right MSP such as yourself can get them to that point. Backup and Data Recovery (BDR) is an established modern service. Additionally, cloud computing solutions allow them to “mirror” your network. This means, if something knocks out their primary systems, they can maintain operations while the issue is resolved. So, to recap, several recommendable cybersecurity solutions worth sourcing through an MSP include:

• Antivirus software
• Firewalls
• BDR solutions
• Cloud-based solutions

MSPs can also provide best practices in cybersecurity to your employees and help you, and them, avoid common operational pitfalls.

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