The Covid-19 pandemic continues to ravage economies around the world, with businesses across affected economies scrambling to adapt. In keeping with health guidelines to curtail the spread of the virus, millions of small-to-medium businesses (SMBs) globally have had to significantly scale down operations or close shop altogether. Those that still maintain some semblance of normalcy have had to adapt, with one of those key areas for adaption being on the digital front. By By Vikas Agrawal I March 22, 2021
Cybersecurity for small business has come to the fore as more SMEs shifted towards digitalisation to survive in the unstable by Covid-19 circumstances. Yet, a whopping two out of five companies in the US and the United Kingdom with 50 or fewer employees do not have any type of cybersecurity defence plan in place, according to research from IBM and the Ponemon Institute released in 2020. By BIZ Community I March 24, 2021
Modern cyber threats are growing in scope, cost and complexity. Hackers are continuously evolving their tactics to execute breaches, hold businesses at ransom and steal intellectual property. Globally, cybercrime is estimated to cost $10.5 trillion annually by 2025. To put things in perspective, the combined revenue of the world’s largest tech companies, Apple, Amazon, Alphabet and Facebook, is close to about $800 billion. By Michelle Drolet I March 22, 2021
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