By John Ford, ConnectWise
There are some things in life that would be unfathomable to share. Your toothbrush, for example. We need to adopt the same clear distinction with cybersecurity risk ownership as we do with our toothbrush.
You value sharing as a good characteristic. However, even if you live with other people, everyone in your household still has their own toothbrush. It’s very clear which toothbrush is yours and which toothbrush is your partner’s/spouse’s or your children’s.
At some point in our lives, we were taught that toothbrushes should not be shared, and we pass that knowledge down to our children and dependents and make sure they also know. The same type of education about not sharing cybersecurity risks needs to happen. By not defining risk ownership, you're sharing it with your customers.
Why Risk Should Never Be Shared
There should be no such thing as shared risk. It is very binary. Either the customer owns it, or you own it. Setting the correct expectation of an MSP’s cybersecurity and risk responsibility is critical to keeping a long-term business relationship.
When a breach occurs is not the time to be wondering which side is at fault. Notice I said ‘when’ not ‘if.’ Nearly 70% of SMBs have already experienced a cyberattack, with 58% of SMBs experiencing a cybersecurity attack within the past year—costing these companies an average of $400,000. The last thing you need is to be on the hook for a potentially business-crippling event. You need to limit your liability.