Today’s cyber-landscape is tough for small to midsize businesses (SMBs). Criminals and hackers have stepped up their attacks dramatically over the past year: the FBI stated that cybercrime reports have quadrupled during the COVID-19 pandemic. And those attacks are targeting all sectors and sizes of business indiscriminately, not just larger enterprises.
The 2020 Verizon Data Breach Investigations Report showed that over a quarter (28%) of all breach victims were SMBs. One of the bigger concerns is that 54% of the attempted attacks on SMBs were successful in breaching their defences – a success rate nearly eight times higher than that with larger companies. And nearly two-thirds of SMBs say they lack the in-house skills to deal with cyber-security issues – so it’s no surprise that SMBs are urgently looking for solutions to prevent cyber-threats from damaging their business.
This presents MSPs with a tremendous opportunity to sell security services specifically designed for the growing SMB market. To put the size of that opportunity in perspective, it’s forecast that SMBs’ spend on security worldwide will almost double between now and 2024 (from around $50 billion currently). And a 2020 survey found that SMBs are willing to pay 25% more to a MSP offering security services, and 91% of SMBs would consider moving to a new IT service provider if it offered the right security solutions.
To help MSPs deliver security solutions to SMBs, Checkpoint are launching the expansion of our Quantum Spark™ series of security gateways designed for SMBs. Quantum Spark gateways give SMB customers complete threat prevention with easy, intuitive management and integrated communication capability.
For full details for the Quantum Spark™ Security Gateway series and other SMB security solutions, visit this webpage.