EverSafe Online: Pre-empting cyber attacks so companies avoid huge losses

China

4 min read

Apr 14, 2020

By Hua Nan, Wang Xiao'e

Image: Shutterstock

Making cybersecurity affordable for SMEs, Shenzhen-based Eversafe Online launches China's first business intelligence search engine to track, pre-empt cyber attacks

In November 2016, China's first overseas-listed P2P lending platform Yirendai reported 3Q financial loss of RMB 81.3m due to a cyber attack on one of its lending products. In 2019, businesses were estimated to have incurred total losses of over $2tn worldwide. In the rapidly growing social media sector, about 53% of logins were fraudulent and 25% of new accounts found to be fake, according to a report by Arkose Labs.
However, many companies are reluctant to spend more on cybersecurity because it does not generate revenue. New companies also tend to focus on growing the business during...

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Edited by Suzanne Soh

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