Small Business & Cyber Security

Why is an accountant writing about cyber security?

In short an accountant should be looking at your business holistically.

So as a small business owner why should you care?

Here is a link to an article that appeared on ABC News a few weeks ago, Cyber attackers hacked a Broome camping store
The store owner woke up in the morning to find his store’s point-of-sale data had been locked by cyber attackers, who were demanding a $5,000 ransom to release it resulting in the loss of a months worth of sales and stock data.

In the world of cyber security it has been said that there are only two types of Company. Those that know they have been hacked and those that don’t!

The aim of this post is to explore the steps you can take to protect yourself and your business from online fraud and the threat of your data being compromised.

Don’t be lulled into a false sense of security here and think that only large corporations are victims or the intended targets of cyber criminals. Consider that as a small business owner you may not have the treasure trove of data and assets that are attractive to cyber criminals, then again you certainly wont have the dedicated IT security resources that the larger companies have at their disposal.

This makes you an easy target and a potential victim in the dragnet of specific cyber attacks or campaigns.

What can you do to protect yourself?
I am not a cyber security expert by any means, I do however have an obligation to protect my own data as well as sensitive client information from the threat of cyber attack.

Read this article written by the professionals “You’ve been hacked by ransomware. Here’s what to do next

There are a few simple and common sense steps to put in place which are not going to cost you a fortune:

  • Backup your data regularly.
  • Apply security patches as they are released.
  • Educate yourself and your employees on safe practices.

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