Misinformation is everywhere, especially regarding cyber security. This can cause SMEs to hesitate when it comes to shielding their business. Unravelling these myths is key to ensuring they understand the importance of Cyber Liability protection. That’s why we’re taking on three more common cyber security myths, offering clarity and truth in place of confusion.

Cyber Liability insurance has been available since at least the year 2000, however many small businesses in Australia are not taking advantage of the protections a policy can provide. According to one survey, just 40% of businesses1 have any sort of cover in place.

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren’t just fictional brooding movie villains – they’re real people doing real damage across the globe, particularly in Australia and especially to small businesses.

Cybercriminals are following the money.

As technology continues to advance and the reliance on digital systems grows, so does the threat of cyber-attacks.

Small businesses are not confident in their ability to respond to cyber-attacks, new research suggests, prompting experts to urge them to consider cyber insurance.

As technology continues to advance, cybercrime is becoming more sophisticated, and cyberattacks are frequently targeting small businesses.

Experts are urging real estate agents to consider safeguarding their business from the risk of cybercrime after multiple attacks hit the industry in recent months.

With cybercrime reaching record levels, Australia’s 2.5 million small businesses are increasingly looking for ways to lock the digital doors to their information.