CYE, the industry leader in cybersecurity optimization platforms, today announced the launch of its new cloud-based cybersecurity optimization platform, HyverLight, for small and medium-sized enterprises (SMEs). Additionally, CYE has partnered with ALSO Holding AG, a leading technology provider for the ICT industry, to offer HyverLight in 90 countries worldwide.
In recent years, SMEs have seen a drastic increase in cyberattacks, which has only accelerated since the onset of Covid-19 and the explosive growth of eCommerce. Unfortunately, due to the high costs associated with cybersecurity solutions and lack of technical expertise, most SMEs are not properly prepared to prevent attacks.
Today, 43% of all cyberattacks target small businesses, and last year alone, there was a 424% increase in small business cyber breaches. SMEs lose over $2.2 million on average a year due to cybersecurity breaches, and 60% of SMEs go out of business within 6 months of falling victim to cybercrime.
HyverLight is designed to provide continuous automated cybersecurity assessment of main threat environments specific to SMEs by using advanced algorithms and graph modeling to cover the entire organization and third-party vendors.