Average Cyberattack Cost Tops $1 Million: What It Means for MSPs

Are you prepared for a $1 million cyberattack?

Cyberattacks are getting nastier and more expensive, with the average cost now topping a whopping $1 million. This is bad news for businesses of all sizes, but especially for MSPs who have to be the shield for their customers.

Here’s the reality check:

  • Attacks are frequent: 21% of businesses report daily attacks, and 78% experience service disruptions or outages.
  • They’re costly: The average attack costs over $1 million, impacting operations, productivity, and customer trust.
  • Many are unprepared: A shocking 34% of businesses lack a cybersecurity emergency plan.

So, what’s an MSP to do?

  • Prioritize advanced security: Businesses are actively investing in newer, more effective solutions. Can you offer them?
  • Go beyond tech: Security is about processes and people too. Can you provide holistic solutions?
  • Be ready to answer the tough questions: How will you protect your customers? Can you offer immediate detection, response, and backup?

This is a new era for cybersecurity, and MSPs are on the front lines. It’s time to step up, adapt, and protect your customers from this ever-growing threat.

Want to dive deeper and discover actionable strategies? Read the full article in Channel Futures.

Don’t wait until it’s too late. Secure your business and your clients’ futures today!