Startups, SMEs need incentives for stronger cybersecurity: WEF official

Startups and small and medium enterprises (SMEs) face significant challenges in prioritising cybersecurity, and addressing these requires a combination of strong incentives and regulatory support, according to Akshay Joshi, Head of the World Economic Forum's Centre for Cybersecurity.

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“There needs to be incentives that are brought into the mix for appropriate investments into cybersecurity,” Joshi said, emphasising that regulation plays a crucial role.