Security News > 2023 > November > Australian SMBs Feel the Cyber Security Heat: Here’s What IT Pros Can Do to Help

60% of Australian small businesses don't survive a cyber breach.

A recent report by ASIC found that "Medium and large" organisations consistently reported more mature cyber security capabilities than small organisations, which lagged behind in most critical areas: supply chain risk management, data security and consequence management.

This includes the establishment of a voluntary cyber "Health check" program to help small business owners better understand their cyber security maturity.

11 million of the package will go to a Small Business Cyber Resilience Service, which will provide a one-on-one service to help small businesses recover from a cyber attack.

Close to half of Australian small businesses spend less than $500 on cyber security per year.

In recognising the limitations with what small businesses can access, the ASD and Australian Cyber Security Centre pulled together the Essential Eight - a series of best practice recommendations for security and small businesses.

News URL

https://www.techrepublic.com/article/australia-cybersecurity-best-practices-smbs/