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How to protect you and/or your business from 98%* of Cyber Attacks

Mar 31, 2022

Mitigating against Risk is nothing new for any of us. At home you lock the doors and windows as you leave, you might have an alarm installed or security cameras, just to name a few. On the road, we always employ a safe driving practice, and we try and park our cars where they won’t be damaged in any event. At work, we have fire drills and sprinklers, a safe workplace culture and premises, as well as alarms when there’s no one on site. So, what are you currently doing to mitigate against the threat of Cyber risk? 

Did you know, that 73% of identified Cyber hacks came from Russia in 2020? This is predicted to majorly increase, as Russia’s attack against Ukraine unfolds and the rest of the world make difficult decisions with regards to their stance on the current situation. 

Most of us use a computer at home or work, or we use a mobile device whilst on the road. We have access to emails, apps, and some of us even have remote access to work systems. It’s important to have basic Cyber Security practices that can protect you from 98% of today’s Cyber attacks (*Microsoft’s Digital Defense Report, 2022).


These Include:

  • Passwords and Multi-Factor Authentication
    • Having a complex, hard to hack Password is a necessity, think Uppercase and Lowercase letters, Symbols and Length. Often the best passwords are a sentence. But to add to this complexity, use a multi-factor authentication on accounts that support it, which is as simple as receiving a passcode via a text message – so the systems know it’s definitely you logging in.
  • Anti-virus software
    • Antivirus software is important to keep your computer and systems safe from hacking. Make sure you renew it annually with the latest versions – cloud based software has the most accurate detection capabilities. 
  • Keep software up to date
    • As technology is enhanced, software is also enhanced to keep up with it. This might mean your software needs updating regularly (like our apps and phones). If your software is out-of-date, it’s vulnerable to Cyber attacks, as you’re not running the latest improvements. Devices that do not have the latest software should have restricted access until they’re updated. 
  • Apply least privilege access
    • This can be applied at home or work. At home, think parental controls, making sure your children can’t access things they’re not supposed to. At work, having tiered access levels (Owner/Manager authority all the way down to Receptionist Access). Individuals should only be given privileges needed to complete their work. The higher you are in an organisation, special access or abilities above and beyond that of a standard user applies, but again, only access necessary to complete their day to day tasks.
  •  Protect your data.
    • Data is everything. Make sure you have controls over who can access your sensitive data. You don’t want it being compromised – human error is as simple as sending an email to the wrong recipient. If your data is leaked or compromised, this could have major implications to you, your business, brand and reputation. Security measures must be in place, and controls in place on who can access it. 

Cyber crimes are organised, targeted and rampant in 2022. Cyber Insurance should be your last defense. If you wish to discuss your exposure, contact your Insurance Adviser at Austbrokers Comsure on 1800 122 194, or email us at info@abcomsure.com.au.


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