Small and medium-sized enterprises (SMEs) are the backbone of the any nation’s economy. They represent 99% of all businesses in the world and employ around million of people. For example – more than half of Europe’s GDP and play a key role in adding value to all sectors of the EU economy. SME’s serve both as enablers for the digital transformation and as a core element of the world’s social fabric.
Certcube Labs provided advisory to multiple SMEs during the pandemic, According to most of the SME’s most common cyber incidents identified were ransomware attacks, stolen laptops, phishing attacks and CEO fraud. According to our local survey, 90% stated that cybersecurity issues would have serious negative impacts on their business within a week of the issues happening, with 57% saying they would most likely become bankrupt or go out of businesses.
In a time of increased remote work and growing cyber threats, SMEs are facing major Cybersecurity challenges. Low-security budget, lack of cyber-skills and increase i