SMEs need strong cyber security for e-commerce success
They can start by getting a third party security assessment of their cyber posture rating to identify obvious security gaps.
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EXPERTS warn that small and medium-sized enterprises (SMEs) are increasingly becoming soft targets for cyber criminals. Among other things, cyber criminals are increasing hacking into smaller businesses as a way of getting access to larger companies to which SMEs are suppliers.
SMEs are easy targets as often they lack the resources, expertise and technical manpower to defend themselves against cyber attacks. The situation is serious as the 2015 Internet Security Report shows that 60 per cent of all cyber attacks are on SMEs.
In Singapore since 99 per cent of the registered companies are SMEs, they need strong cyber security going forward, particularly as they move to e-commerce for their business growth.
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