The cybersecurity landscape has evolved dramatically, placing IT managers under pressure to adapt. A 168% rise in evasive malware detected by WatchGuard in Q2 2024 underscores this shift, with threat actors following behavioral patterns and adopting attack techniques that become popular and dominate in waves.

With cybersecurity threats on the rise, regulatory bodies are taking robust measures to secure essential infrastructure. The European Union’s introduction of the NIS2 Directive marks a significant step in this direction, aiming to fortify the defenses of critical sectors across Europe. Managed Service Providers (MSPs) play a pivotal role in safeguarding networks and information systems, and the new NIS2 requirements underscore the heightened responsibilities they face.

For eight consecutive years, MSSP Alert has named Trustwave as one of the Top 10 Managed Security Services Providers worldwide. Trustwave placed 10th on MSSP's 2024 Top 250 MSSP list, indicating the company's status as a leading provider of managed security services.

Incident reporting is a crucial component of maintaining cybersecurity and operational resilience across the European Union. As outlined in Article 23 of the NIS2 Directive entities falling under its scope are required to report “significant incidents” to the CSIRT (Computer Security Incident Response Team or the relevant competent authority without undue delay.

Sales and marketing are common challenges for MSPs. In fact, 24% of MSPs say acquiring new clients is their number one problem. 29% say it’s competition. As an MSP, getting your name out there and differentiating yourself is a constant challenge. Most MSPs start out with word-of-mouth marketing, which works great — until it doesn’t. Referral-based marketing is limited in scope. Before long, you’ll find yourself faced with diminishing returns. So, what’s next?

Cybercrime is as lucrative as ever, generating millions in illicit revenues for threat actors. Between 2021 and 2023, global data breaches rose by 72%, breaking all previous records. Meanwhile, data breach costs continue to rise. The average cost of an enterprise data breach in 2024 is $4.88 million — another all-time high. This puts managed service providers (MSPs) in a tight position. Cyber liability insurance can help reduce exposure to steep losses associated with cyberattacks.

The managed service provider (MSP) landscape is experiencing rapid evolution as businesses increasingly rely on external IT support. To gain valuable insights into the industry’s current state, we interviewed Bill Hammelman of CCP Tech and Bill Hughes of Weehooey as part of the JumpCloud Partner Success Interview series. This blog post delves into common trends and challenges faced by MSPs based on their expertise.

The demand for robust security, transparency, and accountability is at an all-time high, and many businesses are relying on managed service providers (MSPs) to manage their IT infrastructure, ensure data security, or provide seamless operational support. Concurrently, MSPs must continuously innovate and differentiate their offerings to meet the growing needs of businesses.

Multi-factor authentication (MFA) provides clear value to organizations pursuing cybersecurity initiatives. It provides effective identity security and dramatically reduces the risk associated with credential-based attacks and malicious insiders. However, implementing MFA consistently across the enterprise tech stack is not always easy. It’s an even bigger challenge for managed service providers (MSPs) who need to adopt different policies across a portfolio of client organizations under management.