Cybersecurity is an issue that’s becoming more and more difficult for SMBs to manage on their own. As a result, MSPs are on the rise. Data from Canalys indicates that the cybersecurity managed services business grew by 18% in 2021, driven by the combination of the increasing sophistication of cyber threats and the shortage of dedicated cybersecurity personnel, which makes the situation unscalable for SMBs and midsize companies who often hire an external MSP to help solve these issues.

Unpatched software vulnerabilities continue to be the most widely used attack vector. There are several factors behind this: SMBs are implementing new software applications in their infrastructure more than ever to simplify business operations and be more efficient. But this reality is changing their organizational landscape, adding more complexity to their security posture.

Cybercriminals are increasingly agile and organized – exploiting new technologies and tailoring attacks. The increasing complexity of cyber threats has driven the trend toward outsourcing one or more of an organization’s security operations.

The theme of this year’s Cybersecurity Awareness Month theme – “See Yourself in Cyber” – focuses on how both individuals and organizations can better protect themselves from cybercrime. One of the most important steps we can all take is learning to recognize and report phishing attempts.