By Charles Weaver 

My opinion and analysis of the week’s news and events in a succinct summary format. Feel free to comment.  

The MSP Compliance Officer 

The role of the compliance officer has been around for decades, but it is something new for MSPs, especially midsize and smaller organizations. Even if your MSP practice is not to the size where you can cost justify hiring a dedicated compliance officer, this podcast does cover some of the ways you can work around that and utilize existing personnel and teams to reach your compliance goals.  

Finally, good news on MSP cyber insurance 

For a couple of years, we have been seeing rising costs for cyber insurance premiums, particularly for MSPs. This episode talks about an MSP business owner who not only was able to maintain his cyber insurance, but also reduced his premium.  

Impossible you say? Not at all. Take a listen and find out for yourself.  

49% of small medical practices do not have a cyberattack response plan 

While the title of this article may be enough to make any visit to the doctor’s office a concern, it does offer some glimmer of hope and purpose for the professional MSP market. With this much exposure in the medical community, there is no excuse for MSPs to not be reaching out and educating all their medical customers on the benefits of shoring up their cyber security defenses, including how to plan for an actual attack.  

Taking your managed services clients through a cyberattack response exercise is a fantastic way to demonstrate how much exposure they really have.  

Peer Groups, Insurance, and MSP Growth 

Now that MSPWorld is behind us, this episode reviews some of the more significant takeaways from the conference and looks to what our community will be focused on in the coming months. In particular, the creation of a new MSP peer group for MSPAlliance members, an update on the evolving role insurance is playing in our profession, and what the growth outlook is like for the upcoming year.  

Tags : cyber insurance,MSPVerse,peer groups

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