The Privileged Access Management Landscape for MSPs
The article discusses how the evolving SMB cybersecurity landscape, marked by increased threats from compromised credentials despite widespread use of EDR, XDR, and MDR solutions, is driving IT businesses to grow by adopting flexible service models and emphasizes that IT teams optimizing privileged access management through automation and integration are best positioned to mitigate risks and comply with changing frameworks.
SMB Cybersecurity Landscape
With EDR, XDR, and MDR solutions becoming the norm, threat actors have evolved beyond the traditional attack surfaces of compromising specific endpoints, servers, or cloud workloads. While these attacks haven’t stopped—ransomware and business email compromise remain the two leading attack vectors, according to NetDiligence—cyber criminals have expanded their focus to a more vulnerable attack sector: compromised, stale, and reused credentials.
Key Findings and Takeaways
The Cyber Landscape is Growing Exponentially
Despite (or perhaps because) of the challenges SMB customers face today, IT businesses are growing steadily in the face of economic headwinds. Researchers believe that these businesses that have survived and thrived in this landscape demonstrated flexibility and ability to drive efficiency with their offering, whether by offering co-managed IT for their clients or by adopting more flexible payment terms.
Privileged Access, Identity, & Recommendations
IT teams that focus on optimizing their ROI from their existing solutions with automations or integrations between existing tools will be more prepared to assess their cyber risks and prepare for changes to compliance frameworks or best practices. Specifically, teams with the technology to manage privileged access without expanding attack surfaces will be best-positioned.
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