Cyber Security

Cyber security – What your small business needs to know

Cyber security laws have changed recently in Australia, with emphasis placed on reporting breaches or facing hefty penalties. No matter what size your company, from micro to medium or large businesses, you need to have a plan in place in the instance of a security attack.

Following is a checklist of what SME’s need to know in order to protect their businesses from cyber attack. 

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Your security checklist

Data security is a major issue in Australia and New Zealand, with cyber attacks on the rise and businesses vulnerable to having their data and their customers’ data accessed for nefarious purposes.

The global cost of cybercrime exceeded $600 Billion in 2017 and costs the Australian economy $4.5 billion annually. There have been over 114,000 reports of cybercrime registered with the Australian Cybercrime Online Reporting Network (ACORN) since 2014 and 23,700 were reported in one six month period in 2017. 

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