Onsurity has teamed up with DBS Bank India to introduce CyberSure, a comprehensive cyber protection plan designed specifically for Small and Medium Enterprises (SMEs) across India. This initiative aims to offer robust digital security solutions to SMEs, which often lack the resources and expertise to defend against escalating cyber threats.
Addressing a Growing Concern: Cyber Threats to SMEs
Data from the National Crime Records Bureau indicates that Indians lost over INR 7,488 crore to cyber fraud in 2023 alone. Given the limited cybersecurity infrastructure of many SMEs, these businesses are particularly vulnerable to such threats. To address this gap, CyberSure provides a range of protective benefits, including an insured sum of INR 10,000 per customer. As an added incentive, DBS Bank India will cover the first month’s subscription cost for 10,000 eligible SME owners. After this period, users can continue with an affordable monthly plan.
Key Features of CyberSure: Holistic Protection for SMEs
The CyberSure plan offers several essential features designed to protect SMEs:
- Comprehensive Digital Theft Coverage: CyberSure provides full insurance coverage against digital theft, available through a convenient monthly subscription for all users. This coverage aims to mitigate financial losses due to cyber incidents.
- 24/7 Dark Web Monitoring: To safeguard user identities, CyberSure continuously scans the dark web for exposed private credentials. If any sensitive information is detected, users receive prompt alerts along with instructions to secure their data.
- Interactive Cybersecurity Awareness Modules: CyberSure enhances cybersecurity awareness through engaging edutainment modules available in regional languages. These interactive lessons cover critical topics such as personal information protection, social engineering, phishing, and password safety.
- Digital Health Check: Users receive a quick evaluation of their digital well-being through a digital health score, allowing them to proactively manage their cybersecurity posture.
Leadership Insights: Driving Cyber Safety for SMEs
Commenting on the partnership, Kulin Shah, Co-founder and Chief Operating Officer of Onsurity, emphasized the need for dedicated cybersecurity solutions for SMEs. “SME business owners often juggle multiple responsibilities; however, cyber safety demands specialized attention,” Shah stated.
DBS Bank India’s strong SME presence makes it the ideal partner for this launch.”
Sudarshan Chari, MD & Head of SME Banking at DBS Bank India, stated: “With growing cyber threats, SMEs need accessible protection to secure operations and data.” CyberSure aligns with our promise to help businesses ‘live more, bank less,’ offering entrepreneurs the security they need to thrive.”
A Strategic Partnership for Future Growth
This partnership, formalized at the Global Fintech Festival, aims to offer SMEs advanced solutions beyond traditional banking.