J2 Software has launched a packed solution aimed at helping SME’s get a handle on cyber threats. Cyber-attacks on an SME can have a far harsher long term effect than larger businesses. A larger entity will likely have established facilities in place to recover in the event of a cyber-attack. When a SME is hit; it may take days or weeks to fully recover – that is if they can recover at all.
According to the South African Banking Risk Information Centre (SABRIC)[i] SA ranks third highest in the world for cyber-attacks. Whilst there do not appear to be stats on the local SME sector, internationally a report by Deloittes[ii] reveals that in Holland, cyber-crime costs the Dutch SME sector €1 (Euros) billion each year. At todays exchange rate that equates to R16704250000,00. The figure for the Dutch economy as a whole is put at around €10 billion, or 1.3% of that country’s GDP.
- Hits: 443