Know how to keep your business cyber safe
According to Australian Government’s Cyber Security Review, cybercrime is costing the Australian economy around $1 billion annually in direct costs alone. Some analysts say that data breaches could cost Australian businesses about $8 trillion over the next five years, largely because of higher levels of connectivity without a proportionate level of investment in security. The ATO or Australian Taxation Office works with the Attorney-General’s Department, the Department of Human Services, the Australian Competition & Consumer Commission (ACCC), the Australian Securities & Investments Commission (ASIC) as well as other government regulatory agencies & departments for combating the growing threat of identity theft as well as cybercrime. A few months back, the government implemented the NDBs or Notifiable Data Breach Scheme, administered by the Office of the Australian Information Commissioner. This scheme applies to all agencies & organizations respon...