


Cybercrime is a growing business threat
As we increasingly use the internet to conduct business, it is vital to ensure your IT system have effective cyber security in place to protect your business from unwanted cyber attacks.
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Cyber Security
Cyber Security is about protecting your business technology and information from:
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accidental or illegal access
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corruption
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theft
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damage.
It is important to protect any digital information that your business creates and stores, as well as any information you collect from your internal and external customers. The provision of a secure system is critical to (1) protect your business from cybercrime and (2) build and maintain customer and community trust in your business. To be effective, you need to make cyber security a part of your daily business processes.
Who could be a cyber threat
Cyber criminals may be an individual or a group of people. Threats to your technology or data might come from:
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criminals – out for money or information, to illegally access your hardware and data, or to disrupt your business operation.
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customers you do business with – to compromise your information
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business competitors – looking to gain an advantage over your business
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current or former employees – who accidentally or intentionally compromise your information.
How a cyber attack could affect your business
A cyber attack could cause you:
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financial loss – from theft of money, information, disruption to business operation
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business loss – damage to reputation, damage to other companies you rely on to do business
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costs – getting your affected systems up and running
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investment loss – time notifying the relevant authorities and institutions of the cyber attack incident.
What is at risk
Your money, information, technology and reputation could all be at risk. This could include the destruction, exposure or corruption of the following:
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customer records and personal information
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email records
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financial records
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business plans
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new business ideas
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marketing plans
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intellectual property
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product design
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patent applications
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employee records (which could include sensitive personal identifiable information such as their date of birth, postal address).
Sources: business.gov.au