With more and more business operations carried out over the Internet, it’s no surprise that cyber-attacks are among the most threatening risks for businesses this year. Most experts believe, however, that while the risk of cybercrimes is rising in Australia, it might take more than a year for businesses to fully realise its danger.
Cybercrimes had definitely taken its toll on the Australian economy, costing more than $1.65 billion worth of losses per year. At times, cyber-attacks could be elaborate, initiated by anonymous hackers to obtain an exorbitant amount of money from businesses. On the other hand, even employees can put businesses at risk of cybercrimes, with breaches happening due to simple occurrences, such as sending a confidential email to the wrong person. With these growing risks to a business, it’s increasingly important to seek help from insurance brokers in the Sunshine Coast to be protected from potential losses due to cybercrime.