US Secret Service warns about increased cyberattacks against MSPs

guest · Jul 8, 2020

US Secret Service warns about increased cyberattacks against MSPs
July 8, 2020
https://www.techrepublic.com/articl...providers-can-pose-a-risk-to-their-customers/

Many organizations increasingly rely on managed service providers (MSPs) to remotely manage IT infrastructure and other resources. By outsourcing the care and feeding of their network, applications, or security, an organization can save time and money, especially if it lacks the necessary internal staffing and capabilities.

But as MSPs have become more popular, they've also become more of an open target for cybercriminals.
The level of risk can be even higher if the MSP is home to a server and other physical hardware for a customer.

A recent alert from the US Secret Service warns of a rise in hacks of MSPs and offers advice on what providers and customers should do to beef up their security.
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As described in a Monday story from ZDNet, threat intelligence firm Armor said in October that it identified at least 13 MSPs that were hacked in 2019, triggering the deployment of ransomware on the networks of their customers. Further, in a phone call with ZDNet, Kyle Hanslovan, CEO at Huntress Labs, said that his company provided support in at least 63 incidents of MSP hacks in 2019 that led to ransomware attacks on customer networks.
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ZDNet: US Secret Service reports an increase in hacked managed service providers (MSPs)

The alert, which ZDNet obtained a copy here, contains best practices to be implemented by MSPs and their respective customers.

One of the largest MSP vendors on the market, ConnectWise, has had its products and services often targeted by hackers.
ZDNet has been told that this vulnerability and the subsequent exploitation is what prompted the Secret Service to send out its alert.
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