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Protect your business from cyber threats

Computer hacking has been around for as long as there have been computers. Once it used to be computer geeks showing the world how smart they were. Now it's become very serious with almost any person, company or Government at risk from these criminal activities.

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Recent hacks into large corporations have highlighted the need for these organisations to become more secure.  Even more so now there are possible fines of up to $50 million for a financial firm that was recently hacked.  This is serious money and the cost of stopping such attacks is also very high.

Where does this leave small businesses?  A good question, as the level of expertise in most small businesses, is very low and the ability to pay high cyber security costs is low also.  On the other hand, cybercriminals are looking for 'big treasure' for reasons such as identity theft, and it seems obvious that some are also supported by rogue states that want far more than some 'mum and dad' details. 

What can a small business do.? Thankfully, State and Federal governments have made a start but they tend to focus on doing a very thorough job rather than what can be paid for by small businesses.

The following are some actions a small business can take to start moving down the road of improving its cyber security.  Of course, there are many options if funds are available but just helping staff be more aware of what is dangerous is the place to start.

Set out below are actions you can take to help.

1. Review the information at these web addresses:

2. For most small businesses the above is too much to digest but a review is recommended.  Perhaps give a member of staff the responsibility to read this information and then discuss it with staff.

3. For many small businesses it seems that the best place to start is with how staff manage their online activities because it is here where small businesses are most vulnerable.  A web address to help train staff is https://business.gov.au/online/cyber-security/protect-your-business-from-cyber-threats#train-your-staff-to-be-safe-online

 

Cybercriminals rely on the belief that they are better prepared to attack than businesses and governments are prepared to defend.  But they are also timid.  If you take some steps then a bit of pushback will help as, in most cases, the cyber-criminal will go looking for easier targets, and there will be many for them to choose from.

 

 

Peter Graham

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Disclaimer

The contents hereinafter presented and made accessible on this website are exclusively provided by Advanced Partners, representing general informational materials. The purpose of these materials is solely to serve as guidance and in no case should they be interpreted as counsel or advice on any specific matter.

In using the information provided, you are encouraged to assess its relevance to your individual goals, financial circumstances, and needs. In the event of detailed descriptions of any products being available on this website, you are advised to procure the Product Disclosure Statement (PDS) corresponding to said products, and to deliberate on its contents prior to any decision-making.

Advanced Partners extends no assurances or warranties pertaining to uninterrupted, delay-free, error-free, or omission-free operation of the Site, nor its immunity from viruses. Thus, the information is furnished “as is”, bereft of warranties of any kind, express or implied, inclusive of those concerning accuracy, promptness, and completeness.

Advanced Partners and its respective affiliates (be they direct or indirect) renounce all guarantees, obligations, and warranties, be they express or implied, and shall not bear liability for any loss or damage whatsoever (including those resulting from human or computer errors, whether negligent or otherwise, or incidental or consequential losses or damages) that arise from or are connected with any utilization of or reliance on the information or advice on this site. The user must undertake sole responsibility related to the use of the material on this site, regardless of the purpose or the outcomes of such usage. The information available on this website should not be considered a replacement for professional tax advice or consultation.

Our liability is limited by a scheme approved under Professional Standards Legislation.