BizCover, Australia’s leading insurance comparison website for small business owners, has applauded the launch this month of a new initiative aimed at creating Australia’s first cyber safety workplace certification for the small business sector.

Experts are urging real estate agents to consider safeguarding their business from the risk of cybercrime after multiple attacks hit the industry in recent months.

Cyber Liability insurance has been available since at least the year 2000, however many small businesses in Australia are not taking advantage of the protections a policy can provide. According to one survey, just 40% of businesses1 have any sort of cover in place.

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren’t just fictional brooding movie villains – they’re real people doing real damage across the globe, particularly in Australia and especially to small businesses.

In Part 2 of our cyber risk series, we take a look at what steps you can take to protect your business from a cyber–attack. We also explain what Cyber Liability insurance is and why you should consider it as part of your business security plan.

Small businesses are being urged to not look to the younger generation for their cybersecurity methods after new research suggests Gen Z are far less likely to be cyber safe compared to older generations.

With cybercrime reaching record levels, Australia’s 2.5 million small businesses are increasingly looking for ways to lock the digital doors to their information.

SMEs face unique challenges in the cyber realm. Unfortunately, misinformation doesn’t help and can often hinder SMEs from understanding the importance of Cyber Liability. That’s why we’ve debunked three widespread myths and offered insights to set the record straight.

Misinformation is everywhere, especially regarding cyber security. This can cause SMEs to hesitate when it comes to shielding their business. Unravelling these myths is key to ensuring they understand the importance of Cyber Liability protection. That’s why we’re taking on three more common cyber security myths, offering clarity and truth in place of confusion.