As Australian businesses continue to move their operations online, large corporations and small to medium enterprises (SMEs) alike are grappling with increasingly savvy cyber attacks. According to Business Victoria, such attacks can cost businesses an average of $276,000 to detect, recover, and repair. SMEs are particularly vulnerable, with some sources suggesting that as much as 43% of all cyber attacks in Australia target smaller businesses. Against this backdrop, it’s critical that business owners keep informed of the current cybersecurity trends and equip themselves with the tools to combat them. That’s why we’ve teamed up with cyber security experts ESET to bring you the top 5 cyber security trends Australian business owners need to know in 2020. From ransomware attacks to business email compromise scams, read on to learn cybersecurity trends in 2020 that you should be mindful of.
