Cybersecurity Challenges for Msmes in Industry 5.0

Author(s): Dr. Sheeba Julius

Abstract:

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of many economies, playing a critical role in innovation, employment, and economic growth. As Industry 5.0 emerges, characterized by the convergence of advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), and robotics with human-centered approaches, MSMEs face new Cybersecurity challenges. Unlike large enterprises, MSMEs often lack the resources, expertise, and infrastructure to defend against sophisticated cyber threats. The increasing connectivity of devices, coupled with limited Cybersecurity preparedness, makes MSMEs particularly vulnerable to data breaches, ransom ware attacks, and intellectual property theft. This paper examines the unique Cybersecurity challenges that MSMEs encounter in the context of Industry 5.0. It explores how digital transformation, while offering operational efficiencies and competitive advantages, introduces heightened risks from cyber adversaries. Key focus areas include the security of IoT devices, the role of AI in both defending and attacking MSMEs, and the implications of remote work for Cybersecurity. The paper also highlights the evolving threat landscape, characterized by more complex and targeted attacks, often exacerbated by a lack of awareness and insufficient security policies within MSMEs. Additionally, this paper identifies potential strategies to mitigate these Cybersecurity risks, emphasizing the need for affordable, scalable, and user-friendly solutions tailored to the unique constraints of MSMEs. By addressing these challenges, MSMEs can better navigate the Industry 5.0 era, ensuring business continuity and protecting their critical assets.

keywords:

Pages: 141-147     |    2 View     |    0 Download