The main work conducted was a market analysis focussed on SMEs in Europe, interviews with SME owners and senior teams, SWOT analysis, intellectual property research, a sales and marketing strategy, technical development and innovation strategy, staffing and operational requirements analysis and financing requirements.
The overall results showed that most SMEs are currently doing almost nothing, or only deploying very basic tactics, to protect their companies from the threat of malicious attacks. It was found that SMEs are squeezed from two sides – the complexity of cybersecurity attacks is growing, while the ability to hire appropriate talent is becoming harder. Meanwhile, new regulation is making it essential for SMEs to observe a greater vigilance towards cybersecurity and make adequate provisions for securing data in storage or transit. Therefore, a solution for SMEs that is all-encompassing, easy to use and raises the bar high enough without the need to hire additional staff seems to be a solution which fits the needs and budget availability of SMEs.