Average Cyberattack Cost Tops $1 Million: What It Means for MSPs
… it cuts into two dimensions in how it affects a business — that are very different than traditional IT services,” said Continuum CEO Michael George.
“MSPs need to have the ability to immediately detect and respond to a threat, while also having an integrated backup and disaster-recovery solution. You could go to a customer and say, ‘I can thwart 99 percent of the problems, but 1 percent is bound to get through, and when it does, I have you covered with backup.’ MSPs need to account for that dimension of immediacy to be effective, and if they have that coupled with backup, they have a solid security solution.”
There could be any number of answers here. Standardization? Requiring a certain level of tools and policies before taking on a customer? We have entered a new dimension, that’s for certain. Security and the constant threat and expense of cyberattacks are bringing these sorts of questions to light in ways they never have before. It’s time to halt the climbing costs.
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