Vodafone, Inc. VOD recently announced the launch of a cybersecurity center in Düsseldorf, Germany. The cybersecurity center is set to offer around-the-clock protection to small and medium-sized enterprises (SMEs) across the country.

Vodafone boasts a comprehensive cybersecurity portfolio. The Vodafone Business Managed Security Services makes businesses more resilient against emerging cyber threats. The Unified Endpoint Management enables the admin to configure and monitor smartphones, laptops and other devices an enterprise is using. Vodafone Business Security Assessment – Security Ratings is a risk management platform that empowers businesses to continuously monitor and offer a 360-degree view of potential cyber risks. This comprehensive visibility and proper assessment of cyber health enable organizations to take swift action in the event of security issues.

Vodafone’s cyber security center will work to identify potential threats and effectively trigger protective mechanisms to thwart cyber breaches. Moreover, it will offer a cyber hub that will display info related to security status and averted cyber-attacks. Vodafone has employed more than 100 security experts and offers 24/7 services to ensure seamless implementation, monitoring and maintenance of security systems for its customers. The company is also actively working with major tech companies, including Microsoft, Lookout, CybSafe, Zscaler and Google, to further expand security capabilities and incorporate advanced features. Vodafone’s cyber center will also collaborate with customers to provide enterprise employees with proper training and tools to detect potential threats.

Will This Initiative Drive VOD’s Share Performance?

Large corporations with extensive financial resources deploy sophisticated IT infrastructure to avert cyber-attacks. SMEs with limited resources cannot commit to large-scale investments in cyber defense. This makes them vulnerable and puts them in a disadvantageous position in a highly competitive business landscape. Cybercriminals often capitalize on this loophole. Recent studies have suggested that over 50% of cyber-attacks target SMEs, and it takes about 21 days for SMEs to recover from such attacks. This immensely affects business operations.

SMEs are the backbone of the German economy, and growing cyberattacks on SMEs are a worrying sign for the country. Recognizing this overlooked segment, Vodafone, with the launch of a cyber security center, is aiming to strengthen the digital resilience of its SME customers across the country. Such a customer-oriented approach augurs well for the company’s long-term growth.

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