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MSMEs may have previously considered themselves too small to interest threat actors, but that no longer holds true for 3 reasons:

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Arun raj

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2y ago

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Poor MSME Cybersecurity?

Many MSMEs have implemented digital solutions without the safeguards that large enterprises usually have, making MSMEs easier targets for cyberattackers. While the first 2 points listed above are beyond the control of MSMEs, the last point, regarding poor cybersecurity, can and should be addressed to prevent devastating cyberattacks.


Evolution of Cyberthreat Ecosystem?

Cyberattackers have borrowed from the legitimate software industry and embraced Software-as-a-Service (SaaS), now offering Ransomware-as-a-Service (RaaS) where attack developers license their attacks to others with limited skills and experience. This makes MSMEs viable targets for the licensee attacker who prefers to extract ransom from smaller organisations.


Change in Attackers’ Priorities?

The Colonial Pipeline attack in the USA was a tipping point for the cyberthreat sector as it elevated ransomware attacks from corporate headache to national security threat. Many cyberattackers do not wish to invite the attention of security and intelligence agencies and are therefore moving from big game hunting to smaller targets like MSMEs.


What are the benefits of MSME Registration?

Before beginning the registration procedure, it is critical to understand why MSME registration online is advantageous: a. Credit: MSMEs with valid registration can obtain lower-interest loans from a variety of financial institutions. b. Government Schemes: Registered MSMEs can take advantage of government schemes and subsidies that help lower operational expenses and encourage growth. c. Priority financing Banks are required to lend a specific amount of their overall credit to MSMEs, and registration makes such priority financing more accessible. d. Technology Upgrade Subsidies: MSMEs can receive subsidies to upgrade their technology and improve their competitiveness. e. Market Preference: Many government tenders and procurement opportunities are frequently designated for MSMEs, providing them with a competitive advantage. f. Ease of Obtaining Licences: MSME registration Online makes it easier to obtain licenses and permits


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