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Check Out Our Special Report On Cybersecurity

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Cybersecurity Strategies For MSPs In 2023

12 Nov 2024

Cybersecurity Strategies For MSPs In 2023
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Summary is AI-generated, newsdesk-reviewed
  • MSPs face rising supply chain attacks, risking USD 80.6 billion costs by 2026.
  • PSA, RMM, and IT documentation tools crucial for MSP efficiency and client safety.
  • SaaS Alerts enhance MSP cybersecurity with real-time monitoring of internal tools and behaviors.

Managed service providers (MSPs) face numerous challenges in juggling IT support roles for their clients. With a focus on providing expertise and customer service, cybersecurity often takes a backseat, creating potential risks for the business. The 2023 MSP Threat Report highlights an increase in supply chain and critical infrastructure attacks targeting MSPs, escalating the need for robust cybersecurity measures.

Software Supply Chain Attacks

Projected to cost businesses around USD 80.6 billion by 2026, software supply chain attacks pose significant threats to organizations. In these attacks, cybercriminals compromise the tools forming the backbone of an organization’s supply chain. When MSP tools are infiltrated, malware can spread across the systems of their managed clients.

Key Internal Tools for MSPs

According to Okta, organizations use an average of 89 applications, with larger companies utilizing up to 187. MSPs typically rely on professional services automation (PSA), remote monitoring and management (RMM), and IT documentation tools. Understanding these tools is crucial for managing and safeguarding client operations.

PSA Tools

PSA tools automate business processes, manage client engagements, and facilitate billing. Key features include customer relationship management, a ticketing system, time tracking, billing assistance, and comprehensive management of client interactions.

RMM Tools

RMM tools streamline the update processes for operating systems and applications, offering remote troubleshooting and continuous system monitoring. Core features include remote control, monitoring alerts, patch management, security oversight, and automation of routine tasks.

IT Documentation Tools

These tools maintain up-to-date information on client IT environments, offering network documentation, configuration management, procedure documentation, change tracking, and an asset inventory along with device and admin password management.

Importance of Protecting MSP Software

Monitoring internal tools is critical for MSP security to prevent exposure of sensitive client data and unauthorized access to systems. Safeguarding these tools helps in several ways:

  1. Safeguard Sensitive Client Information: Preventing unauthorized access mitigates risks of cyber threats that leverage compromised information.
  2. Avoid Workflow Disruptions: Securing IT documentation tools prevents data breaches, maintaining business continuity and service delivery.
  3. Ensure Business Continuity: Protecting tools from unauthorized control averts potential business-ending events for both the MSP and its clients.
  4. Comply with Regulations: Adhering to regulations prevents legal and financial penalties linked to data breaches.
  5. Prevent Unauthorized Changes: Secure PSA tools prevent malicious alterations that could result in financial loss.
  6. Maintain Data Integrity: Protecting RMM tools ensures the integrity of client system configurations.

Strategies to Protect MSP Tools from Supply Chain Attacks

MSPs can adopt the following strategies to mitigate risks associated with supply chain attacks:

  • Secure Development Practices: Regularly update tools with patches and vendor releases to close security gaps.
  • Access Controls and Authentication: Use role-based access control and IP whitelisting to restrict tool access according to job roles.
  • Regular Security Audits: Conduct ongoing audits to identify vulnerabilities and enhance tool security.
  • Network Monitoring: Continually monitor network activities to detect and address unusual patterns swiftly.

An Exclusive Solution for MSP Security

SaaS Alerts offers a distinct solution for enhancing MSP cybersecurity. The platform's logging and analysis capabilities give MSPs valuable insights into their PSA, RMM, and IT documentation tools, providing alerts for high-risk behavior to avert potential cybersecurity incidents quickly.

Stay ahead of the trends on securing physical access control systems through layered cybersecurity practices.

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For managed service providers (MSPs), navigating the different aspects of IT support for clients is a constant juggling act. From being a subject matter expert to providing constant customer service, every facet demands attention to retain clients.

With the plate nearly full of these key functions, cybersecurity for MSP often takes a backseat, which can put the entire business at risk. After all, the 2023 MSP Threat Report reveals a rising risk of supply chain and critical infrastructure attacks targeting MSPs.

Software chain attacks

Businesses are expected to incur nearly USD 80.6 billion in costs from software supply chain attacks

By 2026, businesses are expected to incur nearly USD 80.6 billion in costs from software supply chain attacks. In these attacks, cybercriminals target and compromise the software, hardware or services that make up the supply chain of an organization. 

If attackers compromise the tools used by the MSP, they can propagate malware to the systems of various clients managed by the MSP. 

Overview of top internal tools for MSPs

According to Okta, on average, organizations use 89 apps and larger companies use 187 applications. When it comes to MSPs, the most common tech stack includes professional services automation (PSA), remote monitoring and management (RMM) and IT documentation tools.

Let’s break down the role of these MSP management tools:

1. PSA Tools

PSA tools streamline and automate various business processes within an MSP organization. They help manage the entire lifecycle of client engagement, from initial contact and sales through to ongoing support and invoicing.

The key features of PSA tools for MSPs include:

  • Customer relationship management (CRM): Maintains client information, communication history and sales opportunities.
  • Ticketing system: Documents service requests or tickets, keeping a detailed history of each user at a customer’s organization.
  • Time tracking: Tracks the hours technicians spend on specific service issues, helping with billing and providing insights into each customer’s return on investment (ROI).
  • Billing assistance: Exports data to billing packages or serves as billing platforms themselves.
  • Overall management tool: Monitors interactions with individual users, tracking productivity and assessing the overall efficiency of the MSP.

2. RMM Tools

RMM tools enable MSPs to efficiently update operating systems, applications, antivirus and anti-malware software across all customer environments without the need for manual on-site visits. They provide continuous visibility into the health and performance of devices, networks and applications, allowing proactive maintenance and issue resolution.

Important features of a RMM tool for MSPs include:

  • Remote control: Allows technicians to access devices and troubleshoot issues remotely.
  • Monitoring and alerts: Monitors system health and generates alerts for potential issues.
  • Patch management: Ensures that operating systems and software are up-to-date with the latest patches.
  • Antivirus and security management: Manages security software and monitors for potential cyber threats.
  • Automation: Automates routine tasks and maintenance activities to improve efficiency.

3. IT Documentation Tools

IT documentation tools are crucial for maintaining accurate and up-to-date information about clients’ IT environments. They serve as a centralized repository for technical details, configurations, and procedures.

Key features include:·         

    • Network documentation: Records information about devices, configurations, and network topology.
    • Configuration management: Documents software configurations, settings, and license information.
    • Documentation of procedures: Stores standard operating procedures (SOPs) and best practices.
    • Change management: Tracks changes made to the IT infrastructure over time.
    • Asset inventory: Maintains a comprehensive inventory of hardware and software assets.
    • Device and admin passwords: Maintains important passwords necessary to access customer devices, SaaS application management accounts, or remote backup accounts.

These three types of managed service provider tools are often integrated to create a seamless workflow. For example, an alert created in the RMM system might trigger a ticket in the PSA system for remote troubleshooting. Then, the documentation tool is checked for the specific system names, credentials, and specific configuration information.

Top reasons to protect internal MSP software tools

Monitoring internal tools is essential for MSP security, as a compromise could potentially expose sensitive information of customers and provide access to all client systems.

By protecting the internal MSP tools, they can better:

1. Safeguard Sensitive Client Information 

Securing the own tech stack prevents unauthorized access to sensitive client information within PSA, RMM, and IT documentation tools. A security breach may expose the MSP to an increased risk of cyber attacks, including targeted brute force attacks or phishing attempts aimed at exploiting the compromised information.

2. Avoid Workflow Disruptions

IT documentation tools store the intellectual property of an MSP, including client network designs, credentials, configurations, and procedures. If this information becomes compromised, the MSP may need to dedicate resources to investigate and mitigate data breaches. This threat leads to disruptions in regular business operations and impacts the delivery of services to clients.

3. Ensure Business Continuity 

Unauthorized access to internal MSP tools grants bad actors control over every facet of the MSP’s operations, such as client networks, managed end-user devices, and SaaS apps. It could result in a business-ending event for the MSP and depending on the attack’s severity, clients may also face significant consequences. Safeguarding these tools becomes paramount to prevent catastrophic outcomes and ensure the business continuity of both the MSP and its clients.

4. Comply with Regulations

Regulatory compliance, particularly in industries like healthcare and finance, requires a high level of data protection and privacy. Unauthorized access to client data through compromised PSA, RMM, or IT documentation tools could lead to violations of these regulations, resulting in legal consequences and financial penalties.

5. Prevent Unauthorized Changes

Unauthorized access to PSA tools leads to unauthorized changes in service contracts or billing details. For example, a malicious actor might alter service agreements, change billing rates, or manipulate financial records. Such changes result in financial loss for both the MSP and its clients. Clients may be billed incorrectly, leading to disputes and a loss of trust.

6. Maintain Data Integrity

The automated processes of RMM tools directly impact the configuration and performance of client systems; however, unauthorized access to these tools poses a risk of unintended changes, compromising the integrity of data and system configurations.

How to Protect MSP Tools from Supply Chain Attacks 

Here are the top four strategies to mitigate supply chain attacks:

  1. Secure software development practices: Keep PSA, RMM, and IT documentation tools up-to-date by promptly applying patches and updates released by vendors to address security vulnerabilities.
  2. Access controls and authentication: Implement role-based access control (RBAC) and IP whitelisting to restrict access to PSA, RMM, and IT documentation tools based on job roles. This approach makes it more difficult for unauthorized users to gain access.
  3. Regular security audits: Conduct regular security audits and assessments of MSP tools to identify vulnerabilities and areas for improvement.
  4. Monitoring: Continuously monitor network activities to detect unusual patterns within the tools and swiftly respond by isolating the affected components.

Exclusive solution for protecting MSP internal tools

SaaS Alerts stands as the sole platform to help differentiate the MSP by supercharging its own cybersecurity. The robust logging and log analysis features provide valuable insights into the internal tools as well as the clients’ SaaS applications.

With the continuous monitoring and alerting capabilities, they get visibility into PSA, RMM and IT documentation tools, so they’re alerted of any unusual, high-risk behavior and can take action quickly to prevent a possible cybersecurity disaster.

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Keep your clients secure with top cybersecurity strategies for MSPs. Learn essential tips to safeguard your tech stack, protect sensitive data, and ensure business continuity in 2023's evolving threat landscape.

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