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Mastercard and Global Cyber Alliance partner on cybersecurity toolkit for SMEs

Mastercard and the Global Cyber Alliance (GCA) have released a cybersecurity toolkit specifically designed for small and medium-sized enterprises. The CGA is an international, cross-sector initiative dedicated to eradicating cyber risk

The new kit is a free online resource, available worldwide, and offers actionable guidance and tools with clear directions to combat the increasing volume of cyberattacks.

Reports suggest that 58% of cyberattacks are targeted against small businesses, with phishing, malware and ransomware among the most widely-used. According to the Organisation for Economic Co-operation and Development (OECD):

  • SMEs account for 99% of businesses globally, including those in the US, EU, and the UK.
  • Small businesses account for 70% of jobs, on average.
  • Small businesses generate more than half of the value added by most economies.

The toolkit developers comment that resourcing small businesses with tools to protect themselves from ever-evolving cyber risks not only strengthens their individual businesses but also supports the health of the entire commercial ecosystem, including governments and larger companies.

Helping these small businesses be more secure by taking a few reasonable steps will significantly reduce risk for both the small business and its partners, no matter their size or resources.

The GCA Cybersecurity Toolkit arms small business owners with basic security controls and guidance, including:

  • Operational tools to help them take inventory of their cyber-related assets, create and maintain strong passwords, use multi-factor authentication, perform backups of critical data, prevent phishing and viruses, and more.
  • How-to materials, such as template policies and forms, training videos, and other foundational documents they can customise for their organisations.
  • Recognised best practices from leading organisations in the industry.

“What sets the CGA Cybersecurity Toolkit apart is that it is an action kit," said Philip Reitinger, Alliance president and CEO.

“Our focus is on producing a dynamic clearinghouse of operational tools that help small and medium businesses address risk and improve their cybersecurity posture, leveraging the deep expertise of our network of global partners, such as Mastercard, and the experiences of actual GCA toolkit users.”

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