Written by: Charles Weaver, CEO – MSPAlliance

At first glance, this may seem like bad news for MSPs, but I think it is promising for the future of managed services. Here’s why. Lack of awareness on the part of small businesses is good news for managed service providers for a few reasons. 

First, this represents an opportunity to educate customers on the threats facing companies. In a recent AppRiver study of over 1,000 small business cybersecurity decision-makers, roughly one-third of them said a data breach on their company would result in damages of less than $25,000. Over 50% of these business decision-makers said they expected data breach costs to be less than $10,000. 

There has been a significant amount of study of the effects of data breaches in the last ten years, and we know a lot. One of the things we know is the average cost of a data breach event is roughly $149,000. 

Second, when it comes to known vulnerabilities, only 38% of the survey respondents said they deploy patches once they are available. This means that only a third of the SMBs are proactively securing their networks when patches become available. Knowing this, do you think cybercriminals will be more or less likely to attack SMBs? 

Third, and perhaps most alarming, is the perception of small business cybersecurity tools. 42% of the respondents believe they have equal or better technology compared to the criminals attacking them. Without knowing more about these environments, it’s difficult to challenge this claim. However, customers historically do not have state of the art hardware or software, much less the experience or human resources to manage it. 

MSPs have a tremendous opportunity to educate. SMBs are not equipped to fend off the attacks coming at them, and we all know these attacks are only going to increase. My prediction is as the attacks escalate, and the costs to repair these breaches rises, the demand for proactive managed services will also rise. 

Tags : AppRiver,cybersecurity,managed services,SMB

Post A Comment

Have questions?

We're here to help! Fill out the form below and we will get back to you as soon as possible.

Contact us

Address:

100 Europa Drive, Suite 569 | Chapel Hill, NC 27517

Phone:

1-800-672-9205

Email:

info@MSPAlliance.com

Sign Up For Our Newsletter


By submitting this form, you are consenting to receive marketing emails from: MSPAlliance, 100 Europa Drive, Chapel Hill, NC, 27517, https://www.mspalliance.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact