Cyberattacks are growing more frequent, complex, and costly. As a result, many companies, particularly resource-strapped small and medium-sized businesses (SMBs) are turning to their managed service providers (MSPs) for help. According to the 2020 MSP Benchmark Survey by Kaseya, 95% of MSPs have had clients approach them about cybersecurity plans and best practices, and two-third say that their clients are struggling to meet compliance requirements, such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR).
The survey was completed in December 2019, just prior to the COVID-19 pandemic. According to ChannelE2E, the report predicts that the pandemic will accelerate demand for cybersecurity and compliance services as companies expand their remote-work infrastructures.
MSPs have their own security issues
MSPs cannot protect their clients if they can’t protect themselves. According to the report, 37% of MSPs said that they felt their companies were more prone to cybercrime now than they were a year ago
By breaching a single MSP, cybercriminals can gain entry into dozens, even hundreds of other businesses. CPO Magazine reports that a cybercrime group compromised confidential data belonging to NASA and multiple Fortune 100 companies by breaching a Maryland-based managed services provider.
Password management is the foundation of cybersecurity
Since over 80% of successful data breaches are caused by stolen or compromised passwords, no security solutions suite is complete without comprehensive password management, and password security is an area that businesses struggle with, especially smaller organizations.
The Ponemon Institute’s 2019 Global State of Cybersecurity in Small and Medium-Sized Businesses, commissioned by Keeper Security, found that SMBs top two pain points were employee passwords being stolen or compromised (70%) and weak passwords (61%). Over half (54%) of SMBs have no visibility into employee password practices, and 50% have no policy on employee password use. Of those that do have a password policy, only 32% strictly enforce it and require the use of a password manager.
Secure your clients’ systems and your own with KeeperMSP
KeeperMSP is a powerful, affordable, easy-to-use platform designed to fit the unique needs of MSPs, who need to be able to manage all of their clients’ login credentials from one central dashboard. MSPs store both their internal data and their clients’ data in secure, encrypted digital vaults, then independently provision, manage, and monitor multiple customers from a central admin dashboard.
KeeperMSP provides MSPs with complete visibility into end-users’ password habits, with robust reporting and auditing tools to enforce security and compliance requirements, including role-based access control (RBAC), 2FA, SIEM event reporting, and regulatory and industry compliance with CCPA, HIPAA, GDPR, and other standards.
Whether your MSP already offers a full suite of managed security services or doesn’t know where to start, Keeper MSP will help you attract new customers, retain existing ones, generate incremental revenue, and bolster your company’s trusted advisor status.
Not a KeeperMSP customer yet? Sign up for your free trial of KeeperMSP today! Want to find out more about how KeeperMSP can help secure and grow your business? Reach out to our team today, or visit Keeper Security’s virtual booth at the IT Nation Explore virtual event from June 23-26, 2020, where you can schedule a KeeperMSP demo and be entered to win a pair of Apple AirPod Pros!