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Cisco Launches New Assessment Tool to Help SMEs Gauge Cybersecurity Preparedness

According to Cisco's Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense study, more than half (62%) of SMBs in India suffered cyber incidents in 2021 and said that cyber-attacks cost their business more than INR 3.5 crore.

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Cisco has launched a new cybersecurity assessment tool to enable small and medium-sized businesses (SMBs) in the Asia Pacific to better understand their overall security posture. Cybersecurity has become a key focus area for organizations as they embrace hybrid work, allowing employees to securely work from anywhere and through various devices. This has expanded the attack surface and increased cybersecurity risks beyond the perimeters that companies have traditionally built to protect the business.

The new online assessment tool assesses the “cybersecurity readiness” of each organization through the lens of “Zero Trust,” the concept that all attempts to access an organization’s network architecture are not granted until trust can be verified. When a user accesses an application using a device, both the user and device are verified, with that trust continuously monitored. This helps secure the organization’s applications and environments from any user, device, and location.

The tool assesses the organization’s level of maturity in six areas of Zero Trust, i.e., User and Identity, Device, Networks, Workload (applications), Data, and Security Operations. Once the organization enters details of its security capabilities and policies, the tool assesses the overall security posture of the organization based on industry and sector benchmarks.

It generates a bespoke report for each organization that indicates their level of maturity, challenges, and opportunities in each of the six areas of Zero Trust. Where applicable, it offers tailored recommendations on the technologies and solutions that can help strengthen the organization’s overall security posture and preparedness in a hybrid work environment.

SMBs in the Asia Pacific are becoming increasingly educated about current cybersecurity risks and are investing more to better prepare for cyber incidents. According to Cisco’s Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense study, more than half (62%) of SMBs in India suffered cyber incidents in 2021 and said that cyber-attacks cost their business more than INR 3.5 crore.

During the same period, three in four (74%) SMBs in India suffered cyber incidents that resulted in 85% of customer information loss to malicious actors, in addition to a tangible impact on business. The number one reason highlighted as the cause of these incidents was cybersecurity solutions not being adequate to detect or prevent the attack. These attacks have a tangible impact on SMBs – from disruption in operations and loss of revenue to a negative impact on the organization’s reputation.

The mass shift to hybrid working, triggered by the pandemic, has led to a sizable proportion of employees connecting to organizations’ networks and accessing information from outside the office, with many using personal devices to do so. According to SMBs surveyed for the study, phishing, unsecured laptops, targeted attacks by malicious actors, and the use of personal devices are among the top threats to their overall security. A well-executed Zero Trust strategy can help mitigate these threats and safeguard businesses and customers.

“With small businesses digitizing at speed and scale and the threat landscape becoming far more sophisticated than ever before, securing their business becomes a top priority. Going forward, SMBs must ensure end-to-end protection across their workforce, workloads, and the workplace and adopt a zero-trust strategy to manage and strengthen their cybersecurity posture in a cloud-first world,” said Anand Patil, Senior Director, Systems Engineering, Cisco India & SAARC.

“As a first step to adopting this strategy, SMBs can leverage Cisco’s new, online self-assessment tool that provides a better understanding of their cybersecurity landscape and the opportunities and gaps that require attention,” he added.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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