Cybersecurity for SMEs: Stay Ahead in the Flux of Change!
This is your guide to preparing your SME for the ever-evolving cybersecurity landscape.
Cyber Insurance
Hospitality Challenges: What’s Affecting Your Business?
The hospitality sector is regaining lost ground after the pandemic, with businesses having re-opened, some pivoting and travellers eager to explore. However, despite the resurgence, that’s not uniform and there are bumps in the road. And, it’s yet to return to pre-pandemic levels for all metrics. That’s because the sector faces ongoing challenges that could impact your […]
Emerging Cyber Insurance Trends Your SME Needs to Know
Cyber insurance is a moving feast, so find out about the trends shaping this important area of business protection this year.
Protect Your Business With Next-Gen Endpoint Security
Discover how next-gen endpoint protection shields your business from evolving cyber threats.
Cyber Insurance: Your Protection Against Data Breaches
Globally, a cyber breach to professional services businesses cost an average AU$6.77 M per company in 2023, according to IBM’s most recent data breach report. For businesses with fewer than 500 staff, the average cost was marginally lower at about $5M. Crucially, it takes businesses from all sectors an average of 204 days to identify the […]
Supply Chain Fraud: How To Stay a Step Ahead of the Scammers
Supply chain fraud is in the spotlight. A report from the Australian Competition and Consumer Commission (ACCC) showed a 1,174% increase in false invoices led to $8.6 million in losses last year. By taking control of a legitimate business’ online accounts or email, scammers send fake invoices to divert payment to their own bank accounts. […]
4 Common Mistakes SMEs Make That Invite Cyber Attackers
Two-thirds of Australian small-to-medium-sized enterprises (SME) go out of business after a cyber attack or data breach. That’s according to the latest figures from the Australian Small Business and Family Enterprise Ombudsman. Often, small business owners think they’re too small to be targeted, but they face the same threats as larger organisations. Six out of 10 […]
How To Protect Your Business From Increasing Cyber Risks
Cyber crime is the #1 risk for the nation’s businesses, with an incident reported every seven minutes on average to the Australian Cyber Security Centre (ACSC). To quantify those risks, a University of NSW book, Cybercrime in Australia: 20 years of inaction, estimates it cost the Australian economy $42 billion in 2021. As well, cyber risks […]
4 Myths about Cyber Insurance Debunked
Cyber security is a top risk management concern for Australian businesses, with eight in 10 organisations hit by ransomware. And research shows small businesses are likely to have poor security practices due to common misconceptions about the threat. It is such a hot issue that the Federal Government appointed the first Minister for Cyber Security in a G20 […]
How Will the Metaverse Change the Insurance Landscape?
The term ‘metaverse’ was coined in 1992, as an online space combining virtual and physical worlds. And, the metaverse-like online multimedia platform, Second Life, which began in 2003, is still going, with almost 65 million active users. Meanwhile, Meta – formerly Facebook – maintains optimism that its version of the metaverse will be on the horizon in five to 10 years. It […]