‘MSMEs’ flawed belief of being too small to be attacked is root cause for ignorance of cyber security’

Technology for MSMEs: IT and digitization have become an all-pervading reality for the business world. Mobile device penetration is at an all-time high in India, with a bigger potential for further growth. In the light of these facts, SMEs have begun to embrace technology as a business enabler at a faster pace. The Covid-19 pandemic has further strengthened SMEs’ belief that technology and digitization are paramount to their relevance in an increasingly limited physical contact world. SMEs have begun to increase their spending on technology for various fronts, ranging from back-office work to customer-facing operations. For example, mobile apps for customer and order management, SME focused ERP (some have ventured on to the cloud) focused on accounting and inventory management, e-commerce-oriented websites with payment gateway adoption, alignment of ERPs with service aggregator apps for better demand farming, and remote access and mobile-based access for back-office operations.

Hackers don’t differentiate between corporates, SMEs