We are happy to announce the collaboration between Cyberangels, a company specialising in cybersecurity, and Backtowork, the business platform for investors and entrepreneurs. Together, we have created a series of three articles dedicated to the importance of cybersecurity for SMEs, strategies for managing sensitive data and security solutions for agile working. These articles will be published on the Backtowork blog and will be available free of charge to all readers. Our partnership aims to provide useful information on IT security management to help readers protect their own data and that of their business.
Cybersecurity in SMEs and start-ups: a crucial issue for investors
1st Publication - 22/02/2023
In recent years, European and Italian SMEs have suffered numerous cyber attacks that have caused considerable damage. According to the Clusit Report 2022, some 7,144 cyber attacks were recorded worldwide in the last three years, of which more than 900 in Europe and 185 in Italy. These numbers highlight the lack of attention paid by SMEs to basic cyber security precautions.
The pandemic has amplified the situation, as it has led to a strong acceleration of the digital transformation of companies, creating a tight integration between the physical and virtual worlds. However, despite the increase in digital data, security measures to protect it have not grown proportionally. In summary, the emergency caused by the pandemic has highlighted Italy's weakness and fragility in the cybersecurity sector.
The situation prompted the Italian government to take measures to improve the cybersecurity situation in the country. In June 2021, the Agency for National Cybersecurity (ACN) was established with the aim of protecting national interests in cyberspace. In addition, the National Plan for Recovery and Resilience (NRP) also included measures to improve corporate cybersecurity.
The future of investment: why cybersecurity is a sector to watch
2nd Publication - 22/03/2023
The cybersecurity market will be worth $266.2 billion by 2027, up from $173.5 billion recorded at the end of 2022, with annual growth of 8.9%. According to a study by MarketsandMarkets.at, growth is driven by the adoption of cloud technologies and the transition from remote work, prevalent during the Covid year, to hybrid or 'anytime, anywhere' work, which requires efficient protection of networks, devices and applications.
The increase in cyber-attacks (+37% in the two years of Covid-19) has raised corporate awareness of the importance of cybersecurity services, making them an essential part of corporate management.
This innovative IT security strategy is ideal for the move towards hybrid and multi-cloud infrastructures, where organisations need to ensure constant protection across various ever-changing and complex IT environments, the report said.
In a world where cyber security is a necessity rather than an option, it is not surprising that investors are paying more and more attention to this aspect when evaluating investment opportunities. Investing in a cyber-secure company can bring numerous benefits to investors, while choosing not to do so could entail significant risks.