DBS Bank India and Onsurity collaborate to improve SMEs' cybersecurity

In order to provide owners of Small and Medium Enterprises (SMEs) in India with a comprehensive cyber protection package, Onsurity has teamed with DBS Bank India to offer CyberSure. CyberSure provides a range of features with additional value, and each customer is covered up to INR 10,000 in total. For the first month, DBS Bank India will pay 10,000 rupees to qualified small and medium-sized business owners. Users can stick with the plan after the first free month by subscribing to an inexpensive monthly membership.

Key features of the plan include:

• Comprehensive insurance coverage for digital theft, 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. These modules cover topics such as personal information protection, social engineering, phishing, and password safety, making cybersecurity an integral and effortless part of users’ daily lives.

• 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, 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 – SME Banking, 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. We will continue to leverage our strong ecosystem partnerships to deliver solutions that go beyond traditional banking and address the unique challenges faced by SMEs.”

The companies formalised this partnership by signing a Memorandum of Understanding at the recently concluded Global Fintech Festival, one of the largest fintech conferences in the world organised annually by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC).