Real Innovation Group’s Post

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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