November 20, 2020
Ransomware Continues to Bypass MSPs’ Efforts; Here’s How BCDR Can Help
Every year, we survey our managed service provider (MSP) partners for our Global State of the Channel Ransomware Report to uncover their views on the cyber security landscape. This year, MSPs told us that ransomware continues to be the top malware threat to their small and medium business (SMB) clients. While MSPs have stepped up their efforts to prevent ransomware attacks, they’ve found that a single solution as the first line of defence is ineffective against today’s sophisticated and complex attacks.
Despite 50% of SMB clients increasing their security spending, MSPs reported that ransomware averted cyber security efforts, including employee education, antivirus, email filtering, pop-up blockers, and endpoint detection solutions. Of them, 50% said ransomware averted antivirus/anti-malware solutions.
When asked about which antivirus/anti-malware solutions specifically, MSPs said:
- Anti-malware filtering (email-based, network-based, and web-based): 59%
- Legacy signature-based antivirus: 42%
- Endpoint detection and response: 24%
- NextGen antivirus: 12%
Ransomware is able to get around these solutions because the cybercriminals frequently modify their malware to avoid detection. What’s worse, the social engineering tactics that criminals use to lure victims in have become very sophisticated and hard to detect—even with security education.
That’s why a multi-layered approach to ransomware that includes business continuity and disaster recovery (BCDR) is so important. Security software and training are essential to prevent attacks before they happen. BCDR tools enable organisations to resume normal operations quickly if security measures fail by virtualising an SMB’s environment.
MSPs rank BCDR to be most effective against attacks and 91% of MSPs said that clients with BCDR solutions in place are less likely to experience significant downtime.
Learn more about MSP-centric BCDR here.