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Ransomware Threat to SMBs
A report of Checkpoint research says, few small and medium sized businesses realise they are just at risk, if not more so than larger enterprises. In fact, in 2022 alone, 61% of all cyberattacks were aimed at small businesses.
The importance of SMBs in India cannot be ignored where the Ministry of State for Micro Small and Medium Enterprises stated that MSMEs contributed to 35.98 percent of India’s total manufacturing output in 2020-21, with MSMEs providing employment to about 111 million persons in India and contributing to approximately 50 percent of overall exports from the country. Infact MSMEs account for 27 percent of India’s GDP and serves as the backbone of the economy according a recent Assocham-Crisil report.
Part of the appeal for these cyberattacks on SMBs is that SMBs retain a wealth of confidential information from medical records to bank accounts, all of which cybercriminals can either sell or hold for ransom.
The initial cost of a ransomware attack can be crippling, not to mention the additional fines SMB companies may be subject to if confidentiality laws are breached. Adding to that the loss of customer trust that many SMBs rely on to compete with larger companies, and you get a clearer picture of how devastating an attack can be.
It is time to Control the use of USB sticks and external hard drives
SMBs expect 40% of employees to continue working remotely for at least part of the week. Ensuring their security is managed correctly should be your highest priority. For example, we’ve all been tempted to transfer files between colleagues or organisations using an external memory stick or USB drive, but it only takes one unsecure device to compromise an entire network.
When these sticks and drives are openly shared, it becomes increasingly difficult to track the files they contain. On top of this, how do you know who has used the device previously and where it has come from? Using endpoint protectioBy VARINDIA| 25 views
5G enabled IoT ecosystem
As per a report, India’s digital economy has the potential to reach $1 trillion by 2025, with 5G being the main catalyst that will fuel this growth. Leveraging dense networks of small cells, 5G, the next-generation wireless technology now portends to open new doors to a 5G-enabled IoT ecosystem that will pave the way for new growth engines for the Indian economy.
The rollout of #5G now enables private and captive 5G networks for non-public use which will work as a great enabler of digital transformation for businesses and industries across India. This will allow companies to operate exclusive networks for their sole use – for example an airport operator who will no longer be dependent on a public network.
High-bandwidth, ultra-fast, low-latency 5G-enabled industrial IoT applications will help connect billions of networks over the next five years. According to industry reports, by 2023 the number of IoT-connected devices is expected to grow to 43 billion, a threefold increase from 2018. Other sectors that will be significantly impacted by 5G include agriculture, education, healthcare, automotive, gaming, automation, and manufacturing, to name a few.
This “smart industry” that combines the physical world with digital technologies is poised to transform the entire value chain, from research and development to design, engineering and finally manufacturing. For India, the development of highly competitive manufacturing hubs is one of the greatest opportunities to keep pace with economic growth and contribute to its goal of a $1 trillion electronics manufacturing economy by 2025.
From a performance perspective, 5G can handle a workload of up to 1 million devices per square kilometer. Interestingly, the Gati Shakti Team from the Logistics Division of the Department of Promotion of Industry and Internal Trade of the Government of India recently issued a desk memorandum to all states requesting them to promptly map four categories of dataBy VARINDIA| 58 views
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in NewBy VARINDIA| 10 views
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The man behind the ICT's jerseys for Asian Games 2023
The man behind the ICT's jerseys for Asian Games 2023
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Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTracker
Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTracker
The Netherlands cricket team is gearing up for the ICC ODI World Cup 2023, which will be held in India from October 6 to November 26. The Dutch have qualified for the mega event after a remarkable performance in the World Cup Qualifier, where they defeated the likes of West Indies, Zimbabwe, and Nepal. They have also announced their 15-member squad, which includes some experienced players like Roelof van der Merwe, Colin Ackermann, and Wesley Barresi, as well as some young talents like Max O'Dowd, Bas de Leede, and Aryan Dutt.
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Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTrackerBy CricTracker| 258 views
India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
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How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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CII Celebrates India@75 - India's IT Journey@75
#DYK India is the largest #Software exporter in the world? As India completes #75yearsofIndependence, let's look at the country's IT journey over the last 75yrs.
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CII Celebrates India@75 - India's IT Journey@75By CII| 226558 views
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