One of the most critical objectives for an MSP is to simply help keep their clients safe. From 2013 to 2017, 85% of the cyber insurance claims were filed from smaller organizations. Furthermore, it’s been recently shown that around 60% of SMBs go belly up after a cyber attack. For many MSPs, protecting their clients means focusing on a number of security aspects, including network security and endpoint protection. Since the number one threat to organizations has become compromised identities, cloud identity security for MSPs is now arguably the most critical area of security to direct resources.
How Identities Fell into the Crosshairs
Protecting IT networks has changed dramatically over time. In the beginning, cyber threats arrived in the form of malware and viruses distributed by email attachments. These eventually turned into brute force attacks on networks, and now, they’ve shifted again into a sophisticated, multi-faceted operation for harvesting identities and credentials. Compromising the right identity is as good as gold to a hacker, because they know it’s the fastest way past defenses to retrieve valuable, digital assets.
Thankfully, smart MSPs know this too, and that’s why they are protecting their clients from identity compromises. In 2018, 47% of SMBs cite that they have no understanding of how to protect against cyber attacks. This has become a real issue for growing businesses, and outsourcing their IT security to MSPs has become a common solution. For MSPs, there’s a lot of business to look forward to as the managed security services market is expected to grow to more than $40 billion by 2022.
Changing Security for the Better
Any identity security strategy effectively revolves around the core of the identity management architecture, aka the directory service. If you haven’t noticed, for over two decades running, the identity provider market has been dominated by one solution in particular: Microsoft® Active Directory®. As a result of this market share stronghold, Windows® Servers using Active Directory have generated in billions in revenue.
While this success is naturally greeted with open arms from Microsoft, it presents quite the challenge for (Read more...)
*** This is a Security Bloggers Network syndicated blog from Blog – JumpCloud authored by George Lattimore. Read the original post at: https://jumpcloud.com/blog/msps-cloud-identity-security/