Frisco, TX, July 27, 2023

Netwrix Report: 7 in 10 Managed Service Providers (MSPs) Name Data Security and Network Security as Their Top IT Priorities for 2023

Because they are integral to their clients’ IT operations, MSPs need to secure both networks and sensitive data.

Netwrix, a cybersecurity vendor that makes data security easy, today announced additional findings for the MSP sector from its survey of more than 1,600 security and IT professionals conducted in February 2023.

According to the survey, the top IT priorities for the MSP sector are network security and data security, both of which were named by 7 in 10 MSPs.

The ultimate goal of network compromise is usually to gain access to sensitive data. If an MSP’s network is breached, the attackers can steal, destroy or encrypt its customers’ data — which could be catastrophic for the MSP’s business. To reduce risk, it is vital for MSPs to implement zero standing privilege and password security solutions, as well be ready to defend against cyberattacks with effective identity threat detection and response tools.
Dmitry Sotnikov, VP of Product Management at Netwrix

According to the survey, 61% of organizations in the MSP sector suffered a cyberattack within the last 12 months. The most common attack vectors were phishing, ransomware or another malware attack, and user account compromise.

Compromising a single MSP account can give an adversary privileged access to the systems of multiple clients, which makes MSPs a particularly lucrative target for attackers. To mitigate the risk of account compromise attacks, MSPs should implement strong password policies, strictly enforce the least privilege principle, continually audit for suspicious activity, and ensure they can respond quickly to threats.
Dirk Schrader, VP of Security Research at Netwrix

To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report.

about netwrix corporation

Netwrix is reinventing data security based on the premise that data security and identity security cannot work in isolation. The Netwrix 1Secure platform provides security teams with clear visibility into who has access to sensitive information, enabling them to safeguard those identities, strengthen data protection, and stay ahead of evolving threats. Netwrix offers a comprehensive set of solutions that protect identities and data for over 13,500 organizations globally. Netwrix AI and flexible deployment options make it easier, faster, and more economical than ever for security teams to investigate and remediate threats. Netwrix: Data security that starts with identity.

For more information, visit www.netwrix.com.

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