- The Office of the South Australian Small Business Commissioner (SASBC) commenced operations on 29 March 2012 recognising that small businesses need a competitive and fair operating environment to grow. The SASBC provides useful information to help small businesses manage their affairs and assist with informed decision making – this has recently included cyber security following collaboration with the Australian Small Business and Family Enterprise Ombudsman.
- Small and family businesses are under constant pressure to increase their risk appetite to remain competitive. This requires a greater online presence and ongoing technological transformation. In addition to damaging a business’s goodwill, cyber attacks are extremely costly by threatening the security of key data and may result in regulatory breaches.
- Commencing 22 February 2018, businesses with a $3 million turnover or greater which have encountered a significant data breach must inform all concerned parties. This includes informing the Office of the Australian Information Commissioner. If there is unauthorised access, disclosure or loss of personal information that could be seriously compromising must be reported.
Cyber Security Guide Released
- A Cyber Security Best Practice Guide has been developed to help small businesses understand the risks associated with being online and how to prevent cyber attacks.
- The information reflects the concerns that many small businesses lacked time and resources to deal with the issue but are concerned about cyber security.
- The brochure provides an outline of cyber security threats and options of how to deal with these.
- Cyber security is about protecting information and fortifying your business from being compromised. Using the internet on any device creates the risk of a cyber attack. Poor systems infrastructure or bad practice can cause loss or corruption, or from hackers who steal, trick or ransom businesses to obtain money or data.
- Prevention is the key. Over one third of small businesses don’t take proactive measures to protect against cyber crime. Many businesses rely solely upon anti-virus software.
- ASBFEO also developed a detailed Small Business Best Practice Research Report, with more information on the recommended actions that small businesses adopt to become cyber secure.
Businesses can also sign up for free email alerts. Stay Smart Online provides simple, easy to understand advice on how to protect yourself online as well as up-to-date information on the latest online threats and how to respond.