Following the escalating conflict between Ukraine and Russia, the Australian Cyber Security Centre (ACSC) has warned Australian businesses to “urgently adopt an enhanced cyber-security posture” to protect themselves against targeted Russian cybercriminal activity. Given the distance between our two countries, cyber attacks are the most effective way that Russia can punish Australia for supporting Ukraine. As a result, Australian businesses are currently at a very real risk of disruption or malicious activities from Russian cyber criminals.
Cloud adoption is accelerating. Gartner says end-user spending on cloud services ballooned 20% in 2022 to nearly US $500 billion. The spending frenzy isn’t about to cool, either; it’s expected to grow by another hundred billion dollars in 2023. Every business is under pressure. Competitors are spending on resilience and improving products and services.
ISO27002 provides recommendations on security controls to maintain an information security management system (ISMS). It started life as a British Standard in the 90s and migrated to ISO/IEC in 2000. It has been revised several times over the years with the latest iteration, ISO27002:2022. The new version contains many structural changes and controls rationalisation. Arguably, the addition of threat intelligence stands out because many of the other changes relate closely to existing controls.
Creativity is one of the hallmarks of humanity. When the whole world was plunged into lockdown, it was only a matter of time before we humans started up with some new lingo to express new situations that we were dealing with. Before the pandemic, nobody would have known what ‘coronavirus’, ‘social distancing’, or ‘contact tracing’ would come to mean.
Nation state cyberthreats are growing in prevalence, persistence, and scale across the globe. As evidenced by the latest activity in Ukraine, nation state actors are emboldened to take action via cyberspace. In fact, Trellix’s most recent Threat Labs Report: April 2022 detailed an upsurge in cyber threats likely from a Russian-backed actor in the fourth quarter of 2021.
Businesses should to take advantage of the government’s generous SME Recovery Loan Scheme before applications close on 30 June 2022. The SME Recovery Loan (SRL) Scheme is providing much-needed financial assistance to many SMEs who would otherwise not be able to access business funding to help their business through the challenges of COVID.
As businesses grapple with COVID recovery and the impact of global events, the federal government has implemented some initiatives for business that are likely to ramp up sections of the economy, particularly those involving apprenticeships and technology and training. Earlypay client service managers across the country are already seeing a rise in the number of businesses seeking funding to invest in technology and training and staffing in the form of new apprenticeships. Earlypay Limited, an ASX-listed company (EPY), is Australia’s leading customer-focused business financing organisation. It provides invoice financing, equipment financing and trade financing to Australian small to medium-sized businesses.
Australia is on the cusp of a very volatile economic period. As the world tries to pick up the pieces after two years of global lockdowns and constant setbacks, we continue to face the aftermath of COVID on many levels. In the current economic climate, businesses should be weary of being caught up in a long-term lease for an expensive office that’s hard to break.
Towards the end of 2021, after investments into marketing support for my Instagram and Facebook, I decided that these Meta platforms were no longer aligned with my business’s values. However, I would be lying if i didn’t say that the feeling of no longer wanting to be on these platforms was running through my mind many months prior making my final decision.
The talk of the town is the skyrocketing price of fuel. Every day people and businesses alike are both feeling the pinch. Online businesses, are being hit hard, because their business model is based on deliveries and with fuel prices going up and affecting all aspects of their supply chain, online businesses have to strategise to navigate their way through this challenge.