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  • Risk within third-party partnerships
  • Ransomware becomes problematic
  • Decision-makers turn to MSPs more often.

This monthly newsletter is designed to arm SMBs, C-Suite, and MSPs with top insights and trends shaping the cybersecurity landscape in order to protect your business. Please reach out to info@blokworx.com with questions or feedback so we can continue to make this as useful as possible.

#1: Guard against third-party cybersecurity vulnerabilities

  • Third-party partnerships and platforms are important for business. They also pose critical cybersecurity risks to protect against. US Cellular recently learned this after experiencing a breach in which hackers leveraged its CRM to view customer accounts.
  • The breach capitalized on employee ignorance to successfully scam workers into downloading malicious software that allowed cybercriminals to access customer data.

Insight: 

It’s estimated that accidental and malicious employee negligence accounts for 40% of data breaches. In this environment, companies need real-time oversight and endpoint data loss protection to prevent accidents and indifference from causing a serious cybersecurity incident.

#2: Ransomware attacks are increasingly complicated

Insight: 

This escalation makes it more difficult for companies to avoid the high cost of a ransomware attack. Unfortunately, the upfront recovery costs are just the beginning. Reputational damage makes it less likely that customers will return to your platform, and a recent study found that a ransomware attack severely damages company culture in often-irreparable ways.

#3: Decision-makers are turning to MSPs

  • Cybersecurity personnel are understandably overwhelmed and exhausted. The cost of failure has never been higher, and bad actors remain persistent and prolific. According to one survey, 65% of cybersecurity and IT workers are burned out and considering quitting their jobs.
  • At the same time, a severe talent shortage is making it difficult for companies to adequately secure their data and IT infrastructure. That’s why 83% of decision-makers are augmenting their in-house cybersecurity capacity with a managed service provider (MSP) in the next six months.

Insight: 

Cybersecurity is a serious responsibility, and it’s a priority that can’t be left up to chance. MSPs help keep your organization ahead of today’s continually-evolving and ever-expansive threat landscape.

In Other News…

1/29: 30% of SolarWinds’ victims have no connection to the company’s software

1/28: Companies and privacy advocates celebrated International Data Privacy Day

1/28: Citrix employees agree to $2.3 million settlement after a data breach

1/28: Cybercriminals made billions on identity crimes using stolen data

1/27: Data breaches and cybersecurity concerns prompted 75% of Americans to updated passwords

1/21: The amount of data breaches declined in 2020, but the number of exposed records soared