Team News Riveting
The CyberPeace Foundation (CPF) in its findings underlined that startups and small and medium enterprises (SMEs) remain the most vulnerable segment in India when it comes to cyberattacks.
As per findings in the recent handbook titled “Cybersecurity for SMEs and Startups” by CyberPeace Foundation (CPF), the digital transformation has been a great boon for SME`s and startups in 2020 as more businesses come online and has opened up opportunities for cybercriminals to target weak or non-existent cybersecurity infrastructure which smaller businesses tend to generally have in India.
The most common forms of cybersecurity challenges faced by startups are include employee negligence that lead to cyberattacks including data breaches are accidental loss of the device containing confidential data, leaving the workstation unprotected or unattended, sharing confidential information such as passwords via paper notes and remote working using an unsecured or public network connection.
With COVID19 prompting startups and SMEs to institute work from home policies, the potential for cyberattacks has increased manifold. Most employees tend to use personal unsecured devices to do work which results in data breach. IoT devices used by employees are often unsecured which results in the maximum number of data breaches.
Ransomware, Cyptojacking, Phishing, Password targeting attacks and APT are common types of cyberattacks faced by startups and SME`s.
