Mastercard's study reveals that nearly half of SMEs globally have faced cyberattacks, highlighting the critical need for accessible cybersecurity tools and expert support. The survey, conducted across five countries with over 5,000 SME respondents, shows that hacking and malware are the most common forms of attack, with phishing closely following. The UAE, a key participant, reports that digital skimming is a significant threat. SMEs that have experienced attacks have faced substantial challenges, including rebuilding trust and, in some cases, bankruptcy or closure. Mastercard's initiatives, such as the Business Builder program and Digital Doors, aim to support SMEs in securing their transactions and operations.

Mastercard's research highlights the critical need for small and medium-sized enterprises (SMEs) in the UAE to strengthen their cybersecurity measures, given the high incidence of cyberattacks. The study reveals that 47% of UAE SMEs have experienced a cyberattack, with malware being the most common form of attack. The research underscores the importance of effective cybersecurity to rebuild trust with clients and partners and emphasizes SMEs' need for non-expert-friendly solutions.

The article discusses the critical importance of enhancing cybersecurity measures for small businesses in the digital age. A Mastercard survey revealed that 46% of small and medium-sized businesses have experienced cyberattacks, with severe consequences such as bankruptcy or closure. The survey also highlighted the challenges small business owners face in protecting their businesses, including employee education and trust rebuilding. Mastercard has launched several initiatives to support small businesses in securing their operations, such as the Mastercard Business Builder program and partnerships with cybersecurity experts like VikingCloud and CyberMonks.