October is Cyber Security Awareness Month, and it's a timely reminder for businesses to recognise that cybersecurity isn't just a one-time task; you need to be consistently on the ball. 

In 2021–22, a cybercrime was reported nearly every 7 minutes to the Australian Cyber Security Centre (ACSC). That's a lot!

Here are four solid steps you can take to help prevent your business from getting stung:

  1. Keep your devices updated. I know those constant update requests can get annoying, but it's vital. Opt for automatic updates so your systems are always up-to-date with the most recent security patches.
  2. Activate multi-factor authentication (MFA). MFA adds an extra layer of protection for your crucial data and accounts, offering various secure options like an authenticator app, a physical token, or even email/SMS verifications. 
  3. Consistently back up your data. Unforeseen issues such as hardware malfunctions, thefts, or malware can jeopardise essential business data. Regular backups can be a lifesaver, ensuring you can restore information without excessive costs or potential data loss.
  4. Opt for passphrases over passwords. The name of your first cat, followed by your aunt's postcode, no longer cuts it as a security key. Passphrases, comprising 4 or more unrelated words, are inherently more secure. They're lengthy, unique, and harder to predict compared to traditional passwords. Consider using password managers to craft or store these robust passphrases.

While cyber threats pose significant risks to businesses, numerous resources are available to enhance your cybersecurity measures and train your team on best practices. 

For some top-notch advice and tools, give cyber.gov.au a visit. It's a valuable pitstop for businesses like yours.

Partnering with Quantum Advisory allows you to focus on what you do best – running your business – while leaving the financial aspects in capable hands. Contact us today to supercharge your company, become more profitable and plan for the future.