What would you do without your data?

What would you do without your data?

Australian small businesses operate in an increasingly complex environment made even more so with the changes to work and compliance because of recent global events. Cybercriminals are continuously adapting their approach and businesses that are adopting new ways of working are a highly attractive target for cybercrime.

Whilst small businesses operate in a different environment to larger enterprises, they face many of the same risks. According to a recent survey, 58% of all data breaches occur in small businesses, with the average cost of a data breach being $120,000.

With competing priorities and challenges such as a lack of dedicated IT staff and the evolving complexity of cyber security, small businesses need specific guidance to help with implementing complex security measures, devising risk assessment strategies, managing contingency planning, and responding to cyber incidents.

It is no wonder that 41% of medium sized businesses choose to outsource their IT as a support service, however those that do may not be as protected as they believe. Whilst many outsourced providers implement security mitigation strategies, many do not implement all the essential strategies recommended by ACSC.

Your business is too small to attack” – said no hacker, ever!

Cybercriminals are constantly evolving and aware that increasing numbers of Australians are working from home, have adapted their tactics to include phishing emails that mimic your outsourced IT Helpdesk as well as other sophisticated ruses.

The good news is that whilst their approach may be new, the method is not. Proactive defence of your company data can be achieved with a choice of business tools and by building a culture of awareness and preparedness through staff training and risk mitigation strategies.

How to Get Started with IT Security

The following cyber security practices will help keep your small business protected:

Software Considerations

  • Turn on automatic updates for your operating system and software applications
  • Keep regular backups separate and unconnected from your devices
  • Enable Multi-factor Authentication

People and Processes

  • Establish who should have access to what with unique logins
  • Use complex passwords/ passphrases
  • Build a culture of awareness and consider cyber security training
  • Create a cyber security incident response plan
  • Always be wary of emails requesting payment, bank account details, logins and attachments

IT security is just one of the many ways Harvey Norman Technology for Business can help you go further with the latest in small business innovation. Get started with the protection you need with a free Small Business IT Security Survey* (conditions apply)

Take our free Cyber Security Assessment today! Visit here to get started.

For more information on our services visit here.

1 Verizon 2018 Data Breach Investigation Report
2 Kapersky Lab Study, 2018
3 Australian Signals Directorate, Results from the Australian Cyber Security Centre Small Business Survey, 2020

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