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 champions cybersecurity to ensure a brighter digital future for any organization. Netwrix's innovative solutions safeguard data, identities, and infrastructure reducing both the risk and impact of a breach for more than 13,500 organizations across 100+ countries. Netwrix empowers security professionals to face digital threats with confidence by enabling them to identify and protect sensitive data as well as to detect, respond to, and recover from attacks.

For more information, visit www.netwrix.com.

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