MSMEs are vulnerable to cyber threats - the most ignored concern in India | Thanks to the latest issue of Fundamatics on Cybersecurity
Dr. Shekhar Pawar
Founder & CEO @ SecureClaw & GrassDew IT Solutions ??? Doctorate in Cybersecurity from SSBM Switzerland ?? We Offer???Virtual CISO | VAPT | SAST | BDSLCCI | Software Development | Teleservices
In India, 63 million Micro, Small, and Medium Enterprises (MSMEs) contribute employment of 164 million, 30% of GDP, and around 40-50% exports. However, according to global reports, 43% of cyberattacks target small businesses, and one in two small and medium enterprises (SMEs) has a chance of a cyber breach. Without cyber security protection, these businesses could hamper the country’s economy, as they contribute significantly to the economy.
I am thankful to the IIT Bombay Alumni Association for publishing an article authored by me for the Cybersecurity Special Edition.
Title of the article:
Micro, Small, and Medium Enterprises (MSMEs) are Vulnerable to Cyber Threats - The Most Ignored Concern in India
Read full article here: https://fundamatics.net/msmes-are-vulnerable-to-cyber-threats-the-most-ignored-concern-in-india/
Fundamatics is a publication of the IIT Bombay Alumni Association, envisioned as one that is by IIT Bombay (IITB) alumni, faculty, and students, and for the same vast community. It is a platform that aims to build interaction and engagement within this community, as well as a window that enables different segments of this community to “look out” and air their views and opinions on issues that concern IITB, our society, industry, and the nation.
Whether you're a cybersecurity professional or simply curious, this issue has something for everyone. Here’s your chance to swap crackers this Diwali for an enlightening read! ?
This issue brings you expert insights across diverse areas, from Trust Lab’s pioneering research at IITB to the role of AI in fortifying cyber defenses. Explore the world of Capture The Flag (CTF) competitions, and gain knowledge on banking cyberfrauds. Plus, discover why asset management is essential, packed with strategies to protect your digital assets, this issue is a must-read for anyone navigating today’s interconnected digital world.
Don't miss?out?—?dive?in!
More than 40% of MSMEs never conducted any cybersecurity awareness training for their employees, which is the biggest threat helping cybercriminals targeting these companies, as illustrated in the figure.? Around 39% of MSMEs are sure they have faced cyberattacks.
Stay Safe ?? Stay Secured ??
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