Onsurity & DBS Bank India strengthen cybersecurity for SMEs

By Gloria Mathias

Onsurity has partnered with DBS Bank India to offer CyberSure, a comprehensive cyber protection plan tailored for owners of Small and Medium Enterprises (SMEs) across India.

Data from the National Crime Records Bureau revealed that in 2023 alone, Indians suffered losses exceeding INR 7,488 crore due to cyber fraud. SMEs often lack the resources and expertise to implement robust digital protection measures, making them particularly vulnerable to cyber threats. To address this, CyberSure offers a suite of value-added benefits, with a sum insured of INR 10,000 per customer.

Key features of the plan include:  

• Comprehensive insurance coverage for digital theft is available through a convenient monthly subscription plan for all users.
• 24/7 dark web monitoring to safeguard users’ identities by scanning the dark web for signs of their private credentials being exposed in a data breach. If any credentials are found, CyberSure will promptly alert the user and provide clear instructions on how to protect their identity.
• Engaging edutainment modules with videos and interactive content in regional languages to enhance cybersecurity awareness.
• A thorough digital health check that offers users a quick evaluation of their digital well-being and a digital health score.

Kulin Shah, Co-founder and Chief Operating Officer of Onsurity, said, “SME business owners often juggle multiple responsibilities, but cyber safety demands specialised attention, especially given the sophisticated threats we face today. Our monthly subscription-based model offers SME owners peace of mind, allowing them to focus on growing their business while we handle their cyber protection. With DBS Bank India’s strong presence in the SME sector, we couldn’t have asked for a better partner to bring this essential product to market.”

Sudarshan Chari, Managing Director & Head of SME Banking at DBS Bank India, said, “As cyber threats become more complex, SMEs need robust and accessible protection to secure their operations and data. CyberSure provides an additional layer of security, allowing entrepreneurs to focus on what matters most: growing their businesses. This aligns seamlessly with our brand promise of ‘live more, bank less.’ Onsurity’s expertise in providing tailored tech solutions complements our efforts, further empowering SMEs.”