For MSPs and those who operate in the channel, 2023 will be another year of risk, uncertainty and opportunity. Here are three key challenges to prepare for.Managing cash flow Building an agile workforce Investing in the right technology Seizing opportunities Riding the recession wave “While the term ‘recession’ may set off panic waves among business owners, it need not necessarily be the same for MSPs,” the article noted. “IT is the backbone of every business, and industry observers are expecting the managed services sector to continue to grow, albeit at a slower rate, in the coming year. Slower growth might, however, mean it’s a good idea to pay closer attention to managing costs.”The Connect Booster site, meanwhile, recommended that service providers focus on the right metrics to measure economic health amid a downturn, including:Net operating income Contract profitability Monthly recurring revenue Connect Booster also recommends payment automation to ensure clients make payments without being begged to do so amid lean times.Work with stakeholders: Map business-critical assets in IT and OT environments. Device visibility: Identify what IoT and OT devices are critical assets by themselves and which are associated with other critical assets. Perform risk analysis on critical assets: Focus on the business impact of different attack scenarios as suggested by MITRE. Define a strategy: Address the risks identified, driving priority from business impact. Skyrocketing demand for infostealers and stolen credentials Adversaries continuing to leverage “living off the land binaries.” Attacks that reach beyond Microsoft Windows. “As we near the end of the year, cybercriminals are showing no signs of slowing down—just look at the 167% rise in data breaches from Q2 to Q3,” Sophos said in the report. “But you can help customers achieve a tight end-to-end security posture that protects their most sensitive data. In addition to encouraging good cybersecurity hygiene and deploying layered protection, it’s important to know when to outsource functions like threat detection and response.”
Content, Channel markets, MSP, Content, Networking, Channel technologies
3 Key Challenges Facing the Channel in 2023

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