Managed Service Providers (MSPs) must incorporate data loss prevention (DLP) into their regular operations because it is a crucial part of modern cybersecurity.
Organizations have tried for years to safeguard their sensitive data from public view. Cybercrime is not the only concern, despite the fact that it is always on the rise. IT misconfigurations and plain human error present additional defence challenges.
The rise of behavior-based solutions has made it substantially simpler for MSPs to create and operate data loss prevention (DLP) services, which take a proactive stance against both unintentional and malicious data leaks and provide a complete perspective of the organization's data flows. Obviously, this is a tremendous benefit for your clients.
Here are the five reasons why your organization need to adopt DLP solutions:
Data breaches are never desirable, but the loss or exposure of some information can be exceptionally disastrous.
Cybercriminals often target high-value data, such as trade secrets, intellectual property, and personally identifying information. This is the cause of more than 80 percent of security breaches. But even if a leak may be attributed to ordinary human error, the repercussions are still real.
The sensitive data of your clients can simply be compromised via network channels and peripheral devices. A comprehensive DLP solution provides substantial protection against all such purposeful and unintentional leakage. Any organisation that fails to do so may suffer serious financial and reputational harm.
According to research, the majority of MSPs anticipate that their main source of income will be cybersecurity during the next few years. Standing apart from the competition has become a top problem, too, as the majority of service providers now provide some kind of managed security services.
The growth of behavior-based DLP gives you new revenue streams that are accessible to clients of all sizes, helping you to distinguish your portfolio. Due to high service delivery costs and the need to painstakingly map policies to customers' distinctive and constantly changing business processes, these solutions were previously unattainable for MSPs and smaller enterprises. Nevertheless, behavior-based technologies reduce management complexity. As a result, you can more simply offer DLP to businesses of all sizes and create new revenue streams that actually bring value.
Healthcare facilities, educational institutions, and governmental organisations are particularly appealing targets for cybercriminals. Why? Because they must make a big amount of the sensitive information they manage accessible to the public. A larger potential attack surface results from this.
The integration of behavioural analysis in modern DLP solutions enables more intelligent methods of data security. You'll be able to facilitate sensitive data availability in the appropriate settings while keeping it out of the hands of unauthorised individuals.
Your clients will need more data protection than backup alone can offer if they handle and/or store personally identifiable information (PII), patient health information (PHI), cardholder data, or any other kind of very sensitive and regulated data.
Regulations governing data privacy, such as the GDPR and HIPAA, typically impose heavy penalties for data leak incidents. Additionally, they mandate that businesses promptly and completely report any such breaches of confidential information. In addition to reducing the real risk of leaking, modern DLP services give you a comprehensive understanding of data flows within your client businesses, making it simpler to investigate and comprehend any such instances after the fact.
It's one of the most hotly debated subjects in cybersecurity, and for good reason. Your clients are using cyber insurance to reduce their exposure in the case of a data breach, which could otherwise be extremely costly.
Depending on the industry, income, and the proactive steps the business has done to protect its data, these plans might range in price. Your clients can frequently negotiate more reasonable insurance premiums by demonstrating that DLP services are in place. In some cases, this can even be a prerequisite for the client's insurance, something that is necessary to maintain their good standing.
Data exfiltration, whether unintentionally lost or as a result of criminal activity, can result in hefty regulatory fines, the loss of trade secrets, and a general lowering of customer confidence, all of which can cause irreversible financial harm.
Using on-premises enterprise DLP software will have significant advantages for larger companies with an existing security team, particularly one with relevant experience in this area. Working with an MSP can be more affordable for those who don't have this knowledge yet because starting your own DLP project from scratch (including training and configuration) can be difficult and expensive.
With unparalleled ease of delivery, configuration, and monitoring for MSPs, modern DLP systems enable you to stop data leakage from client workloads via network connections and peripherals. Constant data flow monitoring guarantees comprehensive data protection, greatly simplifies maintaining regulatory compliance, and may even enable cheaper cyber insurance costs.