Organizations struggle to keep up with the increasingly complex and evolving cybersecurity landscape. The latest edition of the World Economic Forum's (WEF) Global Risks Report again highlights cyber threats as one of the most significant risks worldwide: 19.5% of respondents identified cybersecurity failure as a "critical short-term threat" to the world. This, coupled with a huge shortfall of qualified cybersecurity professionals, is driving organizations to seek the help of managed service providers (MSPs). According to recent research, 88% of organizations outsource their cybersecurity processes or tools, and the most common outsourcing agreement selected is through MSPs (55%).
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