Datto Holding Corp. ("Datto") (NYSE: MSP), the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), unveiled SaaS Defense, its advanced cyber threat protection product, live on stage at DattoCon NOW, the largest open-ecosystem MSP-centric event.
Following its acquisition of Israel-based cyber threat detection company BitDam earlier this year, Datto proudly debuted its SaaS Defense security product built exclusively for MSPs. The advanced threat protection and spam-filtering solution provides MSPs with patented technology to proactively detect and prevent malicious malware, phishing, and Business Email Compromise (BEC) attacks that target Microsoft Exchange, OneDrive, SharePoint, and Teams.
"MSPs protect and manage more Microsoft 365 accounts collectively than any one enterprise. This technology will now be put to work to help keep small and medium businesses safe by blocking the number one attack vector -- email, and it actually works across the entire Microsoft 365 suite," said Tim Weller, CEO of Datto. "We were so confident about the impact this technology will have on MSPs that we wanted to own it, and bring the talented minds who created it to work with us on our greater security mission."
According to the FBI Internet Crime Complaint Center, phishing remains the #1 reported cybercrime type in the United States, with BEC complaints exceeding $1.8 billion in 2020. Globally, Datto's latest State of the Channel Ransomware Report found that nearly 1 in 4 MSPs reported ransomware attacks on clients' SaaS applications, with 64% of those reporting attacks within Microsoft 365.
Datto SaaS Defense creates the opportunity for MSPs to attract new clients and expand market share with a robust yet simple security solution that eliminates the need for additional headcount or in-depth security training. Benefits include:
"This product is a game-changer for us. We needed a more forensic solution for our clients that quickly and clearly showed why a threat was flagged," said Charles Love at ShowTech Solutions, an MSP in Tampa, Florida. "SaaS Defense does just that; not only is it easy to use, but it lifts the covers in a way none of the other current solutions on the market can."
In his opening keynote address at DattoCon NOW, CEO Tim Weller surprised all current Datto SaaS Protection partners in attendance with a ready-to-use SaaS Defense product available in their Datto Partner Portal to protect them and their clients. Global availability of Datto SaaS Defense for the entire MSP community is expected in November of 2021. Learn more about Datto SaaS Defense here.
As the world's leading provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), Datto believes there is no limit to what small and medium businesses (SMBs) can achieve with the right technology. Datto's proven Unified Continuity, Networking, and Business Management solutions drive cyber resilience, efficiency, and growth for MSPs. Delivered via an integrated platform, Datto's solutions help its global ecosystem of MSP partners serve over one million businesses around the world. From proactive dynamic detection and prevention to fast, flexible recovery from cyber incidents, Datto's solutions defend against costly downtime and data loss in servers, virtual machines, cloud applications, or anywhere data resides. Since its founding in 2007, Datto has won numerous awards for its product excellence, superior technical support, rapid growth, and for fostering an outstanding workplace. With headquarters in Norwalk, Connecticut, Datto has global offices in Australia, Canada, China, Denmark, Germany, Israel, the Netherlands, Singapore, and the United Kingdom.
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