Page 14 - Plastics News December 2020

“DIGITAL TRANSFORMATION & IMPLICATIONS OF CYBER SECURITY FOR MSME's”
th
Held On 27 November 2020

Knowledge Partner: look at this as a fruitful and necessary investment and not as
YES Bank Ltd. an expense. Therefore, this session has helped all of us gain
insights from the subject experts themselves.
Powered By:
Our experts Hari Chandra Sharma- Executive Vice President
Cymasters Infosec Pvt. Ltd.
& Regional Business Leader- Trade & Forex Management - YES
Tally Solutions Pvt. Ltd. Bank, Mr. Nikhil Talwar - Director, Cymasters Infosec Pvt Ltd
and Mr. Pugal. T - Senior Consultant, at Tally Solutions Pvt.
Ltd. have shared their knowledge and insights with us so we
The webinar started with Mr Kishore Sampat – Senior VP, can apply it for a better understanding and development of
AIPMA, introducing the President – Mr Chandrakant Turakhia our businesses.
who gave the welcome address and Chairman Governing
Council – Mr Arvind Mehta, gave us the Industry perspective After the presentations by the experts, the floor was left open
on the said topic. for Q/A round to provide the participant a direct opportunity
to interact and clear their doubts with the expert.
Technology adoption has always been a major challenge for
the MSME sector due to lack of capital and poor understanding Target Audience
of digital tools. MSMEs are the worst affected due to lockdown ŸMSME's who intend or already utilizing various Digital tools
& other challenges as imposed by Covid'19. In order to sustain to scale up their business & smoothen day to day
themselves they must opt for digital platforms and larger functioning by minimizing risks involved in it.
adoption of online resources available to them. This does Key Takeaways
bring both ease in performing their business operations &
vulnerability towards different threats of digitization. ŸWhat are the Risks my business is facing?
ŸWhat common frauds are occurring with businesses in
While developments certainly highlight that the MSME sector
is gradually undergoing a digital makeover, they also bring India?
along digital security issues. We need to realize that our ŸWhat precautions should our employees be taking to
digital assets need to be protected similarly as physical and ensure business Continuity?
intellectual assets. Or else, we will not be able to reap the ŸHow do I stay protected?
benefits of technology to the fullest potential. Our knowledge
and understanding about these subjects make it a challenge ŸHow Technology & Accelerate business?
for the industry to use it to our benefit. ŸHow to manage cash flows & optimize receivables?
Businesses that can tap and use such a platform in their ŸLeveraging Technology etc.
services and day to day business, using digital channels This extremely interactive session was attended by over 100
without enhanced costs would have a head start in the next participants who enjoyed the program tremendously and
phase of business. Digital transformation could be a boon! many came forward and asked the speaker about training for
Though this comes with digital security issues on the flip side. their staff at their offices.
MSME's should also focus on protecting their digital assets Mr. L.K Singh Vice President - North, AIPMA ended the session
from cybercrimes and hacks.
by thanking the President, expert speakers, sponsors and all
Digital Transformation & digital asset protection is the need the participants for making the webinar a great success.
of the hour for the MSME sector. It's about time that MSMEs

DECEMBER 2020 14 Plastics News