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Small businesses are prime targets for cybercriminals. In fact, 43% of all cyberattacks target small businesses, yet many owners believe they're too small to be attacked. This misconception leaves them vulnerable to threats like ransomware, phishing, and data breaches.
The cost of a cyberattack can be devastating. In Australia, the average cyberattack on a small business costs at least $50,000. Without proper security measures, your business could face financial loss, reputational damage, and legal consequences.
Proactive steps to enhance your cybersecurity:
- Regularly update software and systems to patch vulnerabilities.
- Implement strong password policies and encourage multi-factor authentication.
- Educate employees about phishing scams and safe online practices.
- Backup critical data to secure locations to prevent data loss.
By taking these steps, you can significantly reduce the risk of cyber threats and protect your business's future.