MSPAlliance Introduces Rating System to Evaluate Cyber Risk in Managed Services

With global cyber-attacks on the rise – even on small organizations and municipal interests – many companies using managed services are unprepared to determine their security risk, largely because they lack the ability to analyze the security practices of their managed services. While the International Association of Cloud & Managed Service Providers (MSPAlliance) has long maintained a standard for managed service providers when it comes to security, that standard was 15 years old. To provide an updated resource, MSPAlliance recently introduced a new cyber risk rating for cloud and managed service providers that will allow service providers and their customers to more accurately assess the cyber risk of the provider and the customer environment, and take action, if necessary.

The new rating system, called The Cyber Verify Risk rating, was designed to quantify and communicate cyber risk protection practices used by service providers. Consumers of cloud and managed services can use the Cyber Verify rating system to determine what type of provider will be best suited to their needs, depending on their business. The system aims to benefit service providers by helping them communicate their capabilities in fighting against cyberattacks on behalf of the customer, and will benefit customers by educating them about what capabilities and tools are most helpful defending against cyberattacks.

"The Cyber Verify Risk rating is a continuation of the work MSPAlliance has been doing for nearly 20 years," said Celia Weaver, president of MSPAlliance, in a statement. "Providing service providers and customers with greater transparency and information to make educated decisions regarding cyber defense is what matters most to us and the global MSP industry that we represent."

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