As of the 3rd December 2019 the federal government has announced a new $10m grant initiative to help businesses with their cyber security.
If you are the CEO of a small business with fewer that 19 full time equivalent employees cyber security is not something we tend to talk about at board meetings and it’s definitely not a major focus when we compare it to the role of Sales, Marketing and Operations.
However it is fast becoming a major threat to your files, digital assets and the potential stealing of internal IP.
This grant provides up to $2,100 for a small business cyber security test provided by an approved provider from the Council of Registered Ethical Security Testers in Australia New Zealand (CREST ANZ). While it only covers up to 50% of the cost of a “micro, small or standard certified small business check” it’s a great starting point to securing your assets and a step in the right direction from the Federal Government in assisting small businesses with this issue.
See original article here.
So that’s half the battle won right?
Not quite... Unfortunately a security health check is just one piece of a wider process of de-risking your business from a cyber security attack.
Let’s imagine the following scenario.
Meet James. He’s a proud, social semi-retired architect who runs a prestigious firm in Melbourne’s city centre.
He’s also just won an award that led to his firm securing the bid to work on a marvellous new split level high rise development with state of the art facilities.
Cyber security is not something James knows too much about, yet almost all of his drawings, 3D renders and designs are all digital and if they were to fall into the wrong hands then years of templates, work, files and IP could cost his business tens of thousands... maybe millions of dollars depending on the damage.
Not to mention the added public scrutiny of his firm unintentionally releasing sensitive information, jeopordising his relationship with the project developers.
A cyber attack could infiltrate his network, remove or copy the files and leak them to the media or competitors.
Worse still a cyber attack could be a ransom attack where the files and assets are held hostage via an encryption lock where the only way of unlocking the files is to pay a ransom to the hackers.
James needs to plan his cyber security strategy which should be part of his overall IT and systems strategy.
In some cases you can now even apply for insurance to cover your business in the event of such an attack to cover any loss of income for the time your business out of action.
Therefore, the best plan of attach starts with a sound digital and IT strategy that includes security as one of the considerations.
Mentioned earlier, Microsoft is investing about $1billion every year in cyber security to ensure they can provide a platform that is thoroughly tested and suitable for small to large enterprise businesses the world over.
At iGenius, we specialise in Microsoft on-premise and Cloud products like Dynamics 365, Office 365, SharePoint online and Business Intelligence tools like Power BI that are highly productive with robust standards of security.
If you’re ready to elevate your cyber security to the next level, partnering with iGenius is your first step to ensuring you get the best advice on the strategy, the process and the products based on industry best practices.
To start the conversation, iGenius offers a free no obligation 30 minute consultation to talk about your cyber security, digital and IT systems strategy.
Click below to get started.