Cybercriminals are using MSPs’ own internal tools against them; ransomware damage to exceed $20 billion by end of year — as per the Acronis Cyberthreats Report 2022
Acronis, the global leader in cyber protection, starts its #CyberFit Summit Dubai — the third stop in the Acronis World Tour, an ongoing industry event series dedicated to bringing cyber protection to businesses everywhere. Marking the start of the event, the company has released its annual Acronis Cyberthreats Report 2022, an in-depth review of cybersecurity trends and threats worldwide. The report warns that managed service providers (MSPs) are particularly at risk — having more of their own management tools, such as PSA or RMM, used against them by cybercriminals, and thus are becoming increasingly vulnerable to supply chain attacks.
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Supply-chain attacks on MSPs are particularly devastating, since attackers gain access to both their business and clients — as seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means crippling hundreds or thousands of SMBs. The report also shows that during the second half of 2021, only 20% of companies reported not having been attacked — as opposed to 32% last year — indicating that attacks are increasing in frequency across the board.
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“The cybercrime industry is a well-oiled machine, using cloud and machine intelligence to scale and automate their operations. While the threat landscape continues to grow, we see that the main attack vectors stay the same — and they still work,” says Candid Wuest, Acronis VP of Cyber Protection Research. “While the attack surface is growing and 2022 will surely bring us surprises, cyber protection automation remains the only path to greater security, reduced risks, lower costs, and improved efficiency.”
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