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Begin from the Endpoint: Why MSPs Need to Implement Device Posture Checks [Complete Guide]

Main Takeaways:

  • Enhance Security with Device Posture Checks: Understand the importance of device posture checks in securing endpoints and preventing unauthorized access.
  • Manage Unmanaged Devices and BYOD: Learn how to handle the challenges of Bring Your Own Device (BYOD) policies and the surge in unmanaged devices.
  • Regulatory Compliance and Preventive Measures: Discover how device posture checks aid in regulatory compliance and act as a preventive measure against data breaches.

As the world continues to go digital, the number of devices accessing corporate networks has surged dramatically. MSPs are tasked with securing not just corporate-issued devices but also personal devices used by employees and executives. A startling statistic reveals that 97% of executives access work accounts on their personal devices, introducing numerous vulnerabilities.

The challenge for MSPs is substantial: how to protect sensitive information on devices that may not be visible or directly controllable. This blog delves into the crucial role of device posture checks in fortifying security, especially in an era where remote work and Bring Your Own Device (BYOD) policies are prevalent. We will explore how these checks function, their benefits, and their application in enhancing overall cybersecurity.

How many devices are you responsible for securing? 

Probably a lot more than you would think, and not just limited to employees. 

A recent report found that 97% of executives access work accounts on personal devices.

But how can you protect what you don’t know or can’t keep track of on personal devices that access the corporate network from an unsecured endpoint? 

In this blog, we’ll explore the most vulnerable points of entry for attackers, the—endpoints, and how device posture checks can help add a security shield against these threats.

What is a Device Posture Check?

A device posture check (DPC) is a security assessment process that evaluates the current state and health of a device to determine if it complies with security policies.

Device posture checks enable you to define security rules before granting access to any sensitive resources. A DPC can also help you identify unknown devices in the network by assessing their configurations and if any suspicious behavior has been detected. 

Device posture checks are essential for securing remote access beyond the traditional office perimeter, where sensitive data resides in the cloud.  

Research found that more than 40% of data breaches can be traced back to unsecured endpoints. Without visibility into device health and device posture, an organization leaves many points of entry readily accessible for an attack. 

Managing Unmanaged Devices and BYOD in the Cloud

Access management is a complex never-ending security game. 

Data taken from a recent study found that the average enterprise has more than 1,000 SaaS apps, with 17% of those being rogue apps that are not managed by IT. 

But how you can secure what isn’t visible on the surface? 

Access permissions that haven’t been revoked can cause you a lot of trouble down the line. This applies to employees no longer with the organization or third-party contracts that either weren’t renewed or terminated altogether.  

BYOD usage exploded during the pandemic but has made remote security a prime concern for IT professionals. Despite the growing concerns, many companies have still not fully adopted BYOD policies. An IT report found that 47% of companies allow employees to access their resources on unmanaged devices. 

Think that’s bad? 

Now, factor in the sheer volume of unmanaged devices in an enterprise and the number of potentially compromised endpoints, and you have a lot to worry about. Without establishing defined policies and access segmentation, every endpoint becomes a prime target for a data breach.

And it gets even worse. 

Consider the number of stale user accounts and credentials floating around public cloud environments, just waiting to be exploited. This means that any endpoint can be breached at any given moment. We’re not even talking about the constant battle of updating the latest OS configurations and critical updates that need to be installed.  

Implementing strong authentication mechanisms such as MFA helps as a proactive measure but it doesn’t fully mitigate the risks associated with unmanaged devices and compromised endpoints. 

That’s where a DPC comes into the security picture. 

Device Posture Checks Use Cases 

Device posture checks can benefit organizations in several ways. 

  • Improve Regulatory Compliance: Protecting sensitive data is a top priority. Compliance penalties are quite expensive too. Device posture checks help ensure that all devices accessing the corporate network meet established security standards and comply with regulatory requirements. A DPC enables you to block access for untrusted devices and accounts by enforcing security policies and rules. Compliance becomes a more streamlined process when you know which devices have been authenticated. A DPC can also check device compliance over time to keep up with an infinite number of new devices and users that are added to the network daily. 
  • Prevent Unauthorized Access: Not every device should be granted access to the corporate network. Sounds fairly obvious, right? Not quite. MSPs are responsible for managing multiple enterprise clients who might enlist dozens of third-party admins to grant access permissions to users. But, what happens when an employee leaves the organization and their access hasn’t been revoked? Or a third party who’s contract has been terminated, yet still has access to shared Drive folders? Device posture checks enable you to limit access to employees and third-party contractors entirely based on user roles and permission sets. By the way, it pays to invest in cyber insurance coverage too. Having cyber insurance can help protect you from liability in a breach dispute and is highly recommended for all MSP and small business owners.
  • BYOD (Bring Your Own Device) Management: The pandemic helped fuel the work from home and anywhere remote model. Employees began using their personal devices to connect to the corporate network but also to visit potentially dangerous websites loaded with malware. That “anti-virus update” they accidentally installed could lead to a massive breach and trickle further if weak passwords and company accounts are left open. This shift to BYOD ushered in a new wave of remote cyber threats that range from man-in-the-middle (MITM) attacks to advanced phishing attacks and Ransomware as a Service (RaaS). Device posture checks provide you with the tools to enforce BYOD security policies and ensure that only secure devices are permitted to access the network. 

Endpoint Secured: Prevent Common Device Threats with Guardz 

Security begins at the endpoint. 

Guardz provides complete device posture checks and managed device protection as part of a comprehensive Endpoint Security solution. The Guardz platform detects outdated operating systems (OS) and continuously monitors endpoints to prevent common threats. Map device resources and enforce security policies companywide. 

Provide your clients with the assurance they need, whether you’re securing BYOD for remote workers in the cloud or on-prem. Leave no device or endpoint vulnerable to an attack. Secure your endpoints with Guardz. Get a demo today to learn more.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Secure and manage all your devices running on any operating system from a unified dashboard with Scalefusion.

Optimize Your Security Offering with Guardz Latest Product Updates

Awareness templates & Automation

We are thrilled to announce an upcoming feature that will improve the efficiency of your awareness campaign management.

What’s New? 

Configure and deploy awareness campaign templates for monthly, bi-monthly or quarterly campaigns, providing a truly “set and forget” experience.

  • Global Campaign Setup: Easily set up campaign templates for all your customers at once. You can select all companies or specific companies.
  • Default Campaigns: Start with 12 predefined monthly campaigns, which can be customized in frequency, content and language.
  • Flexible Scheduling: Choose from predefined frequencies, set start dates and manage the order of campaigns.
  • Comprehensive Tracking: Monitor the status of each campaign, including completion rates and user engagement, directly from the Awareness Page.

Business Review – Printable version

The Security Business Review is now available in its white and printable version.
You can access it by navigating to Reports -> Security Business Review -> Report History.
This option is available for newly generated reports.

CSV Export for Issue Details

What’s New?
You can now easily export detailed information for each issue, including all detections, to a CSV file. This is perfect for sharing with members who don’t have direct access to the system.

Where to Find: Within the issue drawer, a new button for exporting issue details to a CSV file was added.

In addition, issues of the same type can be exported from the issue table.

This update enhances issue tracking and resolution capabilities, providing critical information in an easily accessible format.

ServiceNow Integration

Exciting news! Guardz has now integrated with ServiceNow, bringing you a seamless way to manage security incidents. With this integration, any issue identified by Guardz can automatically create an incident in ServiceNow, ensuring your security workflows are more efficient and effective.

Setting up this integration is a breeze. You’ll be able to map customers in Guardz to those in ServiceNow, define a sync strategy, set prioritization and more to fit your workflow needs. This integration is designed to make your life easier by automating the incident creation process, allowing you to focus on what matters most—keeping your customers secure.

We’re always looking to improve and support your needs, so let us know what other integrations you’d like to see next!

Coming Soon:

Email Whitelisting for Specific File Types
We’re going to enhance email filtering to block or allow specific file types (such as WAV) per customer and add additional management options under Security Controls -> Email Protection.

Issue handling: Add ignore reason
Users can add a reason when ignoring an issue, providing evidence for compliance checks, and documenting important decisions. The “Ignore” button will open a popup to enter a timeframe and reason, and these details are included in CSV exports for better tracking and accountability.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Secure and manage all your devices running on any operating system from a unified dashboard with Scalefusion.

Amid Warren Buffet’s Dire Warning: Why Cyber Insurance is Crucial for SMBs

Key Takeaways:

  • Cyber Threats on the Rise: Small and medium businesses, are increasingly targeted by cyberattacks, making cyber insurance essential.
  • Widespread Underinsurance: Despite the rising risks, many SMBs remain underinsured or not insured at all against cyber threats.
  • Guardz’s Pioneering Solution: Guardz has launched a new offering to help secure and insure small & medium businesses against growing cybersecurity threats, making insurance accessible to previously ineligible companies.

In today’s digital world, the importance of cybersecurity cannot be overstated. Businesses of all sizes face increasingly sophisticated and frequent cyberattacks. SMBs are particularly vulnerable due to limited resources and inadequate cybersecurity measures. Despite the clear risks, many of these businesses are not adequately insured against cyber threats, leaving them exposed to potentially catastrophic losses.

Warren Buffett’s Warning: Huge Losses Looming

A stark reminder of this issue comes from Warren Buffett, who recently expressed his concerns about huge losses in the booming insurance market. In a CNBC article, it was reported that at an annual shareholder meeting, Buffett highlighted the significant financial impact of cyberattacks and the urgent need for businesses to protect themselves through comprehensive insurance policies. His warning underscores the necessity for MSPs to re-evaluate their cybersecurity strategies and ensure they have robust cyber insurance coverage to provide the adequate protection to their SMB clients.

The Rising Threat of Cyberattacks

Cybercriminals are increasingly targeting SMBs because they often have weaker security infrastructures compared to larger corporations. According to a report by the Ponemon Institute, the average cost of a data breach for SMBs is $3.9 million, a figure that can be devastating for smaller enterprises. Additionally, 60% of small businesses go out of business within six months of a cyberattack. These statistics highlight the severe financial losses, data breaches, and reputational damage that can result from a cyberattack. Businesses face legal liabilities, regulatory fines, and the costly process of restoring their operations, all of which underscore the critical need for cyber insurance.

Widespread Underinsurance

Despite the clear and present dangers, many SMBs are underinsured or not insured at all against cyber threats. The Hiscox Cyber Readiness Report 2023 found that 64% of small businesses lack cyber insurance. This lack of coverage can be attributed to several factors, including a lack of awareness about the risks, perceived high costs of insurance premiums, and a misconception that cyberattacks are only a concern for large corporations. However, the reality is that cyberattacks can affect any business, regardless of its size, and the financial fallout can be crippling.

The Role of Cyber Insurance

Cyber insurance plays a crucial role in mitigating the financial impact of cyberattacks. It provides businesses with the necessary coverage to recover from data breaches, ransomware attacks, and other cyber incidents. A comprehensive cyber insurance policy can cover various costs, including legal fees, customer notification expenses, and the cost of restoring compromised data. Additionally, cyber insurance can help businesses demonstrate compliance with regulatory requirements and build trust with their customers by showing that they are taking proactive steps to protect sensitive information.

The Challenge for SMBs

For SMBs, the challenge lies in finding the right cyber insurance policy that meets their specific needs and budget constraints. The National Cyber Security Alliance reports that 88% of small business owners feel their business is vulnerable to a cyberattack, yet many smaller businesses find it daunting to navigate the complex landscape of cyber insurance options. However, the cost of not having adequate insurance far outweighs the premiums paid for comprehensive coverage.

Guardz: A Pioneering Solution for Cyber Insuring Previously Ineligible SMBs

Recognizing the urgent need for accessible and effective cyber insurance solutions, Guardz has recently launched a pioneering offering specifically designed for SMBs. Guardz’s solution not only helps businesses secure their digital assets but also provides the necessary insurance coverage to protect against the financial fallout of cyber incidents. What sets Guardz apart is its focus on making insurance accessible to businesses that were previously ineligible due to inadequate cybersecurity measures.

Guardz’s new offering addresses the unique challenges faced by SMBs in today’s cyber threat landscape. The solution includes robust cybersecurity measures to prevent attacks and insurance coverage to mitigate the financial impact if an incident occurs. By implementing Guardz’s security solution, SMBs can meet the criteria required for cyber insurance, which was previously unattainable for many.

For more information about Guardz’s innovative solution, visit our insurance page.

Conclusion

The increasing frequency and sophistication of cyberattacks make it imperative for MSPs to invest in robust cybersecurity measures and comprehensive cyber insurance. Warren Buffett’s concerns about huge losses in the insurance market serve as a stark reminder of the financial risks posed by cyber threats. By securing adequate insurance coverage, businesses can protect themselves against the potentially devastating consequences of cyber incidents and ensure their long-term resilience and success. Guardz’s pioneering solution offers a lifeline to previously ineligible businesses, helping them secure their digital assets and obtain crucial insurance coverage.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Guardz Expands into Canada, Partners with iON United, to Secure Small & Medium Businesses

We are thrilled to announce a major milestone for Guardz as we expand our presence into the Canadian market through an exclusive partnership with iON United Inc. (iON), one of Canada’s leading cybersecurity solutions providers. This collaboration is not just a strategic move; it’s a leap forward in our mission to empower small and medium-sized businesses (SMBs) with top-tier cybersecurity solutions.

Guardz and iON: A Synergistic Partnership

Guardz and iON are coming together to launch iON Guardian, a powerful new platform designed to address the unique cybersecurity challenges faced by SMBs. This partnership leverages Guardz’s innovative, AI-powered technology with iON’s extensive local network and deep understanding of the Canadian market. “We’re excited to combine our AI-driven technology with iON’s local expertise to help create a safer digital environment for Canadian small businesses,” said Dor Eisner, CEO and Co-Founder of Guardz. “This partnership is a pivotal step forward in our mission to empower MSPs and IT professionals with innovative cybersecurity solutions.”

Why This Partnership Matters

Small businesses often struggle with limited budgets and access to technical expertise, making effective cybersecurity a daunting challenge. Recognizing this, iON Guardian offers a unified, AI-powered solution that simplifies and streamlines security operations. With nine comprehensive security controls, the platform safeguards digital assets, users, email communications, endpoints, and cloud environments—all from one platform. Kevin Banks, Chief Operating Officer at iON, highlighted the significance of this launch: “We recognize that small businesses face unique challenges, making it difficult for many to implement effective cybersecurity measures. We’re proud that this new multilayered security platform, iON Guardian, will address these challenges, providing SMBs with effective and affordable protection.”

Addressing Cybersecurity Threats in Canada

The importance of robust cybersecurity measures cannot be overstated, especially given that 40% of Canadian businesses have fallen victim to cyber-attacks. iON Guardian is designed to meet this pressing need, utilizing AI-powered incident management and remediation workflows to maintain a low total cost of ownership while providing top-tier protection. “Over the past 21 years, iON has earned the trust of Canada’s largest enterprises as a premier cybersecurity partner,” said Banks. “With the launch of iON Guardian, we are leveraging our extensive experience to better serve the cybersecurity needs of the small businesses that are essential to Canada’s economy. We are proud to equip these businesses with proactive cybersecurity measures that safeguard their digital assets, providing them with peace of mind.”

A New Era for Guardz

This expansion into Canada through our partnership with iON is a significant milestone for Guardz. It not only marks our entry into a new market but also reinforces our commitment to helping SMBs protect their digital assets against ever-evolving cyber threats. By combining our robust cybersecurity technology with iON’s local market knowledge, we are poised to make a substantial impact on the cybersecurity landscape for Canadian SMBs. As we continue to grow and expand our reach, we remain dedicated to our mission of empowering MSPs to secure and insure SMBs against threats like account compromise, phishing, ransomware, data loss, and user risks. Our unified cybersecurity platform ensures that businesses’ security is consistently monitored, managed, and optimized to prevent attacks and mitigate risks. For more information about Guardz and our innovative cybersecurity solutions, visit Guardz.

About iON United Inc.

Founded in 2003, iON United Inc. is a trusted cybersecurity solutions provider in Canada, delivering best-in-class advisory, technology, and managed services for securing IT, OT, and cloud environments. Recognized for their collaborative approach and deep market expertise, iON continues to build strong customer relationships and attract top talent in the industry. For more information, visit iON United. We are excited about this new chapter for Guardz and look forward to a successful partnership with iON United, making the digital world safer for Canadian small businesses.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Empowering MSPs: Enhancing Security, Efficiency, and Assurance for Small Businesses Through Detection and Response

Key Highlights:

  • Enhanced Security: Automatic detection and response mechanisms are crucial for MSPs to provide robust protection against evolving cyber threats.
  • Operational Efficiency: A unified cybersecurity platform can significantly improve operational efficiency for MSPs, reducing the burden of managing disparate tools.
  • Cyber Insurance: Implementing cyber insurance provides a safety net and peace of mind for both MSPs and their clients, ensuring they are protected against financial losses due to cyber-attacks.

In today’s digital landscape, small businesses are increasingly becoming targets for cyber attacks due to their often limited resources and less sophisticated security measures. MSPs play a critical role in safeguarding these businesses by implementing robust cybersecurity strategies. One of the most effective ways MSPs can enhance their cybersecurity offerings is through automatic detection and response systems.

The Challenge for MSPs

MSPs face unique challenges when managing the cybersecurity needs of multiple small business clients. Each client has different needs, varying levels of security awareness, and often limited budgets for cybersecurity solutions. This makes it essential for MSPs to adopt solutions that are not only effective but also scalable and cost-efficient.

1. Increased Cyber Threats:

Recent reports highlight the surge in cyber attacks targeting small businesses. According to a 2023 article from ZDNet, small businesses have become prime targets for ransomware attacks, phishing schemes, and other cyber threats due to their typically weaker security infrastructures (source: ZDNet). These increasing threats put pressure on MSPs to provide comprehensive and proactive security measures to protect their clients.

2. Resource Constraints:

Managing cybersecurity for multiple clients with limited resources is a significant challenge for MSPs. An article from TechRepublic notes that many MSPs struggle to balance the need for advanced cybersecurity tools with the constraints of small business budgets (source: TechRepublic). This often requires MSPs to find innovative solutions that offer maximum protection without extensive costs.

3. Regulatory Compliance:

Small businesses are subject to various regulatory requirements, such as GDPR, CCPA, and HIPAA, depending on their industry. Ensuring compliance adds another layer of complexity for MSPs. As CSO Online discusses, MSPs must stay updated on these regulations and implement necessary security measures to help their clients remain compliant (source: CSO Online).

The Dire Need for Comprehensive Cybersecurity 

Small businesses are particularly vulnerable to cyber threats due to their limited resources and lack of in-house cybersecurity expertise. A breach can have devastating consequences, including financial losses, reputational damage, and legal liabilities. As highlighted by Forbes, small businesses often underestimate the impact of cyber attacks, making them an easy target for cybercriminals (source: Forbes).

The Importance of Automated  Detection and Response

Enhanced Security:

  1. Automated detection and response (ADR) systems are designed to identify and neutralize threats in real-time. For MSPs, this means providing a higher level of security for their clients by detecting potential threats before they can cause significant harm. ADR systems use advanced algorithms and machine learning to continuously monitor network traffic, identify anomalies, and take immediate action to mitigate risks.

Operational Efficiency:

  1. MSPs benefit greatly from the operational efficiencies provided by ADR systems. Traditional security measures often require continuous manual monitoring, which can be resource-intensive and prone to human error. By automating threat detection and response, MSPs can free up valuable time and resources, allowing their teams to focus on more strategic tasks and improving overall productivity.

Cyber Insurance:

  1. In addition to advanced cybersecurity measures, cyber insurance plays a crucial role in providing a safety net for small businesses. Cyber insurance helps cover the financial losses associated with cyber attacks, such as data breaches and ransomware incidents. For MSPs, offering guidance on cyber insurance policies to their clients can add an extra layer of protection and peace of mind. This ensures that even in the event of a successful attack, the financial impact can be mitigated, helping businesses recover more swiftly.

Simplifying Cybersecurity Management with Guardz

For MSPs looking to simplify and strengthen their cybersecurity offerings, Guardz provides a comprehensive platform designed to meet the unique challenges of managing multiple small business clients. The Guardz platform offers advanced automatic detection and response capabilities tailored to the needs of MSPs. It streamlines the process of threat detection, investigation, and response, ensuring that small businesses receive the highest level of protection with minimal effort from the MSP.

Guardz’s platform integrates seamlessly with existing IT infrastructure, providing MSPs a user-friendly interface and powerful tools to monitor and manage cybersecurity threats effectively. This not only enhances the security posture of their clients but also significantly reduces the operational burden on MSPs, allowing them to scale their services efficiently.

Explore more about how Guardz can revolutionize your cybersecurity management by visiting Guardz’s platform.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Who’s Liable in a Breach? Why Every MSP Needs Cyber Insurance

Having trouble logging into your client’s network? Can’t access any files? 

That’s most likely because you’ve been breached or one of your clients has.

But the question is who should be held accountable if a data breach occurs? In this article, we’ll explore ways to prevent breaches, understand who has access to which sensitive data assets, and discuss the importance of why every MSP should have cybersecurity insurance coverage.

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Understanding Where Sensitive Data Is Stored

Do you know who has access permissions to your CSP resources, such as Google Drive? A study that analyzed 6.5 million Google Drive files found that 40.2% contained sensitive data that could put an organization at risk of a data breach and suggested that 34.2% of the scrutinized files were shared with external contacts outside the company’s domain files. A single compromised file can place your MSP business at risk of a potential lawsuit since you are responsible for managing and securing your clients’ data once you’ve signed that NDA.

But it gets even more complicated.

Can you be 100% certain that your clients’ employees’ are even aware of the risks associated with Bring Your Own Devices (BYOD) when logging into corporate accounts from outside of the office? And how many devices have unsecured endpoints? We’re not talking about a client with 20-50 employees. Imagine an enterprise with thousands of potentially vulnerable endpoints just ripe for the picking.

Consider the risks of AI-generated phishing attacks or other forms of malware a remote employee might download from an unsecured Wi-Fi hotspot connection. Multiply this threat by the number of servers and devices they access, and the risks of a breach increase exponentially.

A study conducted by the Ponemon Institute found that 68% of organizations have experienced one or more endpoint attacks that successfully compromised data and/or their IT infrastructure.

And then there’s the real threat of external third-party suppliers and contractors that your clients work with, who are granted access ‘carte blanche’ to applications, shared cloud service providers, and systems without your knowledge. Something as simple as removing an inactive user from a shared Slack account can wind up costing you down the line.

Any of these scenarios can point back to you if you don’t know where sensitive data resides.

Research conducted by IBM Security found that the time it takes to contain a breach was 291 days across multiple types of environments.

Time is a valuable commodity in a security incident. Every second counts if proper security measures aren’t locked in place.

Conducting a Cyber Risk Assessment is a Good Start

One way to protect yourself from a potential breach is by conducting a thorough cyber risk assessment to get a clear understanding of your critical vulnerabilities and security posture. A cyber risk assessment can show you a detailed breakdown of what data is at risk and how third-party access could compromise any of your systems or critical infrastructure.

Assessments should be performed at least annually to ensure that your security measures are up-to-date.

Here are a few other use cases to perform a cyber risk assessment:

  • Immediately after a security event occurs
  • When integrating new technologies to evaluate any risks
  • To ensure that compliance regulations are met
  • Onboarding new third-party vendors, partners, and suppliers
  • When employees change roles or leave the organization

Cyber risk assessments show you where sensitive data is stored, how long it is kept, who has access to the data, and if the data is secured.

Assessments can help you determine if you have the right security policies and controls to protect the data effectively. Once you have a detailed inventory of all assets at risk, you can prioritize future mitigation strategies to reduce the likelihood of a breach.

Cyber risk assessments are a crucial piece of the security puzzle. But what happens when a client decides to file a lawsuit against your business if their data has been compromised?

Why MSPs Need Cyber Insurance

Although you can’t control access permissions of third parties assigned by clients, you can protect yourself in terms of liability and legal ramifications in the event of an actual breach. Cyber insurance can provide financial protection, cover legal expenses, support incident response efforts, and help repair any reputational impact if a breach occurs.

Cyber insurance policies can shield you from the financial fallout of cyber incidents and breaches, including first-party losses like business interruption, data recovery, and ransom extortion fees. It also protects against third-party liabilities such as legal defense costs, settlements, regulatory fines, and penalties.

Another benefit of having cyber insurance coverage is that the insurer can act as the mediator in the event of a dispute. This might involve negotiating with third parties, managing communications with affected clients, or handling regulatory bodies to ensure compliance and mitigate further liabilities.

And it’s not only MSPs who need to have cyber insurance. Data showed that 87% of MSPs are seeing an increase in demand for cyber insurance from clients. Breaches can stem from unpatched software, leaked credentials from a misconfigured AWS S3 cloud bucket to an employee falling for a phishing scam. Regardless of how it happened, the cause is less relevant than the outcome.

That’s why every MSP should have premium cyber insurance coverage.

Protect Your Business from Breach Disputes with Guardz Cyber Insurance Coverage

Guardz Cyber Insurance can help cover the costs associated with data breaches and legal expenses. Manage and mitigate the impact of a cyber incident without disrupting business operations. Guardz also covers the costs incurred by MSPs and SMEs in investigating the incident and implementing recovery measures to keep business flowing.

Don’t leave anything to chance. Protect your critical assets and demonstrate cyber risk readiness to your clients with Guardz Cyber Insurance.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Browser Vulnerabilities: A Threat to Small Businesses MSPs & IT Service Providers

Highlights:
  1. Small businesses and Managed Service Providers (MSPs) are particularly vulnerable to browser exploits, such as CVE-2024-4761.
  2. The impact of such vulnerabilities can be devastating, potentially leading to data breaches, financial loss, and reputational damage.
  3. Practical steps can be taken to mitigate these risks, including regular updates, managed browser policies, and proactive security measures.

Browsers are an essential part of modern business operations, enabling access to the internet and various intranet resources. With Chrome, Safari, Firefox, and Edge dominating the market, it’s easy to see why maintaining browser security is crucial. For small businesses and Managed Service Providers (MSPs), the implications of browser vulnerabilities like CVE-2024-4761 can be particularly severe.

Understanding the Impact

Small businesses often lack the extensive IT infrastructure and dedicated cybersecurity teams that larger organizations have. This makes them attractive targets for cybercriminals, who exploit vulnerabilities in widely used software. The CVE-2024-4761 vulnerability in Chrome is a prime example. This flaw, present in versions prior to 124.0.6367.207, allows remote attackers to execute arbitrary code via a crafted HTML page, exploiting an out-of-bounds memory write in the V8 JavaScript engine. For MSPs, the stakes are even higher. MSPs manage IT services for multiple clients, meaning a single vulnerability can compromise numerous businesses. An exploit like CVE-2024-4761 could lead to widespread data breaches, jeopardizing client trust and causing significant financial and reputational damage.

Consequences for Small Businesses and MSPs

  1. Data Breaches: Exploiting browser vulnerabilities can give attackers access to sensitive information, including financial records, personal data, and proprietary business information. This can lead to identity theft, financial loss, and intellectual property theft.
  2. Financial Loss: The costs associated with a data breach can be staggering. Small businesses may face fines, legal fees, and the costs of implementing additional security measures. For MSPs, the financial repercussions are multiplied across their client base.
  3. Reputational Damage: Trust is a cornerstone of business relationships. A breach can erode customer trust, lead to loss of business, and damage the reputation of both small businesses and MSPs.

Practical Tips for Staying Protected

To mitigate the risks associated with browser vulnerabilities, small businesses, and MSPs should implement the following measures:
  1. Regular Updates: Ensure all browsers are up-to-date with the latest security patches. Automated updates can help maintain the most current protection.
  2. Managed Browser Policies: Utilize managed browser solutions to enforce security policies across all user accounts. This includes configuring safe browsing settings and restricting access to risky websites.
  3. Comprehensive Security Solutions: Employ robust security software, including antivirus programs and firewalls, to add layers of defense against potential exploits.
  4. Employee Training: Educate employees about the risks of browser vulnerabilities and safe browsing practices. Regular training can help prevent accidental exposure to malicious websites.
  5. Vulnerability Management: Conduct regular vulnerability assessments to identify and address potential security gaps. Use tools to monitor browser versions across the network and ensure compliance with security policies.
  6. Incident Response Plan: Develop and maintain an incident response plan to quickly address and mitigate the impact of any security breaches.
By staying vigilant and proactive, small businesses and MSPs can significantly reduce the risk posed by browser vulnerabilities like CVE-2024-4761. Ensuring robust security practices not only protects sensitive data but also upholds the trust and integrity of their operations.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Guardz collects $18M to expand its AI-based security platform for SMBs

Thanks to advances in AI, small and medium businesses have become a significant target in the world of cybercrime, accounting for roughly half of all breaches worldwide by some estimates. Now, one of the companies building security tools for SMBs has raised a round of funding to expand its business, underscoring the demand in the market for better defenses.

Guardz, an Israeli startup that has built an all-in-one security and cyber insurance service for small and medium businesses, has raised another $18 million in a Series A round of funding.

 

The company emerged from stealth less than a year ago (at the end of January 2023), and since then it has had a bit of a pivot. It’s no longer selling directly to SMBs but is working with managed service providers that in turn sell and manage IT services for SMBs. MSPs, it found, were the primary route to getting their product to get used by SMBs (meaning direct business was not taking off). Now those MSPs are able to build their own offerings “powered” by Guardz.

“This is the journey. It’s a blended solution, powered by Guardz but with the logo of the MSP out in front,” said Dor Eisner, the CEO, in an interview.

The plan will be to use the funding to hire more engineering talent to continue evolving the Guardz product, which has been selling primarily to customers in the U.S., U.K. and Australia. It has around 200 MSPs on its books currently, which in turn are working with some 3,000 SMBs, which in turn represent some 36,000 seats overall using Guardz’s products. Security remains the main revenue driver, with cyber insurance an option add-on.

Glilot+, the early growth fund of Glilot Capital Partners, is leading the round, with ClearSky and previous backers Hanaco Ventures, iAngels and GKFF Ventures also participating.

The company is not disclosing its valuation, but Eisner — who co-founded the company with Alon Lavi — said that the figure has tripled since its last fundraise, a $10 million seed round that coincided with Guardz coming out of stealth mode.

 
 

 

To give some more context: The startup has now raised $28 million and alongside securing around 36,000 “seats” it is growing fast, within an interesting opportunity for more customers since there are around 150,000 MSPs globally serving the SMB market, Eisner said. That likely puts Guardz’s valuation comfortably above $100 million.

The gap in the market that Guardz is targeting is a big and urgent one. In the past, SMBs were overlooked by cybercriminals largely for the same reasons that they were mostly ignored by the most cutting-edge B2B technology developers: SMBs are too fragmented as a group, and they typically do not represent lucrative ROI compared to large enterprises.

However, developments in AI have made it very easy for malicious actors to develop, execute and scale campaigns exploiting vulnerabilities. That’s been an alarming development, because typically SMBs have lacked the in-house expertise, and the right tools, to defend against that.

Guardz’s aim has been to create a security platform for these customers that is just as robust as what larger organizations might use. The platform is provided as a managed service — meaning the customer does little to manage it directly — but within that managed service, there is a lot of AI-based automation built in: Guardz’s tools automatically detect malicious activity, provide remediation against it and write up activity reports that can be further triaged by the MSP. The MSP can also use Guardz to create security breach simulations — customized to the specific activity of the SMB in question — which can be used to help train the employees at their customers.

Part of the funding will be used to continue expanding the tools that its own team has at hand to match the increasing sophistication of bad actors.

 

“Every day we find a new method used by hackers,” Eisner said. A recent discovery, he said, involved a method to create automated forwarding rules for those using Microsoft 365, giving malicious actors a way to collect emails “in a silent way.”

“We found that people were talking about this attack on the dark web, so we decided to develop detection and remediation around it,” he said, adding that a technique like this would likely be used as part of a multivector attack, alongside phishing, for example.

SMBs have become a sharper target for tech companies building enterprise services not just because innovations in cloud services and AI have improved the unit economics. It’s also because they are a huge market segment, estimated at over 99% of all businesses globally. And that can mean big business in a variety of verticals. Payments and fintech business SumUp, which also targets SMBs, earlier this week announced more than $300 million in funding to expand its platform and grow its customer base. Guardz is also not the only one in the area of building cybersecurity for SMBs. Others in the long list of direct competitors include CyberSmart out of the U.K. as well as bigger players like CrowdStrike and Check Point.

“When we met the exceptional team at Guardz, which combines cybersecurity leaders with small business go-to-market experts, it became evident that they had built the ultimate solution for small business cybersecurity – a longstanding and rapidly growing market need we’ve been monitoring at Glilot for a while,” stated Lior Litwak, who is the managing partner heading up Glilot+, in a statement. “Guardz has developed an impressive, holistic, and user-friendly cybersecurity and cyber insurance risk-assessment platform that is cleverly tailored to MSPs, who serve the often-overlooked long-tail small business market. We are excited to lead this funding round and join the Guardz team on their journey to secure the digital world for those who today need it most.”

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Beyond Cyber Essentials: A Look into Diverse Cybersecurity Standards

Ransomware payments last year exceeded $1 billion, a trend projected to persist this year as a significant cybersecurity threat for all types of businesses, with reports that 69% of SMBs are unprepared to deal with the next cyberattack. However, many seek to meet global standards that assist them in strengthening their cybersecurity posture, defending against ransomware and other cybersecurity threats, and opening up new business opportunities. One such standard is the Cyber Essentials.

The 5 Security Controls of Cyber Essentials 

Cyber Essentials, launched in 2014 as a UK-based standard for cybersecurity controls and practices, was initiated by the National Cyber Security Centre (NCSC). Similar to many other cybersecurity standards, it helps businesses identify which clients are using effective cybersecurity practices and implementing proper data security. This, in turn, facilitates new business relationships, including those with the UK government. The Cyber Essentials includes five different security controls that are meant to defend against 80% of cybersecurity attacks. 

They include:

  • Firewalls and routers. Check anti-virus software and internet gateways routinely to prevent the use of default passwords and unauthenticated access. Remove permissions once they are no longer needed. Approve and document all rules for firewalls together with both an approved individual and the organization. 
  • Patch management. Ensure all software is licensed, supported, and patched within 14 days of an update release. Routinely fix vulnerabilities scored as “high” or “critical.” All vulnerabilities with a CVSS v3 score of “7” should also list the fixes.
  • Malware protection. Keep software up-to-date and configured to scan files when accessed. Web pages should also be scanned automatically when accessed through a web server, and connections to malicious software sites should be prevented.  
  • Access control. Protect against malicious attackers gaining access to systems and networks by only allowing authorized individuals to access accounts. Use a combination of authorization and authentication methods to accomplish this. 
  • Secure configuration. Misconfigurations are one of the most common sources of data breaches. Ensure your services and networks are properly configured to reduce the number of vulnerabilities malicious threat actors can potentially exploit.  

5 Alternative Cybersecurity Frameworks and Standards

While there may be some overlap between the Cyber Essentials and other cybersecurity standards, each 

  • ISO 27001. An international standard was formally adopted in 2005 by the International Organization for Standardization (ISO). Its goal is to facilitate the effective implementation, use, and improvement of information security management systems (ISMS) within a business and its third parties. 
  • NIST Cybersecurity Framework (CSF). Initiated by Obama in 2014 to improve the cyber resilience of critical infrastructure, it is now the most common set of voluntary standards adopted by businesses. It provides all businesses with a simple set of steps to execute to strengthen their cyber resilience. 
  • PCI DSS. A cybersecurity standard for businesses who transmit, store or generate data related to credit and debit card payments. Its goal is to protect consumers against fraud and data theft. 
  • GDPR. A regulation focusing on the data privacy of customers in the European Union or businesses who process customers’ data in the European Union. 
  • HIPAA. Developed in 1996, the Health Insurance Portability and Accountability Act (HIPAA) is a U.S. regulation aimed at protecting patient health information (PHI). 

Evaluating the Effectiveness of Alternative Cybersecurity Frameworks

The Cyber Essentials were developed with a specific use case in mind, one in which an attacker uses publicly available tools and techniques to launch security attacks. Although it broadly covers the five security controls mentioned, it may not be comprehensive enough for businesses in specific industries with specific compliance requirements and complex IT environments that encounter evolving cybersecurity risks. On the other hand, its broad scope makes it easier to implement for businesses of all sizes across industries.

Alternative cybersecurity standards and frameworks such as ISO 27001, PCI DSS, NIST CSF, and HIPAA have detailed guidelines for improving cybersecurity posture and protecting sensitive information according to their industries. While they are comprehensive and effective, they are limited in scope and can be harder to implement in larger organizations that have detailed requirements. Noted exceptions are the NIST CSF, which is adaptable and flexible for businesses in different industries but also consumes resources when implemented in larger organizations. The GDPR is also an effective regulation but can be difficult to implement due to its broad scope. It also focuses on legal aspects of data privacy rather than data protection. 

The Perfect Combination of Cybersecurity Standards 

Businesses that seek to replace the Cyber Essentials with an alternative cybersecurity framework must first evaluate whether or not it also covers these five security controls and has UK accreditation. Any additional framework should also require evidence that it tests against these controls or assesses the overall outcome (e.g., to manage the risk of an internet attack). 

Implementing alternative standards that complement the Cyber Essentials rather than replacing it can give your business additional recognition as a company that has a strong cybersecurity posture and implements best practices. However, implementing multiple regulations can also drain resources and be challenging depending on the requirements. Before adopting an additional cybersecurity framework, a business should ask itself which security threat it is trying to defend against. They should then explore which combination of standards might be the most relevant in defending against those threats. 

How Guardz Protects MSP Client Data 

As ransomware and other looming cybersecurity attacks increase against businesses, governments may develop stricter cybersecurity regulations and standards. Although businesses should continue staying informed of different types of compliance, they need a multi-layered approach and solution to these evolving threats in parallel. Guardz enables MSPs to streamline cybersecurity by automating detection and response across user data, devices, emails, and cloud directories from a single pane of glass.

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.

Guardz Raises the Bar with More Feature Advancements

At Guardz, we are committed to staying ahead of the curve and continuously improving our platform to provide your clients with the most robust protection against evolving cyber threats. 

From advanced ransomware detection to streamlined email security management and customizable phishing campaign content, our latest updates are designed to elevate your client security posture and ensure you’re equipped to tackle even the most sophisticated cyber threats. 

Ransomware Early Detection & Response

Endpoint Security at Guardz has taken a great leap forward with the latest Early Ransomware Detection and Response capabilities.

  1. The new File Integrity Check is a feature that installs and monitors a “bait” file on the device and will trigger an issue as soon as these files are edited or modified in any way (including encryption). This serves as an indication of ransomware or other malware messing with files.  
  2. As a strong response to this and other threat detections, Device Isolation can be initiated to disable all the network connections on the endpoint and actively prevent the flow of packets to/from the device.  These new capabilities can be found in the Device Details drawer as well as in the relevant issues.  

Email Threshold Enhancements


Improving the effectiveness and manageability of email security is a key focus in the Guardz platform.  To this end, we are introducing a simplified approach to email thresholds, High, Medium, and Low, allowing admins to select the appropriate action for each level of risk.

These enhancements replace the old email scale and allow admins to confidently and transparently apply caution banners and quarantine.
The 3-level approach enables proactive protection while minimizing disruptions to email security workflows.

Customize Phishing Campaign Content



Due to popular demand, it is now possible to edit the content, subject and title of phishing simulation campaigns. The content will remain AI-generated but will allow admins to make necessary tweaks without regenerating the whole email.

Key Benefits:

  • Tailored Messaging: Customize email content to better suit your organization’s tone and style.
  • Enhanced Engagement: Craft compelling subject lines and titles to increase reliability.
  • Improved Effectiveness: Fine-tune phishing campaign emails to resonate more effectively with employees, maximizing the impact of your security awareness.

Take control of your phishing simulations and personalize your campaigns for optimal results.

Coming Soon

  • Windows Server Support – Beta

    Expanding on our device agent enhancements, we’re excited to announce that support for Windows Servers has now entered beta.
    It is now possible to ensure comprehensive endpoint security across a broader range of organization devices.

    The Windows Server agent supports the following versions: 2016, 2019 and 2022

    If you would like to join our beta, feel free to reach out via email or chat!
  • New Report: Security Business Review

    The Guardz ROI report has been a popular way for MSPs to communicate security risks to their customers while also showing the value they bring.  This redesigned “ROI Report” is a comprehensive approach to provide end customers with a clear and concise overview of their security posture on a monthly or quarterly basis.

    Key Features:
    • Summarized Data: The Security Business Review Report offers summarized data on the security-related activities managed through Guardz. From threat detection to risky users, you’ll get a holistic view of the organization’s security landscape.
    • Comparison with Previous Period: Gain insights into your security progress over time by comparing current results with those from previous periods. Identify trends, track improvements, and make data-driven decisions to enhance security posture.
    • Behavioral Analysis: Understand how your customer behaves from a security standpoint. The report provides valuable insights into user behavior, system vulnerabilities, and potential risks, empowering stakeholders to proactively address security challenges.

We can’t wait for you to experience the newest updates! Keep your eyes peeled for more to come!

About Version 2 Limited
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Guardz
Guardz is on a mission to create a safer digital world by empowering Managed Service Providers (MSPs). Their goal is to proactively secure and insure Small and Medium Enterprises (SMEs) against ever-evolving threats while simultaneously creating new revenue streams, all on one unified platform.