According to the study, titled 'Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense', more than half (62 per cent) of SMBs in India that suffered cyber incidents in the past 12 months said that cyber-attacks cost their business more than Rs 3.5 crore. The survey highlighted that SMBs saw several ways in which attackers tried to infiltrate their systems. In India, malware attacks, which affected 92 per cent of SMBs, topped the charts, followed by phishing (76 per cent). Meanwhile, 36 per cent ranked cybersecurity solutions not being adequate to detect or prevent the attack as the number one reason. The study highlights that they are taking strategic measures like carrying out simulation exercises to improve their cybersecurity posture.

Source: The Express Tribune September 27, 2021 13:07 UTC