Technology has never been so deeply entwined in our businesses. While it delivers significant efficiencies and convenience, it also comes with significant cyber risks. Many business owners don’t fully understand how their business could be attacked. While others think they don’t have a cyber exposure at all, due to their industry or size. The reality is anybody who collects data or uses a computer with the internet is at risk. Something as simple as an employee clicking on the wrong link, sending an email to the wrong person or using a corrupted website could leave your entire system exposed. Cyber Insurance is one of your best forms of defence.
Government estimates suggest cybercrime costs the Australian economy more than $1 billion every year with nearly half of these attacks focused on SMEs, simply because of their vulnerability. Of those that are attacked, approximately 60% will close their doors within six months as a direct result of the data breach.
