Acronis, a global leader in cyber protection, and Minterest, a leading Singapore-based online financial services solutions provider, have joined forces to launch Acronis #CyberFit Financing, Powered by Minterest to provide Singapore-based businesses with financing support to remain resilient and #CyberFit with the COVID-19 pandemic.
The unprecedented COVID-19 pandemic has forced businesses globally to operate remotely and people – to work from home. Very often, they work with unsecured digital networks and are vulnerable to cyber-attacks.
As a cyber protection company, Acronis is dedicated to helping organisations safeguard their data, applications, and systems so they can remain productive and avoid costly downtime. Essential services such as supermarkets, drug stores, medical services, mechanical services, police, and governmental agencies will need cyber protection to be #CyberFit so their IT infrastructure remains protected and operational during the COVID-19 outbreak.
Serguei Beloussov, Founder and CEO of Acronis, said: "Cybercriminals are ruthless - they see the coronavirus pandemic as an opportunity to target new vulnerabilities such as those caused by many staff migrating to home offices. Now more than ever, cyber protection should be a key concern for every business, as a data breach that costs a company valuable data can cripple even large organizations. Acronis Cyber Protect Cloud is a solution we have developed to combat this global threat. Acronis is dedicated to doing our part to help businesses both in the digital and the real world. With support from our capable partners at Minterest, we hope to provide streamlined access to vital funding to ensure business continuity for as many Singapore businesses as possible."
With the coronavirus outbreak slowing down economies and disrupting supply chain networks, many managed service providers, hosting companies, SMEs and home businesses are also faced with urgent cash flow issues, beyond the heightened cybersecurity risk. Acronis and Minterest hope to empower businesses by providing easy access to customised financing solutions to tide them through this difficult period and to build their cybersecurity capabilities to ringfence their businesses through this partnership. Minterest is able to bring speed to lending, as it is able to process and approve loan applications within 48 hours, upon full submission of necessary documents.
Charis Liau, CEO of Minterest, commented: "The COVID-19 outbreak has sent shock waves throughout the global economy and many companies are facing deteriorating business conditions and cash flow liquidity crunches. We are pleased to partner with Acronis to accelerate the access to financial aid for Singapore-based firms. We want to be here for them; not just get through the pandemic, but beyond that as well."