News Insights: Cloud Hosting Provider DataResolution.net Battling Christmas Eve Ransomware Attack — Krebs on Security

News Insights: According to Brian Downey Senior Director of Product Management at Continuum:

“The ransomware attack on Data Resolution should leave other MSPs with no doubt: the channel is now the target for cybercriminals. Gaining access into an MSP’s service network can provide access to the individual customers they serve. Just two weeks ago we saw that law enforcement has identified the threat from organized cyber attackers and we now have the first public reports of an MSP getting hit.

The implications for MSPs are significant. End-clients will be asking their providers if their businesses are safe, if they are at risk, and what steps the MSP is taking to prevent a similar attack. If an MSP cannot confidently answer these questions in detail, they risk losing their clients to a provider who can. The liabilities to the MSP are becoming existential.

Make no mistake: this new attack proves that cybercriminals know the money is in attacking small businesses through their MSPs. Those MSPs need to have the tools and the knowledge to deal with this new threat, not only to their clients but to their own businesses.”

 
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