Technology is advancing at an unprecedented rate, yielding benefits across various sectors. However, this rapid progress underscores the growing importance of cybersecurity, with an increasing number of vulnerabilities coming to light. Micro, Small, and Medium Enterprises (MSME) are vital, often serving as the backbone of emerging economies as they help in fostering economic growth, and stability, and empowering women. They serve as a source of income for millions of families engaged in small businesses, particularly in developing nations.
However, amidst the COVID-19 pandemic, numerous MSMEs, during their transition to online operations, were rendered vulnerable to cyberattacks. The emergence of rapidly evolving technologies and increased reliance on digital platforms have heightened the risk of cybercrime in the MSME sector. Given their significance to a nation’s economy, it is imperative to safeguard MSMEs. In this context, cyber insurance can serve as a support system for MSMEs.
The emergence of rapidly evolving technologies and increased reliance on digital platforms have heightened the risk of cybercrime in the MSME sector. Given their significance to a nation’s…
