Cyber Security for Small to Medium Businesses

Cyber Security for SMB - Why you should be personally invested

Why do I need Cyber Security?

Cyber Security can seem like a difficult task for small to medium businesses, there's a lot of noise to cut through and a large number of small businesses still don't think they're at risk which is simply not true.

Almost half of all reported Cyber Attacks are on SMBs and the losses are significant (ASD Cyber Threat Report 2022-2023):

• Small business: $46,000

• Medium business: $97,200

Picture this: your Aussie business, buzzing with potential, suddenly locked out, data held hostage... Cyber threats aren't just big-corporation worries; they're hitting SMEs hard. In Australia's digital landscape, cybercriminals see smaller businesses as easy targets. 

• Why? - Often, less robust security means bigger payoffs.

Think customer data breaches, crippling ransomware, or fraudulent transactions – these can crush your reputation and finances faster than a "drop-bear attack". With increasing reliance on online systems, from cloud storage to e-commerce, the risks multiply. Regulatory changes demand stronger data protection, and customers expect it. Don't wait for a digital disaster. Investing in cybersecurity isn't just about protection; it's about safeguarding your hard-earned growth and building trust in our competitive Aussie market.

Start the conversation today towards securing your digital and business' future.

How can we help

Once we understand your business, we can help guide you to implement the appropriate tools to help manage the risks to your business where they're needed. 

We'll enable you to follow secure practices and keep business and client information safe moving forward and provide updates and easy to understand ongoing training as needed.

Cybersecurity threats are on the rise 

Is your business prepared to handle a data breach? 
Having strong defences and a response plan is crucial, regardless of NDB (Notifiable Data Breach) obligations. This is where we can help you prepare your business, understand your risks and meet any related obligations.

Not sure if the NDB scheme applies to your small business? 

While most with a turnover under $3 million are exempt, this checklist can help you confirm if you need to take stronger security measures.

• Simplified list here

Whether the checklist flags an NDB requirement or not, we'd still recommend following The Australian Privacy Principles (APP) guidelines when handling personal information.

Common Cybersecurity Mistakes for Small Businesses

Small businesses often face unique challenges when it comes to cybersecurity. 

Here are some of the most common mistakes:

Neglecting Basic Security Measures

• Weak passwords - Using simple or easily guessable passwords

• Lack of software updates - Failing to install security patches promptly

• Not backing up data regularly - This can lead to significant losses in case of a cyber attack

Underestimating the Threat

• Assuming they won't be a target - Cyber criminals often target small businesses due to their perceived weaker security

• Ignoring employee training - The Human Element in Cyber Awareness is often the weakest link in a company's security

Making Operational Errors

• Falling for phishing scams - Clicking on malicious links or downloading attachments from suspicious emails

• Sharing sensitive information - Disclosing confidential data over unsecured channels

• Not having an incident response plan - Lack of preparation for a cyberattack can lead to significant damage

Overlooking Mobile Security

• Unsecured mobile devices - No lock screen; using weak passwords or not enabling device encryption

• Public Wi-Fi usage - Connecting to unsecured networks (airport/shopping centre/café etc.) can expose sensitive data

Remember: Even small businesses can be significant targets for cyber criminals. Implementing robust cybersecurity measures is crucial for protecting your business and customer data.

Would you like to delve deeper into any of these areas?