5 Things MSPs Can Do to Prepare for Regulation>
Axcient – Liz Mellem
5 Things MSPs Can Do to Prepare for Regulation Louisianaâs first-of-its kind legislation for Managed Service Providers (MSPs) gives the channel an idea of what regulation might look like. As other states and the federal government consider similar governance, MSPs can take steps to both prepare for future regulation, and potentially prove it unnecessary.

While authorities are considering regulation, rather than implementing it â which can be a nightmare â every MSP has a responsibility to elevate the industry. Prove your ability to self-regulate by preparing for the registration, reporting, and accountability requirements put forth in Louisiana Act 117 â Senate Bill 273. Regulations shift the blame and consequences of an attack away from the customer and onto MSPs. Itâs in your best interest to prepare for that responsibility with higher standards for your solutions, vendors, and customers.

1. Build a Layered Security Infrastructure MSPs need enough walls around data where itâs not worth a hackerâs time and effort to knock them all down. 2. Utilize a Cybersecurity Playbook as Your Guide for Incident Response Playbooks are comprehensive across an organization and are reviewed and practiced quarterly. Regular upkeep identifies new threats; ensures information accuracy; confirms the ability to adequately address current business needs; and serves as a complete manual and map for preventing, addressing, and recovering from incidents varying in criticality. 3. Eliminate the Risk of Allowing Customers to Opt-Out of Security andating necessary solutions to ensure business continuity not only protects customers, but also your MSPâs reputation and ability to grow. Louisianaâs bill requires MSPs to report all cyber incidents and ransomware payments to the state for public display. Imagine the affect such information could have on your business. Remain competitive by protecting customers as if it was your own business on the line â because it is. 4. Partner with Vendors that Share Your Security-First Approach When building your vendor stack, explore your opportunities with different providers to find the cost, structure, and benefits you value. 5. Self-Regulate and Continue Your Education Assert your MSPâs high standards, values, and focus by earning authenticated business credentials that position you above others. For instance, the CompTIA Managed Services Trustmark proves an MSPâs commitment to their customers.
Link: https://axcient.com/5-things-msps-can-do-to-prepare-for-regulation/