8 essential steps to keep your business cyber safe

Cyber attack statisticsIn 2020, there was a marked increase in cybercrime due to the increase in remote working, with a global estimate for cybercrime costs expected to exceed $1trillion this year*.

Industry estimates suggest that cybersecurity incidents cost Australian businesses alone up to $29 billion each year* and businesses are facing increasingly sophisticated and capable cybercriminals who are even altering email invoices mid send to redirect funds.

But a recent survey of small to medium businesses conducted by the ACSC has found that business owners still have an average or below-average understanding of cybersecurity and 9 out of 10 are underestimating the impact a cyber-attack will have on their businesses. 

The survey found that although 60 per cent of survey respondents had already experienced cybercrime in some form, they spent less than $500 on protective measures and the main barriers to improving cyber safety included;

  • Lack of IT savvy staff
  • Perceived complexity of the risk
  • General lack of planning
  • Underestimation of the risks

In response to the survey results, ACSC has developed a range of tools for small business and launched a nation-wide advertising campaign this month to improve cybercrime literacy.

 8 Essential Cyber Security Measures;

  • Application whitelisting – change your settings to only allow authorised programs to operate on your computers 
  • Patching applications – make sure you install web browser and application updates within 48 hours of release
  • Application hardening – Configure web browsers and other applications to block unauthorised programs and pop-ups.
  • Restricting admin access – to operating systems and applications based on user duties. Regularly revalidate the need for privileges.
  • Disabling macros – to block macros from the internet, and only allow vetted macros either in ‘trusted locations’ with limited write access or digitally signed with a trusted certificate.
  • Turning on Multi-factor Authentication – especially for banking and accounting applications 
  • Daily backups – Of system data and settings.
  • Patching Operating Systems – Updating Microsoft or Mac operating systems often and ensuring you’re not using old, unsupported versions (Microsoft 10 or below)

DID YOU KNOW? You can also add an extra layer of security and a financial back up for your business with cyber insurance. Contact Allsafe team today to find out more.

Key publications released by ACSC to help small business include;

A Small Business Cyber Security Guide

Step-by-Step Guides

Quick Wins


For a full list of mitigation measures – visit


* https://www.finextra.com/newsarticle/37109/cost-of-cybercrime-to-exceed-1trn-in-2020 


*ABC Radio Interview ACSC. 2 December 2020 https://www.cyber.gov.au/acsc/view-all-content/news/cyber-security-campaign-abc-newsradio-interview

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