It CAN happen to you: how SMEs should protect themselves from cybersecurity attacks

JOHANNESBURG – October 28, 2020: Small and medium enterprises (SMEs) are widely acknowledged as playing a critical role in South Africa’s economy, and yet they are also potentially more at risk in terms of their ongoing survival than larger enterprises. According to a recent McKinsey report, SMEs in South Africa employ between 50 and 60 percent of the country’s workforce across all sectors. At the same time, SMEs arguably face a number of challenges, which can potentially weigh on them more heavily than on larger enterprises.

These particular areas of concern include attracting customers; maintaining profitability; increasing  revenue; facing greater uncertainty during economic down-turns, and securing financing for expansion.

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