I first realized the depth of cybersecurity when I understood how a data breach, a cyber attack or a phishing email can affect millions of citizens. Before co-founding my company, I had been very active in the smart city arena, where I was part of PwC’s global Smart Cities team. As cities become increasingly smart and digital, there is a downside to that internet and technology dependency, which is the vulnerabilities of anything connected to the internet.
Similarly, nearly every SMB around the world is internet-dependent. With cyberattacks making headlines every day, owners of small and medium-sized businesses (SMBs) need to understand that cyber risk is business risk.