Latest News

Hot Issues
spacer
ATO reviewing all new SMSF registrations to stop illegal early access
spacer
Compliance documents crucial for SMSFs
spacer
Investment and economic outlook, October 2024
spacer
Leaving super to an estate makes more tax sense, says expert
spacer
Be clear on TBA pension impact
spacer
Caregiving can have a retirement sting
spacer
The biggest assets growth areas for SMSFs
spacer
20 Years of Silicon Valley Trends: 2004 - 2024 Insights
spacer
Investment and economic outlook, September 2024
spacer
Economic slowdown drives mixed reporting season
spacer
ATO stats show continued growth in SMSF sector
spacer
What are the government’s intentions with negative gearing?
spacer
A new day for Federal Reserve policy
spacer
Age pension fails to meet retirement needs
spacer
ASIC extends reportable situations relief and personal advice record-keeping requirements
spacer
The Leaders Who Refused to Step Down 1939 - 2024
spacer
ATO encourages trustees to use voluntary disclosure service
spacer
Beware of terminal illness payout time frame
spacer
Capital losses can help reduce NALI
spacer
Investment and economic outlook, August 2024
spacer
What the Reserve Bank’s rates stance means for property borrowers
spacer
How investing regularly can propel your returns
spacer
Super sector in ASIC’s sights
spacer
Most Popular Operating Systems 1999 - 2022
spacer
Treasurer unveils design details for payday super
spacer
Government releases details on luxury car tax changes
spacer
Our investment and economic outlook, July 2024
spacer
Striking a balance in the new financial year
Article archive
spacer
Quarter 3 July - September 2024
spacer
Quarter 2 April - June 2024
spacer
Quarter 1 January - March 2024
spacer
Quarter 4 October - December 2023
spacer
Quarter 3 July - September 2023
spacer
Quarter 2 April - June 2023
spacer
Quarter 1 January - March 2023
spacer
Quarter 4 October - December 2022
Quarter 2 of, 2023 archive
spacer
Australians Seek Financial Independence – Report
spacer
Summary of Superannuation Issues and Recent Changes
spacer
Legislation changes give market-linked pensions better outcome
spacer
Inflation drives the cost of retirement to a record high
spacer
Banking on the Age Pension
spacer
The keys to high retirement confidence
spacer
The strong link between advice and retirement confidence
spacer
Top 50 Greatest Inventions in History
spacer
Unintended consequences of work test changes to be rectified
spacer
Banks launch scam awareness campaign
spacer
ATO warns of rise in SMSF identity fraud and investment scams
spacer
The importance of SMSF succession planning
spacer
Our investment and economic forecasts, April 2023
spacer
Overview of the Federal Budget 2023 – 24
spacer
2023 Federal Budget: Stronger foundations for a better future
spacer
Australian retirees face accelerating price pressures
spacer
Protect your business from cyber threats.
spacer
Devil in the detail on super changes
spacer
More women take up SMSF as others look for advice
spacer
More SMSF members accessing funds without meeting conditions: ATO
spacer
How Long Could You Survive Drinking Only .........
spacer
Weighing up cash deposits
spacer
Bank closures, market volatility call for perspective
Protect your business from cyber threats.

Computer hacking has been around for as long as there have been computers.  Once it used to be computer geeks showing the world how smart they were.  Now it's become very serious with almost any person, company or Government at risk from these criminal activities.

.

Recent hacks into large corporations have highlighted the need for these organisations to become more secure.  Even more so now there are possible fines of up to $50 million for a financial firm that was recently hacked.  This is serious money and the cost of stopping such attacks is also very high.

Where does this leave small businesses?  A good question, as the level of expertise in most small businesses, is very low and the ability to pay high cyber security costs is low also.  On the other hand, cybercriminals are looking for 'big treasure' for reasons such as identity theft, and it seems obvious that some are also supported by rogue states that want far more than some 'mum and dad' details. 

What can a small business do.? Thankfully, State and Federal governments have made a start but they tend to focus on doing a very thorough job rather than what can be paid for by small businesses.

The following are some actions a small business can take to start moving down the road of improving its cyber security.  Of course, there are many options if funds are available but just helping staff be more aware of what is dangerous is the place to start.

Set out below are actions you can take to help.

1. Review the information at these web addresses:

2. For most small businesses the above is too much to digest but a review is recommended.  Perhaps give a member of staff the responsibility to read this information and then discuss it with staff.

3. For many small businesses it seems that the best place to start is with how staff manage their online activities because it is here where small businesses are most vulnerable.  A web address to help train staff is https://business.gov.au/online/cyber-security/protect-your-business-from-cyber-threats#train-your-staff-to-be-safe-online

 

Cybercriminals rely on the belief that they are better prepared to attack than businesses and governments are prepared to defend.  But they are also timid.  If you take some steps then a bit of pushback will help as, in most cases, the cyber-criminal will go looking for easier targets, and there will be many for them to choose from.

 

 

Peter Graham
 

Site by Plannerweb