Understanding the complex world of PCI compliance is a challenging task, especially if you’re a small business owner whose area of expertise isn’t based in the technology and security space. There is a lot of information, and misinformation, surrounding Payment Card Industry Data Security Standard (PCI DSS), which can be confusing for people who haven’t
A new report from 4iQ released a startling statistic, saying there was a 424% increase in new cyber breaches of small businesses in 2018 compared to 2017. What’s even worse, 78% of the small-medium sized businesses participating in these findings indicated they had been a target of cyber attacks, highlighting the importance of eCommerce fraud
Small business owners work hard and have enough worries without adding privacy to the burden. But you should be aware that customers are getting very concerned about how organisations handle their personal information. They are even moreanxious about how information regarding their health and children is handled. The Privacy Act, which includes the Australian Privacy
Itʼs not too dramatic to say: Itʼs not a question of if your business will suffer a data breach, but when. In late May, 100,000 Westpac customer records have been compromised, the Australian National University has suffered a sophisticated cyberattack, the Australian Catholic University staff database has been compromised and the Commonwealth Bank has suspended
A data breach occurs when information your business holds is compromised – lost, stolen or sent to the wrong person. Data breaches affect small businesses every day. The individuals whose personal information is affected may be harmed and the business which suffers the breach might lose customers, money and trust and see its reputation damaged.
As we move deeper into all things digital, we see payment trends changing at a rapid rate. Between major data breaches – think Facebook and the famed Cambridge Analytica saga of 2018 and the more recent 2019 attack on Australia’s Victorian Government – and more businesses moving online, the need to stay up-to-date is crucial.
Cyber-fraud is increasing exponentially and an attack can be devastating. Businesses need to understand the risks of cyber-fraud and get protected.
Small businesses are the most vulnerable when it comes to cybersecurity and are often the least equipped to deal with threats and the associated risks. In fact, 22 per cent of Australian small businesses1 who were the victim of the 2017 Ransomware attacks are no longer operating. Similarly, the majority of Australian small businesses still haven’t
A recent security survey revealed that one in four small businesses in Australia fell victim to cybercrime in 2017, an increase of 25 percent from 2016 levels, when cybercrime affected one in five businesses1. According to the Commonwealth Government’s Stay Smart online guide for small business2, cybercrime costs Australia around $1 billion per year, with
If you sell or shop online, then chances are you’re well aware of the personal data you are required to submit upon payment – but how secure is your personal information and what happens when your information is at risk of being breached? PCI legislation has been an increasing concern in the digital sphere, changing
