Cyber protection for SMEs
February 2018, News, Cyber Security

J2 Software has launched a packed solution aimed at helping SMEs 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)^[1], 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^[2] reveals that in Holland, cybercrime costs the Dutch SME sector 1 billion Euro each year. At today’s exchange rate, that equates to R16704 250 000,00. The figure for the Dutch economy as a whole is put at around €10 billion, or 1,3% of that country’s GDP.

John McLoughlin.

J2 Software MD, John McLoughlin, says that not only are these figures staggering but that the local SME sector is not immune to these international patterns. “In South Africa, the security industry in general has left this sector heavily under serviced and thus reduced to implementing in-house initiatives to fight this very real threat.”

He highlights the fact that SMEs in South Africa are increasingly becoming a target for cyber criminals. “An article published earlier this year in SME South Africa^[3] cited the lack of resources in the sector as one of contributing factors with a director of the Centre for Cyber Security at the University of Johannesburg urging SMEs to seek consultants to assist with the issue. The sector is reputed to be particularly susceptible to theft of sensitive information with instances of companies being forced to ransom back their data.

“J2 Software’s solution set will enable SMEs to get world-class security capabilities without the need for an increased head count to focus purely on these threats. We have been providing information security services and solutions since 2006 and in that time have gained vast experience working with businesses of all sizes. SMEs now have the ability through this offering, to be protected online, ensure data is accessible and secure while allowing their users the freedom to do their work in a connected world.”

McLoughlin explains that the new release has been developed by J2 Software’s team of experts to provide not only a set of solutions but also a monitoring service that instantly flags threats for customers. “This packed solution set has application in all businesses in the SME arena regardless of size or number of users i.e. it is a good fit for 5, 10 or 50 user businesses,” he says.

J2 Software’s SME focused security service will provide protection for all users while they are online. This covers the most pressing security needs for the SME, including web security, endpoint protection and a wide range of add-on options that allows customers of all sizes to focus on their business while the J2 Software team work on their information security.

[1] http://businessmediamags.co.za/sa-ranks-worlds-third-highest-cybercrime-victims-2/

[2] https://www2.deloitte.com/nl/nl/pages/over-deloitte/articles/cyber-crime-costs-dutch-sme-sector-1-billion-each-year.html

[3] http://www.smesouthafrica.co.za/17273/SMEs-vulnerable-to-cyber-attacks/

For more information contact J2 Software, +27 (0)87 238 1870, john@j2.co.za, www.j2.co.za