MSPs Stash Cash for Ransom: Are They Playing with Fire?
In a world where AI threats are rising faster than a cat chasing a laser pointer, 45% of MSPs have a stash for ransomware payments despite global advice to the contrary. Meanwhile, AI’s newfound threat level leaves MSPs scrambling for solutions as their clients look to them for a digital shield.
Hot Take:
It’s a bird, it’s a plane, it’s… a pool of cash for criminals? Despite the global powers-that-be wagging their fingers at ransom payments, nearly half of MSPs are keeping a stash of cash ready for those pesky cyber extortionists. Meanwhile, AI is crashing the party and stealing the spotlight from ransomware. Looks like it’s time to trade in those ransom bills for some AI-fighting gadgets!
Key Points:
- 45% of MSPs have money set aside for paying ransoms, despite advice against it.
- UK government proposes a ban on ransomware payments for public sector and CNI.
- AI has surpassed ransomware as the top concern for MSP leaders.
- 84% of MSPs’ customers expect them to manage cybersecurity.
- 11% of MSPs lack any budget for ransomware or insurance, risking financial chaos.
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