Ransomware attacks, where hackers take control of your data and systems and demand a ransom, are surging in Australia. Although the ransomware attacks that make the news headlines are those affecting major brands, small businesses are also suffering under the onslaught. Ransomware attacks on small businesses often succeed because these businesses often don’t know the risks and are ill-prepared to…
As the world continues to become more digitalised, with remote working becoming a new norm, and the cyber market ever-evolving, the threat of cyber attacks continues to rise. As a business or organisation, a cyber attack can have massive ramifications, both financially and otherwise. Disruption to business, loss of customers, tarnishing of reputation, and the large amount of time and…
The prevalence of cyber attacks against businesses is only growing, and with it, the importance of cyber insurance is increasing. A cyber threat to a business can not only halt operations, lead to a loss of revenue and cost the company a large sum of money to get back up and running, but it can tarnish the reputation of the…
Following on from the changes to NSW Work Health and Safety Act in June 2020, Western Australia has followed suit. After receiving royal assent on 10th November 2020, a new Work Health and Safety Act (2019) has been passed in Western Australia, due to come into effect in 2021. Replacing the previous Work Health and Safety Act, the change in…
In an increasingly digital age, it should come as no surprise that cyber insurance has become an important consideration for the business community. This is particularly relevant in the current business climate with the increased cyber risks which have come from Covid-19 as the global pandemic has seen an increase in people working from home, a reliance on cloud based…
Covid-19 has had a significant impact on the business landscape and there have been ongoing implications regarding the emerging need to create working from home capabilities. Across business, the priority must be for businesses to take appropriate measures to ensure a secure environment. While Covid-19 has opened up new opportunities for businesses to become creative with working arrangements, it’s also…
The recent COVID-19 pandemic has seen an unprecedented number of Australians finding themselves working from home. While this carries a number of challenges, an important consideration for businesses needs to be the risk associated with accessing work-related information remotely where the security and processes of the office are often not present. What is cyber crime? Cyber crime is a crime…
The insurance industry is constantly evolving, with new products continually on offer for businesses of all sizes and new trends emerging. As we move into a new decade in 2020, we can expect to see new challenges as insurers balance the needs of the consumer with changing market conditions. So, what does this mean for your business? Let’s explore what…
In the digital age, businesses of all sizes store important customer information electronically and a breach of this sensitive information can have serious consequences. Whether it’s through cybercrime or human error, a breach of customer information can have major implications for your business and lead to a loss in trust. While cyber insurance can protect you from the financial implications…
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