Push Is On To Register MSPs, But How To Do So Still A Question
‘With regulations and approvals comes a higher minimum bar, but it also creates a higher operating cost to MSPs to conduct business. Not only will what services you provide start to be controlled, but necessary business things like cyber insurance premiums and other insurance offerings will start to increase as well,’ says Ben Nowacky, Axcient’s senior vice president of product. By Joseph F. Kovar March 11, 2021, 01:15 PM EST
A move by states, and potentially by the federal government, to regulate managed service providers in the wake of cyberattacks via the MSP community might sound like a welcome way to clean up the business, but the potential costs of such regulations could be devastating to smaller MSPs who are already dealing with tight margins.