Taking your business online can have its benefits, but it can also increase the risk of scams and security threats. Learn how to identify how cyber secure your business is and how to strengthen your business against cyber threats.
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1. Learn the basic security measures
The Australian Cyber Security Centre (ACSC) has steps you can take to protect your business and staff from cyber threats. This includes information on:
turning on multi-factor authentication
securing your accounts
updating software
backing up information
protecting your business data
educating employees.
2. Develop a cyber security policy
A cyber security policy helps your staff to understand their responsibilities and what is acceptable when they use or share:
data
computers and devices
emails
internet sites.
3. Protect your customers
It’s vital that you keep your customers information safe. If you lose or compromise their information it will damage your business reputation, and you could face legal consequences.
Make sure your business:
invests in and provides a secure online environment for transactions
secures any personal customer information that it stores.
If you take payments online, find out what your payment gateway provider can do to prevent online payment fraud.
There are laws about what you can do with any personal information you collect from your customers. Be aware of the Australian Privacy Principles (APPs) and have a clear, up-to-date privacy policy. If your business is online, it’s a good idea to display your privacy policy on your website.
4. Consider cyber security insurance
Consider cyber insurance to protect your business. The cost of dealing with a cyber-attack can be much more than just repairing databases, strengthening security or replacing laptops. Cyber liability insurance cover can help your business with the costs of recovering from an attack. Like all insurance policies, it is very important your business understands what it is covered for.
5. Stay up-to-date on the latest risks
Keep up with the latest scams and security risks to your business. Sign up for the ACSC Partnership Program for access to up-to-date information on cyber security issues and how to deal with them.
6. Get cyber security advice
Australian Cyber Security Hotline
If you want to talk to someone about cyber security, the ACSC has a 24/7 Cyber Security Hotline.
The hotline provides over the phone support to both prepare for and respond to cyber incidents. Learn more on the ACSC website or call 1300 CYBER1.
The setting up of a SMSF and all administration tasks such as preparation of your trust deed and the completion and lodgement of relevant ATO statements.
Ensuring your SMSF is compliant with current superannuation laws and regulations
Secure File Transfer is a facility that allows the safe and secure exchange of confidential files or documents between you and us.
Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.
Login to Secure File Transfer, or contact us if you require a username and password.
Disclaimer
Information provided on this web site is general in nature and does not constitute financial advice.
Peter Price & Associates has taken reasonable care in providing this information, unless expressly stated, it should not be construed as being specific to your investment objectives, financial situation or particular needs.
Peter Price & Associates will endeavour to update the web site as needed. However, information can change without notice and Peter Price & Associates does not guarantee the accuracy of information on the web site, including information provided by third parties, at any particular time.
This information is prepared for residents of Australia only. Any currency references are references to Australian dollars unless otherwise specified.
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Further, Peter Price & Associates disclaims any liability for loss, damage, cost or other expense which you may incur as a result of any information provided on this web site, to the extent that such liability is not excluded by law.
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