Boss-Gram Newsletter 1

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Hello Visitor,

Welcome to the first edition of BOSS-Gram Newsletter.

BOSS-Gram provides succinct up-to-date practical management information for you as a manager, executive or Board member to protect your business from cyber-attacks and cyber-crimes

Times are changing - hackers and ID thieves are getting smarter - they are finding out how to sneak in past all your virus blockers, scans, firewalls and other ‘stuff’. 

Most of us are relying on our ‘IT guys’ to keep us safe, however, there is a clear and present danger.
 
The bad guys are seeking loopholes in weak spots in your business process, user setup, front and back office staff and even yourself - and those with whom you do business.
 
‘IT guys’ are simply no longer enough. With the best of their efforts in place and working well, you need more.  

Think!  All the
recently hacked major organisations had best practice virus checkers, firewalls and IT security in place.

Currently, cyber security attacks focus on financial  and health professionals, all other SMEs come a close second.

Your business WILL get hacked. It WILL have serious adverse costs and consequences for your business. Many businesses close completely after a serious hack attack.

BOSS-Gram gives you information you need  - to manage your business to reduce the consequences of being hacked.

It can put the controls back in your hands and help you to be sure of what to expect from your IT people.


BOSS-GRAM’s free newsletter from Design Out Crime and CPTED Centre comes to you with those aims.

If you require immediate  manager-focused cyber-security information for your business, contact me immediately on +61 (0)434 975 949 or t.love@designoutcrime.org.
 

Regards,
Terence

 
Terence Love photo
Dr Terence Love
Director,
Design Out Crime and CPTED Centre
www.designoutcrime.org
t.love@designoutcrime.org
+61 (0)434 975 949

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A recent Australian Prudential Regulation Authority (APRA) survey identified that 50% of financial sector organisations experienced cyber-security incidents needing executive management involvement.

For many financial planners and wealth managers, such cyber-attacks threaten business collapse.

Why do hackers focus on financial planning and wealth adviser professionals? The opportunities for criminal financial gains are large, and many financial advisers are small in size with  business processes are not well developed in cyber-security terms.


Read More

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From a cyber-risk perspective there are just two types of business: 

"Those that have been hacked and those that will be hacked"

Cybersecurity impacts extend via managers and the executive to the boardroom.

Cyber-risks and the extent of cyber-losses are now more to do with the management of business processes and staff than with IT security only.


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Cyber-attacks are no longer purely an IT technical issue. Your management decisions, business processes and practices - the activities of your staff and even the actual setup of your physical business environment - can put you at risk of severe losses.


Read More
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The losses from cyber-crime are expected to increase to $2 trillion dollars by 2019. 

For many businesses, organizations and individuals this level of losses will seriously impact their bottom line and in some cases will be disastrous.

Businesses most at risk are SMEs and professional services businesses, especially micro-businesses of 1-50 employees.


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Management Take-Aways

The business risks from cyber-attacks using Internet of Things devices are high. They are eased by keeping IoT devices on a separate Internet network, making sure they have strong passwords, and checking they are not attacking others.

"For businesses, having insecure IoT devices linked to business computer systems is a significant concern."


Read More

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Please forward this copy of BOSS-Gram to your friends and colleagues.

The next issue of
BOSS-Gram Newsletter includes articles on practical changes to reduce business losses from the next cyber-attack on your business.
 
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