What is decryption?
Decryption is the process of transforming encrypted information into its original, decipherable format. The process of decryption takes the ambiguous data that was originally received and translates it into words and images that a human can comprehend.
Decryption is a necessary component of cybersecurity processes, because encryption requires scrambling words and pictures in order to securely send them to a different user through the internet.
The process of encrypting and decrypting data adds an extra layer of defense, since hackers who obtain that data in motion will not be able to comprehend it.
How MSPs use decryption for cybersecurity
Since many MSPs rely on encryption to prevent data exfiltration, decryption is a necessary element of this cybersecurity tactic. MSPs can use data decryption to share sensitive information — like passwords and usernames, financial information, or IP — across the network with more security. MSPs operating in regulated industries are often required to utilize data decryption to remain compliant with HIPAA as an example, or other similar regulatory requirements.
Data encryption and decryption are used within a larger cybersecurity framework for MSPs. For decryption to be effective, the cipher that is used to scramble and then unscramble the data must also be kept secure. The algorithm used to create the cipher must also be strong enough to create a cipher which is not easily cracked or guessed.
Data protection relies on comprehensive cybersecurity
MSPs are an increasingly popular target for cyberthreats. This means it’s critical that MSPs have a comprehensive cybersecurity program in place to protect their customer’s data, as well as their own. This program may require MSPs and their customers to encrypt data at rest or in transit using strong ciphers and protecting the private key so the information can be decrypted.
Additionally, bad actors also use encryption and decryption against MSPs and their customers. A 2019 MSP ransomware attack led to a loss of $150,000 when hackers took the company’s decryption cipher hostage. In this cyberattack, the MSP involved paid a ransom in order to regain access to encrypted data and recover other systems. As this example illustrates, the role of data decryption became an impediment due to inadequate MSP ransomware protection. Data decryption plays an important role, but must be backed up with a holistic security approach.
Did you know?
Organizations that pay a ransom to recover data following a cyberattack may not gain access to decryption keys.
5 Cybersecurity Services MSPs Need to Offer Customers
Small to mid-sized businesses (SMBs) are becoming increasingly aware of cybersecurity as a major area of concern. In fact, our 2020 ConnectWise State of SMB Cybersecurity report found that over half of SMBs don’t have the skills to properly manage cybersecurity.
We’ve broken down five key cybersecurity services that MSPs should offer—take a look to see where you could increase your service offerings to drive revenue, meet customer needs, and tap new markets.
8 tips for successful remote computer access
When you’re an IT solutions provider, clients and colleagues are counting on you to keep their systems running smoothly—and to repair issues quickly when they’re not. One of the key tools in your technical arsenal? Remote computer access.
But just how safe is remote access? It’s essentially as safe as you make it—and that all depends on your approach.
2021 MSP Threat Report
Learn about the cybersecurity events that made waves in 2020 as seen through the eyes of the Perch SOC in the 2021 MSP Threat Report. In the report, you’ll get an eye-opening look at why MSPs are vulnerable targets, what the security pros think you should be looking out for, a timeline of standout hacks in 2020 impacting MSPs and predictions for what’s coming next.
ConnectWise Cybersecurity Starter Kit
Want to get started selling cybersecurity? We’ve put together a kit to help. Download the kit today for helpful resources that will transform your business from an MSP to an MSP+ model, including educational information for your SMB customers, templates, and more.
Why SMBs are high risk for cybersecurity threats in 2021
There’s significant opportunity for MSPs to offer “MSP plus” service, helping their clients to embrace better security practices. In fact, our 2020 State of SMB Cybersecurity report found that 91% of SMBs would switch MSPs for the right cybersecurity support.
IT Nation Certify cybersecurity training
Become your client’s go-to security expert by joining thousands of MSPs worldwide in obtaining MSP-specific cybersecurity training to protect your own practice, gain confidence in your ability to provide cybersecurity services to your clients, and drive security sales growth.