Why are MSPs a target for threat actors?
More threat actors have started targeting MSPs over the years. There are many reasons why MSPs are valuable targets for attackers, including their customer bases and the data that they handle. Here are some of the biggest reasons why MSPs are on threat actors’ radars.
Valuable access
MSPs often need privileged access to manage customer systems, support critical processes, or store data. This level of access makes them an attractive target for threat actors. An MSP data breach can grant attackers entry to customer systems or access to sensitive information.
Multiple customers
MSPs have multiple customers, and for threat actors, that means a bigger bang for their (cyberattack) buck. One attack on an MSP can give threat actors the ability to use their compromise as a foothold to launch supply chain attacks against several small and medium-sized downstream customers.
Trusted relationships with customers
MSPs have an important partnership with their customers, and threat actors could use that to their advantage in social engineering attacks. Many threat actors have used trusted relationships between different companies to their advantage. For instance, members of the cybercrime group Scattered Spider have posed as help desk staff in order to steal credentials from victims, direct them to run remote access tools, or convince them to share their one-time passwords.