Ireland will see its SMEs slashing their average cybersecurity budget to €57,500 in 2023 from €117,209 in 2022, according to a survey of 200 small business owners conducted by Censuswide and commissioned by Typetec. The survey further revealed that some of the common cyberattacks witnessed during 2022 were password hacking (32%), Phishing (31%), malware (27%), and employee negligence/insider attacks (23%). Meanwhile, SME owners are also worried about the impacts that cyberattacks can cause, with 40% fearing going out of business. The other significant concerns about the potential effects of cyberattacks include fear of significant business downtime, reputational damage, and loss of customers, among others.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.