Essential steps to protect against cybersecurity risks
and avoid financial distress.
A successful cybercrime attack can cause major damage to your
business, affecting your bottom line, as well as your business'
standing and consumer trust. The Department of Infrastructure,
Transport, Regional Development, Communications and the Arts has
reported on the cost of cybercrime to Australia, identifying that
33% of businesses experience a cybercrime, 60% of all targeted
attacks are on small and medium businesses and the average cost of
a cybercrime attack to a business is over $275,000. According to
the Australian Small Business and Family Enterprise Ombudsman over
60% of SME businesses don't survive a cybercrime attack or data
breach. Consequently, it is imperative for company directors to
prioritise cybersecurity measures to protect their organisations
from these risks.
