Ransomware can be costly for businesses, not just in the decryption-key cost that ransomware demands, but in the time and productivity that is lost as an organization deals with the hit. Defense against threats like ransomware and malware can be costly and time consuming, especially for small and mid-size businesses (SMBs) that don’t have the staff or resources to devote to around-the-clock detection. Managed service providers (MSPs) are well suited to fill the gap by offering security services as part of their existing service portfolio. Use of the AlienVault® Open Threat Exchange® (OTX™)—a free exchange with extensive threat information—provides MSPs with valuable threat detection and response information.

In this executive summary, experts from Penton and AlienVault will discuss:

  • The current state of the ransomware threat, and more specifically, the global spread of recent ransomware WannaCry
  • Challenges that businesses face when ransomware hits
  • The opportunity that exists for MSPs to stand in the gap and help businesses stay operational

Standing in the Gap: Ransomware and the Role of the MSP

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