Managed service providers (MSPs) are facing a heightened threat of cyber attacks and have been urged to re-evaluate security processes and contractual commitments with customers.
A joint report by cyber security authorities in Australia and New Zealand, alongside the United States, United Kingdom and Canada, otherwise known as Five Eyes, has warned of the increased threat to MSPs due to their access to multiple customer networks and sensitive data.
Indeed, a 2020 report by Cylance (now Blackberry), said MSPs were hot property for cyber criminals seeking a larger net of companies to attack. Worryingly, the attackers were found to be choosing ransomware as their attack method of choice. In the new joint report from Five Eyes, MSPs were alerted to the “cascading” risk of attacks within an IT supply chain, as seen in last year’s attack on Kaseya’s VSA product.
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