15 Jan Small business cyber security guide

A Cyber Security Best Practice Guide has been developed by the Australian Small Business and Family Enterprise Ombudsman to help busy small business operators understand the risks and how to prevent cyber attacks.

The guide was published after research showed that 60 percent of small firms that experienced a cyber breach went out of business within the following six months.

Ombudsman Kate Carnell said many small businesses lacked time and resources but couldn’t afford to be complacent about cybersecurity.

“Surveys have shown that 87 percent of small businesses believe antivirus software alone is enough to keep them safe,” Ms Carnell said.

“Cybercriminals are becoming more sophisticated and small businesses are particularly vulnerable.

“Online threats are just as real as physical threats. Cybersecurity needs to be taken seriously, like having locks on your doors and a burglar alarm.”

Ms Carnell said the handy guide produced by her office suggests getting advice from a trusted adviser.

“Accountants, IT specialists and skilled family or friends are the go-to sources,” she said.

“There are also useful websites like www.staysmartonline.gov.au that provide simple, easy-to-understand advice.”

Ms Carnell said small businesses shouldn’t be afraid of “going online” because the opportunities and benefits could be immense.

“Many small businesses have successfully blended their physical and virtual shopfronts to establish sustainable operating models,” she said.

“It would be an incredible shame if small businesses shut themselves out of the online market because of fears about cybersecurity.

“There are risks attached to most activities, even crossing the road. Taking sensible precautions broadens opportunities and heightens the rewards.”

For more information visit www.asbfeo.gov.au/cybersecurity