64 Jolimont Street, East Melbourne VIC 3002

Accounting News

Cyber threats facing small to medium-sized businesses (SMBs)

SMBs can be particularly vulnerable to cyber security risks, with limited resources, expertise, and infrastructure all contributing factors as well as lack of awareness and training.

.

Many fall prey to dangerous practices, like clicking on suspicious emails, using easily guessable passwords, or neglecting timely software updates. This can inadvertently open doors to cyber attackers.

If you are concerned about your business’s cyber security, there are a number of ways to strengthen your cyber defences.

Tips from an expert

Some essential steps that can bolster your business's cyber security:

  • Discuss cyber threats: regularly chat about scams and cyber security with your team, as keeping the topic front and centre builds awareness.
  • Implement multi-factor authentication: especially for email and social media accounts.
  • Install updates promptly: ensure your computers, phones, tablets, and apps are always updated.
  • Regular backups: always back up your data and test these backups frequently.
  • Strengthen your password game: using a password manager can help you create and manage robust passwords for all your accounts.

 

 

 

Source:  BusinessVic



W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.