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Cyber attacks – are you protected?

Cyber attacks – are you protected?

Cyber attacks – are you protected?
7May2019

Cyber attacks are costing Australia around $1 billion per year, so it is no longer a question of IF your business will be targeted, but WHEN. Check out some of our tips on how you can help protect your business against cybercrime.

Cyber attacks – are you protected?

 
43% of cyber attacks target small business. Are you taking the steps to make sure you’re protected?
 
In this age of rapidly advancing technology and increasing reliance on the internet, cyber criminals are becoming more organised and sophisticated. In the past, businesses and individuals often were targeted with the annoying flashing advert telling you that you had won $1 million, whereas nowadays cyber criminals can quite convincingly impersonate your staff as well as other businesses you correspond with to elicit passwords, bank details, client information, and more. Cyber attacks are costing Australia around $1 billion per year, so it is no longer a question of IF your business will be targeted, but WHEN.
 
Despite advances in cyber security, one third of small businesses don’t have a plan in place to protect against cyber attacks. 
 
Here’s a few ways you can help protect your business against cybercrime:
  • Use strong passwords and update them regularly
  • Manage your social media settings – keep your profiles on private and don’t share personal information
  • Use a complete internet security suite to protect against existing and emerging malware
  • Educate your children about internet safety and ensure they don’t share data online
 
 
Even with all the appropriate security measures in place, a breach is still not out of the question so it’s important to have the right insurances in place. Cyber insurance offers businesses a way to mitigate this ever-present risk. It should therefore be seen not as a replacement for solid cyber security programs and procedures, but as an extra layer of much-needed protection for you and your business.
 
For more information on cyber insurance or to get a quote, please contact our insurance brokers.
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