National Australia Bank (NAB) on Monday launched ‘Small Business Cyber Security Summit’ in Canberra, to help businesses understand how they can better protect themselves from cybercriminals.
Launching the summit in Canberra, NAB Chief Customer Officer Business and Private Banking Anthony Healy said Australia’s leading business bank 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,” he said.
NAB also 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 lender said in a statement.
“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 cyber criminals. Across Australia and often in regional areas, we see hundreds of small businesses and agribusinesses every year who are unfortunately targeted by cyber criminals through tactics like identity theft, romance scams and invoice fraud,” Healy said.
“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,” he said.
The NAB Cyber Security Roadshow will kick-off in late October with a series of regional events to give NAB small business customers the opportunity to learn cyber protection skills and speak directly to cyber security experts, NAB said.