With the global cost of cybercrime set to top $6 trillion by 2021, National Australia Bank (NAB) is taking action to help businesses understand how they can better protect themselves from cybercriminals.
NAB Chief Customer Officer Business and Private Banking Anthony Healy said NAB will embark on a small business roadshow to drive education and awareness to help Aussie small businesses defend against threats.
“Cybercrime costs the Australian economy more than $1 billion annually and half of all cybercrime is targeted at small businesses,” Mr Healy said.
“As Australia’s leading business bank, we recognise the important role we can play to help our customers understand how they can better protect their business from cybercriminals.
“Across Australia and often in regional areas, we see hundreds of small businesses and agribusinesses every year who are unfortunately targeted by cybercriminals through tactics like identity theft, romance scams and invoice fraud.
“It’s great to stand alongside COSBOA, the Australian Cyber Security Centre, AustCyber and the Australian Small Business and Family Enterprise Ombudsman to create awareness on this topic and to see the Australian Government’s 2020 Cyber Security Strategy Review underway which will play an important role to address this issue.”
In response to the threat, NAB has released a ‘tool kit’ for small businesses with guidance and advice for customers around the types of common threats including invoice scams or ransomware and things owners can do to update their defences such as encrypting data or employing multi-factor authentication for identity protection.
The NAB Cyber Security Roadshow will kick-off in late October with a series of regional events to give NAB small business customers in Parramatta (28/10), Wollongong (29/10), Hobart (25/11), Frankston (26/11), Perth (2/12) and the Sunshine Coast (4/12) the opportunity to learn cyber protection skills and speak directly to cyber security experts.
To find out more about NAB’s cyber and security guidance and advice visit: www.nab.com.au/security