Technology for MSMEs: The large corporations, critical government infrastructures, and others have built strong resilience to cyber threats, but small business and start-ups need to cover-up and remain extra vigilant.
Technology for MSMEs: The outbreak of COVID-19 pandemic has impacted the economy and businesses across the globe. Among the worst affected in these trying times are the small business and start-ups, as they stare at major financial resource crunch. It’s a double whammy for small enterprises and startups, with the rising threat of cyber frauds and data breaches. Cybercriminals are increasingly becoming effective as their techniques are evolving at a fast pace, and this makes businesses always at risk of a cyber-attack. The large corporations, critical government infrastructures, and others have built strong resilience to cyber threats, but small business and start-ups need to cover-up and remain extra vigilant with a robust strategy to mitigate risks.
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As businesses are increasingly storing confidential information and data in cloud services, the necessity for more complex security practices and strategies has become even larger. The small businesses and startups often lack the necessary resources and security policies to defend against cyber frauds, thus making them easy targets for hackers. The primary concerns for businesses are the security of customer information and intellectual property data. In the face of these threats, the organization should adopt and implement strict IT security policies to minimize system weakness.
Source: Financial Express
