The Indian Computer Emergency Response Team (CERT-In) had received and tracked as many as 12.67 lakh cyberattack incidents by November 2022. 

According to CyberPeace Foundation, 43 percent of all cyberattacks target small businesses and startups. Moreover, the IBM Security Data Breach Report of 2022 pegs India’s average data breach cost at a whopping ₹17.6 crore for the fiscal year of 2022.

Securing the Small and Medium Businesses:

MSMEs and SMBs together form the crux of the Indian Economy. The MSME sector is estimated to have over 65 million firms that generate employment for over 110 million people. What’s more, the MSME sector contributes close to 40% to the Indian GDP. 

As India marches towards its ambition of being a $5 trillion economy, the MSME sector will be required to play a pivotal role. Besides policy decisions and various facilitating schemes announced by the government to support MSMEs, ramping up cybersecurity investment into the sector will be crucial in achieving this dream. Indian MSMEs that contribute close to 40% of the Indian GDP cannot afford to slow down on account of cyber attacks and breaches. The challenges that this industry faces include:

1. Limited cybersecurity budgets
2. Lack of skilled cybersecurity professionals
3. Inability to invest in the best cybersecurity tools

Sampan Bharat. Surakshit Bharat

Qualys Inc., a leader in Risk based Vulnerability Management, operating for over a decade in India is launching its new initiative to ensure a secure and prosperous MSME ecosystem. The program highlights include:

• Enterprise technology now at SMB affordability: Choose a package that suits your pocket. Affordable packages custom built for MSME/SMB
• Certification programs to skill the MSME/SMB workforce
• Affordable pricing that will not pinch the budgets
• Building alliances with ecosystem partners to help MSMEs secure their business

Register here:

Register for the the launch of Sampan Bharat. Surkashit Bharat and explore how your firm can be secured.