On November 18th, we hosted a joint webinar with HaloPSA exploring why cybersecurity matters more than ever in today's AI-driven landscape - and what MSPs can do about it.
Following our recent integration announcement with HaloPSA, this webinar presented the data behind the SME cybersecurity crisis, projected threat trajectories through 2030, and demonstrated how our platform enables MSPs to deliver enterprise-grade security assessments through their existing PSA.
The Numbers Behind the Crisis
By 2030, annual SME breach costs are projected to reach approximately 1% of UK GDP - equivalent to 80% of the entire UK defence budget, or £454 taken from every person in the UK annually.
Breach Impact: SME vs Enterprise
These aren't just statistics - they represent fundamental market dysfunction. Small and micro firms cannot afford actuarially sound cyber insurance. Insurers pay out £95-£88 for every £100 collected in premiums from these clients, far below the 30-40% margin needed for sustainability. Meanwhile, large firms are overpaying, with insurers retaining 42% margins on their policies.
Key Takeaways from the Webinar
One-Size-Fits-All Security Doesn't Work
Cyber Essentials helps, but effectiveness varies dramatically by industry and organizational size. Not a single major certification (ISO, SOC2) objectively considers the true context of industry and size - they're checkbox exercises.
Average breach costs vary from £99k in hospitality to £198k in finance for micro firms. Sector-specific risk scores range from 580 to 920. Yet certifications treat all organizations identically.
AI Is Changing the Economics of Attacks
Targeted attacks that previously required substantial resources now cost the price of an AI tool subscription. With digital transformation expanding attack surfaces and remote work creating more entry points, SMEs have become economically viable targets.
More than half of enterprise breaches in 2023-24 were initiated through SME firms in the supply chain - and this was before widespread AI-assisted attacks.
Regulatory Pressure Is Accelerating
Regulatory fines are escalating at 12% annually. The EU's NIS2, DORA, and AI Act all require machine-readable evidence and continuous compliance demonstration. SEC rules in the US point the same direction.
The future isn't about annual audits - it's about continuous automated monitoring with faster, machine-readable evidence for enforcement. The only uncertainty is pace, not direction.
Traditional Assessment Methods Don't Scale
Traditional consultants evaluate 550 data points for small firms, cost £8k-£16k, and take 1.5-2 weeks. Enterprise GRC tools track 950-1,850 data points but require £6k-£79k annually plus dedicated internal resources.
RateYourCyber evaluates 1,800-2,300 data points, costs £3k annually, and completes assessments in 2-5 hours with no dedicated resources required.
The Plain English Problem
The cybersecurity glossary contains over 10,000 specialized terms - more than medical terminology, finance, or aircraft manufacturing. This creates a fundamental communication barrier between technical teams and business decision-makers.
RateYourCyber's Plain English toggle translates all technical findings into language business leaders can understand, enabling informed security investment decisions.
Integration Enables Implementation
Assessment results flowing directly into HaloPSA means MSPs can instantly identify client gaps, see budget context, and convert recommendations to trackable tickets. This transforms security from annual reports to continuous improvement with clear implementation paths.
MSPs get comprehensive security scores, prioritized recommendations, industry benchmarking, and automated workflow - all in the platform they already use daily.
What Happens Next
The cybersecurity challenge facing SMEs isn't getting easier. AI-powered attacks, escalating regulatory requirements, and insurance market dysfunction are creating enormous pressure on small and medium enterprises.
MSPs are uniquely positioned to help clients navigate this environment - but only if they have tools that enable systematic gap identification, benchmarked assessment, and actionable implementation guidance.
That's precisely what the RateYourCyber + HaloPSA integration delivers.
Full Webinar Presentation
View the complete 12-slide presentation covering threat landscape projections, breach economics, insurance market analysis, and the RateYourCyber platform overview.
Open Presentation in New TabSee the Integration in Action
Discover how RateYourCyber + HaloPSA enables MSPs to deliver enterprise-grade security assessments, identify client gaps systematically, and build implementation roadmaps - all through your existing PSA platform.
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