Description
This article focuses on business clients who need to be aware of the increasing risk of cyber-crime. It lists the most common dangers to businesses and outlines what should be included in a security policy to manage the threats. It also mentions Cyber Insurance as an adjunct to normal business insurance.
Introduction
The Australian Competition and Consumer Commission (ACCC) received more than ......... reports of business scams in 201..., with total losses due to these scam activities of more than $... million, an increase of $..... on the previous year. Almost ....... of those hit were micro and small businesses. They accounted for just shy of $... million lost, most commonly attributed to false billing scams. Even the average loss of $........ could mean the end for a small business.
Many scams simply exploit the better side of human nature. Others rely on sophisticated technology that few people understand. Either way, the first line of defence is awareness.
The most common threats to small business include:
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