Is Your Business Cyber-Ready? Discover It with Mastercard Cybersecurity Assessment Tool

December 27, 2024 / Time to read: 2 minutes
Is Your Business Cyber-Ready? Discover It with Mastercard Cybersecurity Assessment Tool
Cybersecurity threats directly impact your bottom line—they halt operations, drain revenue, and erode customer trust. Every year, small and medium-sized businesses face a growing wave of cyberattacks, from phishing schemes to ransomware, that can cost them their reputation, revenue, and even survival. The question isn’t if your business will be targeted but whether you’re ready to handle it when it is.

So, to help businesses assess and strengthen their cybersecurity posture, Mastercard has introduced an interactive Cybersecurity Assessment Tool. Designed for leaders who want to identify vulnerabilities, this tool goes beyond mere evaluation; it provides practical recommendations to help you fortify your defences against evolving threats.

Why Assessing Your Cybersecurity Matters

Nearly half of all cyberattacks target small and medium-sized businesses, often with devastating consequences. According to recent findings, businesses hit by cyberattacks face:

  • Operational Disruption
    Cyberattacks paralyze essential business functions, from payment systems to customer data access, forcing operations to halt completely.
     
  • Financial Losses
    Businesses face compounding costs: ransom demands, system restoration, revenue loss during downtime, and emergency IT response expenses.
     
  • Reputational Damage
    Data breaches trigger lasting damage—87% of consumers abandon companies after security incidents, directly impacting revenue and growth.

The Cybersecurity Assessment Tool helps identify these vulnerabilities before they become crises. And yet, many businesses skip regular cybersecurity assessments, treating protective measures as optional rather than critical. This oversight can transform a manageable issue into a catastrophic event.

 

A Simple Tool for Complex Challenges

Mastercard Cybersecurity Assessment Tool demystifies the complexity of cybersecurity. In just a few minutes, you can:

1. Identify Potential Risks

The assessment helps you understand your knowledge of the security aspects of your digital infrastructure, such as email and password policies and access management - core areas where breaches often begin.

2. Get Actionable Insights

During the assessment, the tool shares specific recommendations. These insights highlight urgent vulnerabilities while providing suggested improvements.

3. Plan Strategically

With an understanding of weaknesses, the tool will help to prioritize security investments by impact level, ensuring resources first target your most critical vulnerabilities. 

 

Every minute without a cybersecurity assessment compounds business risk. When cyberattacks strike, they devastate operations. Payment systems freeze mid-transaction. Customer data becomes vulnerable. Years of built trust vanish overnight. While businesses scramble to recover, competitors capture market share. The question isn't whether an attack will occur, but how much will be lost when unprepared.

Use this complimentary assessment tool to learn essential steps to protect what matters most.


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