As a Managed Service Provider (MSP), your customers are constantly at risk from cyber attacks. Cyber criminals are increasingly targeting small- and medium-sized businesses (SMBs) to avoid government scrutiny and because they often make easier targets. With the proliferation of ransomware-as-a-service, attacks have skyrocketed to the point where 82% of ransomware attacks target SMBs. Moreover, as an MSP, you could even be the attack vector. Remote management and monitoring software platforms are increasingly the target for hackers looking to improve their hit ratio by hijacking your privileged access to many businesses.
It’s no wonder, then, that 52% of MSP clients cite security as their top problem—and one place they are likely to turn to for help is you. Offering managed security services opens up significant opportunities for business growth. Valued at $23.19 billion in 2021, the managed security services market is expected to reach $56.6 billion by 2027, at a compound annual growth rate of 16.11%. That’s a significantly higher growth rate than the 10% MSPs are seeing.
This whitepaper lays out the real requirements for a SOC, and proposes a practical, affordable way to get the targeted, tailored protection your specific business needs without breaking the bank.