31% of the MSPs that spotted an attack report
losing a competitive edge compared to 20% across other industries
surveyed.
FRISCO, Texas, July 9, 2024 /PRNewswire/ -- Netwrix, a
vendor that delivers effective and accessible cybersecurity to any
organization, today released additional findings for the
managed service providers (MSP) sector from its annual 2024 Hybrid
Security Trends Report based on a global survey of 1,309 IT
and security professionals.
It reveals that 76% of MSPs spotted a cyberattack on their
infrastructure within the last 12 months, similar to the results
among organizations overall (79%). Among those that were attacked,
every second MSP (51%) had to deal with unplanned expenses to fix
the security gaps. Moreover, 31% experienced a loss of competitive
edge, and 27% faced compliance fines compared to 20% and 17% across
other verticals.
For the MSP sector, each second security incident in the cloud
(49%) was associated with user account compromise, while 46% of
attacks on premises were ransomware or other malware attacks. In
contrast, these types of attacks were less common among other
industries.
"Our team has had significant success in handling user account
compromises and ransomware attacks using Netwrix 1Secure," says
Rory Cooksey, Director of Growth at
WheelHouse IT. "Its robust monitoring and alerting capabilities
allow us to detect and respond to threats swiftly, ensuring minimal
disruption to our clients' operations. The comprehensive visibility
and control provided by 1Secure empower us to confidently address
and mitigate these security challenges, maintaining the highest
level of protection for our clients."
"MSPs largely rely on software-as-a-service (SaaS),
platform-as-a-service (PaaS), and infrastructure-as-a-service
(IaaS) solutions. These are usually accessible to both MSPs and
their clients, significantly limiting the implementation of
network-based restrictions like IP address filters. As a result,
attackers target such cloud-based solutions because they might be
easier to infiltrate, and one successful breach gives keys to many
kingdoms," says Dirk Schrader, VP of
Security Research at Netwrix.
"The service provider is a promising target for ransomware
gangs. On one hand, MSPs can hardly afford downtime and would be
more eager to have the operations back up and running, which
increases the chances for ransom payout. On the other hand,
breaching a service provider can be just a step toward the real
target in a supply chain attack. MSPs should adequately assess the
risks and rely on threat intelligence to make their security
decisions," says Ilia Sotnikov,
Security Strategist at Netwrix.
About Netwrix
Netwrix champions cybersecurity to ensure a brighter digital
future for any organization. Netwrix's innovative solutions
safeguard data, identities, and infrastructure reducing both the
risk and impact of a breach for more than 13,500 organizations
across 100+ countries. Netwrix empowers security professionals to
face digital threats with confidence by enabling them to identify
and protect sensitive data as well as to detect, respond to, and
recover from attacks.
For more information, visit www.netwrix.com.
CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com
Logo -
https://mma.prnewswire.com/media/631922/Netwrix_Corporation_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/51-of-cyberattacks-in-the-managed-service-provider-msp-sector-lead-to-unplanned-expenses-to-fix-security-gaps-302192045.html