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.
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.
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.
Cybercrime is a real threat to small business in Australia today, with 516,380 businesses falling victim to attacks in 2017 alone.
Despite this, more than half of SMBs in our country are unprepared for a cyber attack.
This makes small businesses extremely vulnerable to attack, and the consequences of not being prepared can be devastating.
There is one thing which is certain in business and that is that things will go wrong at some point. It’s a matter of when, not if, disaster will strike. The key to recovering from any disaster is to be prepared. Taking a proactive approach in business can be the difference between an organisation surviving or folding. This is why having an effective disaster recovery (DR) plan is imperative to the survival of your business.
In recent years, we’ve seen a dramatic rise in the sophistication, scale, and impact of cyber attacks. As companies strive to ensure their own, and their customer’s online safety, the repercussions of not doing so have increased. We look at a snapshot of the most prevalent cyber security threats today and solutions you can utilise to best protect your enterprise against the risk of attack in the future.
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