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Cyberattack risks mounting for Aussie SMBs: report

Cyberattack risks mounting for Aussie SMBs: report Image courtesy of Stuart Miles at FreeDigitalPhotos.net Featured

It’s only a matter of time before Australian small businesses are hit hard by a cybersecurity attack but there are things they can do to protect themselves, according to a newly published security report.

According to Sydney-based security firm Aleron, a successful cyberattack can be devastating for small businesses, especially if their resources are limited because the fallout of the attack can range from financial losses to reputational damage.

“Companies often think they’re too small or insignificant to be a target for cybercriminals but every business is a potential target,” notes Kerry Tang, Security Consultant, Aleron

“By sending or receiving payments online, using email, or storing customer records electronically, businesses create a digital footprint that can lead attackers right to their door.

“Cybercriminals can use the information they gain to steal identities, sabotage operations, sell commercial information, or lock up the company’s data until it pays a ransom,” Tang warns.

“To securely operate in an online world, businesses need a robust cybersecurity framework. The risks are getting higher as cybercriminals get more sophisticated and businesses must keep up or face the consequences. Working with the right partner can help small businesses develop a pragmatic, affordable plan to keep the business secure.”

Aleron has issued a list of six basic steps that it says small businesses can take to help themselves, as well as partnering with an IT security company:

1.    Share information sparingly

The company’s social media pages can provide a great deal of information that cybercriminals can use to attack the business, such as details of a new deal, new product, or company restructure. It therefore makes sense to think twice about the information shared via social media.

2. Patch everything

Most apps have bugs or vulnerabilities that hackers can use to gain access to a company network. Patches are pieces of code that fix those vulnerabilities. They’re released regularly by software developers so businesses should subscribe to the mailing lists for all the company’s operating systems, infrastructure, and applications, then apply patches as soon as they’re released.

3. Don’t neglect anti-virus
 
Anti-virus tools can detect and defend against many so-called zero-day attacks, which don’t yet have patches available. So it’s essential to keep anti-virus software up to date.

4. Reconsider plugging in and clicking on

USB sticks can harbour nasty malware infections, so unless the company absolutely relies on external drives, they should be disabled. Similarly, employees should be educated not to click on attachments or links in emails, in case they lead to malicious sites.

5. Protect information

Often, malicious actors get information because staff members have either accidentally or deliberately shared it. Staff should be educated regarding what’s safe to share and what should be kept in confidence. All data should be backed up regularly to protect it in case of a disaster. Then, if a hacker tries to deploy ransomware, the business can simply revert to a backed-up copy of the data and operate as normal.

6. Use strong passwords

Passwords can be all that stands between a cybercriminal and an organisation’s entire network. It’s important for employees to use strong passwords, two-factor authentication, and different passwords for different systems. All it takes is for a cybercriminal to crack one password and the entire network could be vulnerable.

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

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RECOVERING FROM RANSOMWARE

Ransomware is a type of malware that blocks access to your files and systems until you pay a ransom.

The first example of ransomware happened on September 5, 2013, when Cryptolocker was unleashed.

It quickly affected many systems with hackers requiring users to pay money for the decryption keys.

Find out how one company used backup and cloud storage software to protect their company’s PCs and recovered all of their systems after a ransomware strike.

DOWNLOAD THE REPORT!

Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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