The Hidden Risks of Choosing a Bad MSP

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Choosing the right Managed Service Provider (MSP) is one of the most important decisions for your business, yet many don’t realize the risks of picking the wrong one. A poorly managed IT provider does more than slow down operations. It leaves you exposed to security threats, financial losses, and long-term inefficiencies. Is your MSP actually protecting your business or just reacting to problems? There are some big hidden costs to going with a bad provider that can hinder your operations and stunt growth. If your MSP is not up to the task, here are four hidden risks your business is vulnerable to and how the right provider helps you avoid them.

1. Lost Productivity Hurting Your Bottom Line

A slow or unresponsive MSP disrupts IT operations, wasting valuable time as employees deal with technical issues instead of focusing on their core tasks.
  • The average employee loses 22 minutes per day due to IT-related problems, adding up to over two weeks of lost productivity per year (ITIC Report).
  • Downtime costs businesses an average of $5,600 per minute or $300,000 per hour (Gartner).A good MSP addresses issues proactively, using automated system monitoring to resolve problems quickly, ensuring your team can stay productive. With proactive support, a good MSP minimizes downtime, ensuring your team remains focused on driving success,

2. Your Data is Compromised

Cybersecurity threats are on the rise. If your MSP is not up-to-date with security practices, your business could be exposed to serious cyber risks. A single breach can lead to lost revenue, damaged reputation, and potential legal and regulatory consequences.
  • The average cost of a data breach in the U.S. is $4.45 million (IBM Cost of a Data Breach Report).
  • 60% of small businesses shut down within six months of a cyberattack due to financial losses (National Cyber Security Alliance).A trusted MSP actively defends against cyber threats by deploying firewall protection, endpoint security, data encryption, and real-time monitoring. They safeguard your sensitive data and ensure compliance with regulatory standards, keeping your business secure from potential breaches.

The Importance of Good Backups

In addition to robust cybersecurity measures, maintaining good backups is crucial for business continuity. Regular backups ensure that your data can be quickly restored in the event of a cyberattack, hardware failure, or accidental deletion. This minimizes downtime and helps prevent significant data loss, allowing your business to recover swiftly and maintain operations. A comprehensive backup strategy includes both on-site and off-site backups, as well as regular testing to ensure data integrity and accessibility. By prioritizing backups, you can protect your business from the devastating effects of data loss and ensure resilience against unforeseen disruptions.

3. Losing Revenue because of Frequent Downtimes

Frequent outages and downtime can significantly impact your revenue, even if you already work with an MSP. This could indicate that your MSP lacks the infrastructure or expertise needed to maintain consistent uptime and high availability.
  • Unplanned downtime costs businesses an average of $1.55 million per year (Aberdeen Group).
  • 91% of businesses say just one hour of downtime disrupts critical business operations (ITIC Report).A high-quality MSP prevents downtime through continuous system monitoring, disaster recovery planning, and proactive IT maintenance. They make sure your business stays running at its best at all times.

4. Unnecessary Risks because of Poor Communication

A weak MSP lacks transparency, leaving you in the dark about critical IT issues, security vulnerabilities, or system updates. Poor communication leads to misaligned expectations, project delays, and unresolved problems.
  • 67% of IT leaders say that poor MSP communication delays issue resolution and impacts business efficiency (CompTIA). Make sure your MSP provides clear, ongoing communication, regular status updates, detailed reporting, and a strategic IT roadmap tailored to your unique business needs.

How at Risk are you? Get a Free Assessment Today!

A bad MSP drains your resources, exposes your business to cyber threats, and hinders growth. If you’re not 100% confident in your IT provider, don’t wait until something happens. Evaluate your risk now! Our experts will:
  • Identify hidden vulnerabilities in your IT infrastructure
  • Provide custom recommendations to optimize performance
  • Ensure your business is protected against the latest cyber threats. Don’t wait until a security breach or costly outage exposes your MSP’s weaknesses. Get ahead of the risks.
Schedule Your Free IT Assessment Now

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Baroan is a complete IT services & IT support company working with organizations in Elmwood Park and across the United States of America.

Written by Guy Baroan 
By: Guy Baroan