Tax time, or the end of the financial year is typically one of the peak periods for cyber attacks on Australian business. Small, medium and big business all face the same heightened threat.
With the business and industry sectors looking to close off accounts and reconcile with their suppliers, customers and accountants, the financial period presents increased opportunities for cyber criminals to exploit financial year business processes.
Any business should ensure their accounts payable and other accounting processes are robust. Checks should be put in place to identify potential rogue invoices and suppliers, as well as be on alert for bogus emails such as from banks, accountants, and clients or customers.
Research shows that health professionals, accountants and lawyers are particularly vulnerable at this time of the year because of the high volume of transactions and client business they undertake.
You and your staff should be the strongest line of defence to protect your business and customer data from privacy breaches and malicious activity.
Email-based cyber attacks continue to be the number one way criminals infiltrate business in Australia with phishing or spoofing emails.
The aim is to trick the you or any of your staff into believing that the email message is something that is normally required in business — for instance a supplier invoice, a parcel delivery notice, or a request from a bank or your accountant — which comes with a link to open or an attachment to download.
Even if an email appears to come from a familiar source, if there’s something that seems odd (poor spelling or grammar, the nature of the request, or different email signatures), encourage your employees to double-check with the sender face-to-face, or over the phone to confirm the email is from them.
Cyber security is no longer the sole responsibility of IT professionals. Each individual employee, no matter their technological ability should be made aware of their role to keep your organisation secure, and particularly to be on alert for bogus emails as part of their normal duties.
THINK Technology Australia can provide email security solutions, which integrate with email hosting providers like Microsoft Office 365. Email traffic is scanned at the gateway to stop threats before they gain access to your servers. Safer web browsing is enabled by preventing the download and execution of malicious codes.
For more information on how we can help your business call us on 1300 920 866.