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When it comes to cybercrime, anyone can become a victim. Whether you’re a professional with confidential client information or run a retail store with EFTPOS machines, hackers can be pretty crafty and infiltrate most types of businesses.
In Part 1 of our guide, we take a look at the common types of cyber risks that SMEs face and the signs to look out for with potential scams.
Spotting a cybercrime can be harder than you expect with hackers becoming more sophisticated in their attacks. These are some of the common types of cybercrimes and what to be mindful of to prevent an attack.
What is it?
Malware tricks users into installing software that will allow the scammers to access your files and data. Ransomware attacks demand users pay to unlock their computer or in the face of other threats.
What to look out for:
Scammers will attempt to trick you into divulging personal information like credit card details or identity confirmation with a drivers licence or passport details. They will then use these details to access your data, especially bank accounts.
What to look out for:
If you would like to learn more on how to spot a cyber scam, Scam Watch has a list of educational resources with examples to help test your knowledge.
Even by taking all the right steps when handling personal or sensitive data, breaches can quickly happen. The Australian Government’s Office of the Australian Information Commissioner (OIAC) define a data breach as: when personal information is accessed, disclosed without authorisation or is lost.
With more data and information stored online every day, the risk of a data breach is something that can impact nearly all types of businesses. Let’s take a look at some examples of data breaches.
The impact of a data breach can cause distress to those involved as well as financial implications. Ensuring strong security measures are in place can help avoid a breach from occurring.
These are some of the actions you can take to prevent a data breach from occurring:
Get insurance protection for your business today through BizCover. We offer a range of business insurance options to suit your business needs, including Cyber Liability insurance*.
Cyber Liability insurance * is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.
Receive multiple quotes online or over the phone in minutes with a copy of your policy able to be emailed instantly.
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice