Cybersecurity

According to research from the Internal Audit Foundation and Kroll, the raised risks will prompt a shift in the internal audit function, with the prospect of more investment in fraud risk management. Kroll’s Associate Managing Director Matthew Weitz said the pandemic acted as a catalyst

Firstly, small businesses are in the so-called ‘sweet spot’ of having more money in their bank account than the average consumer. They also move money around far more often than regular people, such as paying invoices, money transfers and payroll. In a recent article for internet

An Australian Financial Review (AFR) article revealed that Australia needs an addition of 7,000 skilled cyber security specialists over the next two years. This is a result of  the soaring frequency of cyber-attacks in the past decade. Australian organisations reported a cyber-attack every 8 minutes in

A new report has found that an alarming number of Australian businesses are being cyber attacked over email, with more than 90% reporting an email-based ransomware attack, business email compromise or spear-phishing attack last year. At the same time, they are lagging in cyber security

According to the United States Securities and Exchange Commission (SEC), about 60% of SMEs go out of business within six months of a data breach or cyber attack.  “Cyber security is clearly a concern that the entire business community shares, but it represents an especially pernicious

Small businesses have been warned that cybercriminals are using virtual meetings and ‘deep-fakes’ of executives to trick employees into transferring money to criminal-controlled bank accounts. This warning came by an alert sent out this week by the FBI and is yet another reason for smaller businesses to

Business owners are being urged to practice vigilance with an increase in scams and phishing emails expected to rise amid floods impacting Australia’s east coast. As the flooding crisis continues across NSW and Queensland, residents and business owners are set to become increased targets of

An underground network of cybercriminals is being optimised to better target local small businesses, according to a new report. The 2022 BlackBerry Annual Threat Report uncovers cyber breadcrumbs from some of last year’s most notorious ransomware attacks, suggesting some of the biggest culprits may have

The ACSC Small Business Cyber Security Guide has been specifically designed for small businesses to understand, take action, and increase their cyber security resilience against ever-evolving cyber security threats. According to the ACSC, internal processes and employees are the last, and one of the most

Automated systems can identify vulnerabilities in a business and report any issues to a human actor, according to a leading cyber security expert. Rahn Wakely from Qualys believes cyber security is the most critical skills gap facing Australian business. “Attackers move quickly and adeptly, so the modern