Data backups are vital for any business, to ensure that downtime is minimised and information is protected and restored in a rapid timeframe. Read more
The Facebook Cambridge Analytica scandal demonstrated how data security breaches can impact an organisation, but it is not just large scale projects that can put a company at risk. An employee can set off a security breach by accidentally emailing a file to the wrong person. All businesses need to put in place plans and procedures to minimise risk and protect their information.
Technology is everywhere in the modern age, including small business where it is vital to stay updated to remain competitive.
Small and medium enterprises (SMEs) are today most vulnerable to cyber attacks as they are ill-prepared to deal with this modern day menace. Cyber crimes or cyber-enabled crimes hit one in four Australians – or over 6 million Australians – every day, according to the Australian Cyber Security Centre (ACSC). A lot of these attacks on individuals are aimed at getting access to systems of enterprises they are employed in. Many of these enterprises are small and medium businesses.
No longer does your company data need to be stored on local computers with the physical speed of connections varying considerably. Taking your business into the cloud offers so many advantages for businesses of all sizes, including saving time and money. But there are risks, many of which can be mitigated if managed carefully.
The Australian and United States governments take computer security very seriously.
While there is military grade encryption in that sector, the government sector is also protected by the Federal Information Processing Standards (FIPS) which has been developed by National Institute of Standards and Technology (NIST) in accordance with the Federal Information Security Management Act (FISMA) and approved by the Secretary of Commerce.
Cybercrime has become a major problem in Australia, with over 114,000 reports of cybercrime registered with the Australian Cybercrime Online Reporting Network (ACORN) since 2014.
The handling of sensitive customer data in the digital world has become so important that the Federal Government has legislated mandatory data breach notifications, which started in February 2018.
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.
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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