BDSLCCI

Book excerpt: This book is especially important for top management and other stakeholders of small and medium companies (SME or SMB). Small and medium companies are the major contributors to overall employment, the GDP of most countries, and the global economy. Recent cyberattack statistics show that SMEs are always a target for cybercriminals, posing a direct threat to the global economy if they are not protected. To understand the current scenarios in the SME segment, Dr. Shekhar Pawar conducted research to get insights into the current cybersecurity posture of each participant SME as well as the problems faced by businesses in adopting cybersecurity controls. The input from many SMEs working in different domains and from different countries helped Dr. Pawar understand the gaps that are helping cyberattacks to be successful. The top three issues identified during research were a lack of required financial investment, a lack of skilled resources, and not getting visibility into how investment in cybersecurity implementation will contribute to business growth. To address these problems, Dr. Pawar invented a new cybersecurity framework known as Business Domain Specific Least Cybersecurity Controls Implementation (BDSLCCI). It provides a tailored list of cybersecurity controls depending on the business domain of the SME, reducing costs and resources while providing a return on investment for businesses. BDSLCCI is now an AI ML-driven web platform with a few useful tools to assist companies in easily adopting it.