Cybersecurity for small businesses
Understanding the Costs, Barriers, and Opportunities
Authors Mastercard Strive
With the support of
As they digitalize operations, small businesses are increasingly vulnerable to cyberattacks, facing threats like ransomware, phishing, and supply-chain breaches. Cyberattacks can cause severe financial losses, reputational damage, and often business closure. Key barriers to cyber resilience include lack of funding, skills, awareness, and access to affordable, tailored cybersecurity solutions. Current cybersecurity offerings often cater to larger firms, leaving micro- and small businesses exposed.
Mastercard Strive’s EU Innovation Fund is helping bridge this gap by supporting simpler, user-friendly cybersecurity solutions specifically for small businesses, aiming to build resilience and close critical knowledge gaps in the sector.