India’s 60 million micro, small and medium enterprises (MSMEs) employ over 100 million people and contribute nearly 30% of gross domestic product.
“The sheer scale of small businesses, digitalisation, and hybrid work all make it very interesting for threat actors to launch fresh attacks,” said Atul Agarwal, Regional Vice President and Country Manager, India at Okta.
He was speaking at a fireside chat titled ‘Small biz, big target: Navigating the cyber jungle’ during TechSparks 2024 in Bengaluru.
The small and medium-sized businesses (SMBs) of yesterday, Agarwal said, are the enterprises of today, because they are all going to scale to become enterprises and beyond.
“Digitization is something that cuts across enterprises and SMBs, which means that cybersecurity comes as a part of it. The more the digitisation, the more the threat surface from a cybersecurity standpoint,” he said.
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