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ARTICLE · 08 OCTOBER 2018

Online vulnerabilities facing small business today

This article covers 3 online vulnerabilities and offers a guide to help small businesses minimise the risk of cybercrime.

AustraliaCriminal Law

By: Brenda van Rensburg - Founder at Australia Learning Code and Tim Kennedy Senior Associate

Anyone who uses the internet today, is at risk of cybercrime. According to Ami O'Driscoll, cybercrime is predicted to cost over $21 billion in damages1 by 2021 with Australia ranked 19th2 in the world for cyber-attacks.3 According to Small Business Trends, 43% of small to medium size businesses are targets for cyber-attacks.4

Quite apart from the impact cybercrime can have on the internal operations of any business, with the commencement of the National Data Breaches scheme, businesses who fall victim to cybercrime, and in particular data breaches, are now required by law to inform both the Information Commissioner and any individuals who may have been put at risk.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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