Australia's small and medium-sized businesses (SMBs) face significant cybersecurity threats, with nearly one in three targeted by cyberattacks last year, according to Microsoft Security. Many SMBs struggle with limited resources, hindering their ability to adopt necessary security measures. Cyber incidents cost Australian SMBs an average of $255,000, with some cases reaching up to $7 million. These expenses often arise from investigations and the long-lasting damage to reputation, which is critical in Australia’s close-knit business community. Many SMBs mistakenly believe their size protects them, equating compliance with true security, leaving them vulnerable to breaches. To navigate the evolving cyber threat landscape, Australian SMBs must invest in robust security, conduct staff training, and develop comprehensive cybersecurity strategies. Proactive measures are essential to safeguard data and reputation, as exemplified by businesses like Canva and Afterpay that prioritise security to maintain customer trust. To find out if your business is protected, get your free cyber strength report here👇click this link: https://lnkd.in/eAsbiGGR
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We're all read news about cyber attacks on data, banks, and businesses. It's not just a tech thing; it affects all of us who use digital services and products. Think of it this way: when a company's systems get hacked, it can impact everything from our online orders to the security of our personal data. Small businesses are **less** prepared to handle cyber threats, and that's a big deal. We all rely on businesses of all sizes to keep our information safe, right? Businesses need to pay attention to the companies they buy software and services from. Just like we check the expiration date on food, businesses need to make sure the tech they use is safe and secure. As consumers, we can start asking the companies we trust about how they keep our data safe. We can support businesses that take cybersecurity seriously and stay informed about the latest cyber risks. Cybersecurity is not just for IT people to think about.
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📊 Here Are 5 Data Security Trends to Prepare for in 2024 With cyber threats evolving at an alarming pace, staying ahead of the curve is crucial. It’s a must for safeguarding sensitive information. Data security threats are becoming more sophisticated and prevalent. The landscape must change to keep up. In 2024, we can expect exciting developments alongside persistent challenges. 🚀 🔍 Over 70% of business professionals say their data privacy efforts are worth it. They report “significant” or “very significant” benefits from these efforts. 💼🔐 Staying informed about these trends is crucial. This is true whether you’re an individual or a business safeguarding valuable data. 📈🛡️ 👉 For details, check out this link: https://lnkd.in/gZVWTs8M 👍 Follow us for more tips!
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It’s not just large businesses that face the prospect of harm by a cyber attack. Australia’s small and midsize businesses face the same pressures with cyber attacks causing significant financial, operational and reputational damage. Recent high-profile attacks have come at a significant cost to businesses and their consumers who have had their data compromised. Business Email Compromises (BEC) are continuing to grow year on year through leaked credentials and/or misconfigured two-factor authentication setup. With Australia’s cyber threat landscape more unstable than ever, businesses need to be proactively addressing cyber risk. CyberCX’s intelligence-led approach helps organisations understand the threats relevant to them in their external environment, so they can make better decisions about managing risk, and be well prepared and ready to respond when the unexpected occurs. Talk to us about CyberCX’s Intelligence Starter Package Offer and our Quick-Start Cyber Resilience Accelerator for SMB: https://lnkd.in/ekWggGVd
Cyber security for small and midsize business
cybercx.com.au
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In the current digital landscape, protecting your business from cyber threats is more crucial than ever. That's where our Cyber Essentials service comes in! Cyber Essentials is a government-backed scheme that helps businesses safeguard themselves against the most common cyber attacks. Here's why it's essential for your business: Boosts Reputation: Show your clients and partners that you take cyber security seriously. Trust is key in business relationships! Reduces Risk: Implementing Cyber Essentials significantly lowers the risk of cyber attacks, keeping your data and operations safe. Compliance: Meet legal and regulatory requirements, avoiding potential fines and legal issues. Cost-Effective: Prevent costly breaches and data loss with a straightforward, cost-effective security framework. Peace of Mind: Focus on growing your business, knowing that your cyber security measures are robust and effective. Don't wait for a cyber attack to disrupt your business. P&A's Cyber Essentials Package includes comprehensive assessments, implementation of key security measures, and certification to protect your business from common cyber threats. Contact us to learn more about our Cyber Essentials package tailored for your company.
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🚨 ACCC Enhances Cyber Security Posture 🚨 The Australian Competition and Consumer Commission (ACCC) is stepping up its efforts to combat increasing cyber threats by improving its cyber security posture. This move comes at a critical time, with rising incidents targeting government agencies and businesses alike. Here are the 5 key takeaways from this initiative: 1️⃣ Increased Focus on Incident Response: The ACCC is ramping up its readiness to tackle cyber incidents, ensuring quick and effective responses to potential threats. 2️⃣ Enhanced Security Operations: With new measures, the ACCC will strengthen its systems, making them more resilient to external cyber attacks. 3️⃣ Collaboration with Industry: The commission is collaborating with various stakeholders to stay ahead of emerging cyber risks and ensure the security of Australian consumers. 4️⃣ Proactive Risk Management: The ACCC is adopting a proactive approach, identifying vulnerabilities before they are exploited by malicious actors. 5️⃣ Improved Staff Training: To ensure a robust defense, ACCC is investing in better cyber awareness and preparedness training for its employees. 👉 Read more about how the ACCC is bolstering Australia’s cyber security defenses: https://lnkd.in/gNQZCjpB 💡 As cyber threats evolve, it's essential for organizations to remain vigilant and proactive in safeguarding their systems and data. 💻 #CyberSecurity #ACCC #DataProtection #CyberDefense #CyberAwareness #ITNews #SecurityUpdate #Australia #RiskManagement #IncidentResponse Astron Technology
ACCC uplifts its cyber security posture
itnews.com.au
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🔒 **Cybersecurity Alert: A Rising Trend in Digital Threats** 🔒 Recent research has sounded the alarm: one in five UK businesses have faced a cyber attack, with nearly 10% of small businesses falling victim just this past year. Even more concerning, 35% of large corporations were struck, underscoring the escalating cyber risks. As we move deeper into the digital age, it's clear that traditional password protection falls short. Multi-Factor Authentication (MFA) is no longer a luxury but a necessity. 🛡️ **Here's why MFA is essential in 2024:** 1. **Stronger Security Layers**: MFA adds an extra layer of defense, requiring multiple verification methods. 2. **Reduced Cyber Threats**: By requiring multiple forms of identification, it diminishes the chances of unauthorized access. 3. **User Accountability**: Encourages responsible usage and higher security awareness among employees. 📊 **Predictions:** - SMEs integrating MFA will experience a significant drop in cyber attack success rates. - Businesses will increasingly invest in robust cybersecurity measures, including employee training. - The market for cybersecurity tools and services will see substantial growth, driven by necessity and regulatory pressures. ✅ **Take Action:** - Evaluate your current cybersecurity measures. - Implement MFA across all business-critical systems. - Educate your team about digital hygiene and the importance of using multifactor protections. 🔗 Learn more about the importance of MFA for SMEs in 2024: [Why MFA is No Longer Just Optional for SMEs in 2024](https://lnkd.in/e9ciC9eu) Stay vigilant and proactive in protecting your digital assets! #CyberSecurity #MFA #BusinessSafety #SME #DigitalTransformation
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The annual UK Government Cyber Security Breaches Survey was published last week and I’ve had the chance to digest it in more detail. As in previous years, the survey highlights large variations in cyber security maturity between small and large organisations. Unsurprisingly, larger organisations perform better. The headlines will no doubt focus on 50% of organisations having experienced a cyber attack or breach in the past 12 months. Looking beyond that headline, the survey presents a mixed picture. It was positive to note cyber security increasing in priority within organisations after a downturn last year, and increased adoption of key technical controls. More organisations developing cyber strategies and improvement plans was also a good sign. Three areas in particular caught my attention though. Perhaps the most alarming is that only 11% of organisations do any risk assessment on their key suppliers. With widespread reliance on third parties for technology provision, it’s concerning that so few organisations do so. Whilst larger organisations score higher on this, it was surprising to note that fewer appear to be doing so (down from 55% in 2023 to 48% in 2024). There’s also a need for more organisations to perform cyber security risk assessments, particularly smaller organisations and charities. It’s no coincidence that these organisations generally have a lower level of skills/responsibilities for cyber security in the boardroom. We typically see better approaches to cyber risk where the board is engaged and informed on cyber security. Phishing continues to represent the vast majority of attacks/breaches. This emphasises the need for organisations to invest in their people through training, awareness and promoting a positive cyber security culture. Get in touch if you’d like to discuss how we can help you manage your cyber security risks. #Azets #cyber #cyberrisk
Webinar | Navigating the evolving cyber security risks facing businesses
discover.azets.co.uk
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The Australian Competition and Consumer Commission (ACCC) is ramping up its cyber security capabilities over the rest of FY25. This news is great for two main reasons: First, it will create more job opportunities, which is a positive development. Second, it acknowledges and addresses the current state of cybersecurity, where awareness and compliance are critical. No matter how advanced technology becomes, without proper regulations and systems in place, progress will be limited. On a personal level, I have encountered situations where I was asked to write down my credit card information on paper in public places, which was considered normal. This highlights the need for increased awareness about data protection. Initiatives like those by the ACCC are essential for enhancing cybersecurity and promoting better awareness. #Cybersecurity #DataProtection #JobOpportunities #RegulatoryCompliance #PrivacyAwareness #TechAdvancements #EssentialEight #DigitalTransformation #CyberAwareness #ACCC #InformationSecurity https://lnkd.in/g4YuPkBC
ACCC uplifts its cyber security posture
itnews.com.au
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🚨 Attention UK manufacturers 🚨 Manufacturing companies in the UK are facing a growing menace: supply-chain cyber attacks. ⛓️ Recent data reveals that these attacks are on the rise, with disproportionately alarming implications for small and medium businesses. 📉 📊 According to the UK government's Cyber Security Breaches Survey, nearly 40% of small and medium-sized businesses experienced cyber attacks or breaches in the last year alone. 📊 In the CrowdStrike Global Security Attitude Survey, 84% of businesses predict software supply-chain attacks as major threats within 3 years, yet only 36% vet suppliers for security annually. With 45% already hit by such attacks and 59% lacking a response plan, it's urgent to bolster your cybersecurity measures before it's too late. These repercussions extend beyond financial losses, with data breaches potentially affecting reputation and customer trust indefinitely. ⏳ The interconnected nature of supply-chains within your organisations magnifies their impact, making collaboration essential to fortify your entire infrastructure. 🤝 With adversaries targeting vulnerabilities in third-party software and services, it's imperative that you and your organisation prioritises its cybersecurity measures. 🛡️ Are we doing enough to protect ourselves and our partners from supply chain cyber threats? Join the conversation and share your insights below, and make sure to visit our brand new Cyber Security page to learn more about how BCS is already helping local businesses to fortify themselves against the evolving threat landscape. https://lnkd.in/e8733QRg #Cybersecurity #SupplyChainAttacks #Manufacturing #CyberAwareness
Managed Cyber Security - Business Computer Solutions
https://www.bcs365.co.uk
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Is cybersecurity just a trend, or a critical necessity? 🤔 In today's interconnected world, our digital lives are more vulnerable than ever. From personal data to business operations, the stakes are high. Cybersecurity isn't just for tech giants anymore. It's a must-have for individuals and businesses of all sizes. Here's why: ✔ Cyber threats are evolving rapidly ✔ Remote work has expanded our digital footprint ✔ Financial and reputational risks are significant 🔒 Cybersecurity is everyone's responsibility! We all need to think about cyber hygiene and how we can all contribute to a safer digital world. Here are 5 simple tips to boost your online security: 1. Use strong, unique passwords for each account 2. Enable two-factor authentication wherever possible 3. Keep your software and operating systems up-to-date 4. Be cautious of suspicious emails and links 5. Regularly back up your important data Remember, a small step towards better cyber hygiene can make a big difference in protecting your digital life. 💻
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