MSP Growth Opportunities Abound in Cybersecurity for Small Businesses

Posted: May 23, 2019 / Author: Keren

The Senate Small Business Committee advanced a highly anticipated cybersecurity bill in March to bolster small businesses in the face of growing cyber threats, a step forward in the cybersecurity skirmishes. And with good reason. News of two events with major implications for small businesses – the breach of Microsoft email accounts and the state of China’s continuous cyberattacks on U.S. companies — broke recently, underscoring the depths to which attackers are willing to go. These attacks should come as no surprise; if anything, the stories reaffirm the need for small businesses to have a cybersecurity plan in place.

Due primarily to budget and internal bandwidth, many small businesses have historically turned to managed service providers (MSPs) to help oversee technology implementation and management. For the most part, these relationships have proven mutually beneficial, as SMBs are able to generate a technological competitive edge at an affordable cost while MSPs enjoy decent margins on setup and maintenance. But, of late, the MSP-end-user relationship appears to have hit a point of conflict, as small businesses find themselves increasingly at risk of cyberattack and questioning whether or not they’re adequately protected.

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