Cyber security: Best practice tips to keep your business safe
21 August 2024

Cybercrime is no longer a distant threat reserved for large organisations; it’s a very real risk for businesses of all sizes.


As a business owner, it’s essential to protect your company’s data, reputation, and bottom line from cyber threats. Here’s some best practice advice and tips to enhance your business’s cyber security.

 

TIP 1. Implement strong password policies

One of the simplest yet most effective ways to protect your business is by ensuring that everyone uses strong, unique passwords. Weak or reused passwords are an easy entry point for hackers. Encourage your staff to create passwords that are at least 12 characters long and include a mix of upper and lower case letters, numbers, and symbols.

Use a password manager to help generate and store passwords securely. Additionally, implement two-factor authentication (2FA) where possible, adding an extra layer of protection by requiring a second form of verification beyond just the password.

 

TIP 2. Keep software and systems updated

Outdated software and systems are a significant vulnerability in any business. Hackers often exploit known vulnerabilities in outdated software to gain access to systems. Ensure that all your business software, operating systems, and antivirus programs are regularly updated.

Enable automatic updates wherever possible to reduce the risk of forgetting to apply critical patches. This simple step can significantly decrease the likelihood of a successful cyber-attack.

 

TIP 3. Educate and train your employees

Your employees are your first line of defence against cyber threats. Training on cyber security best practices is essential. Make sure your staff are aware of common threats like phishing emails, suspicious links, and social engineering tactics.

Encourage a culture of vigilance. For example, employees should be taught to verify unexpected email requests, especially those asking for sensitive information or urging urgent action. Regular refresher courses and simulated phishing exercises can help keep cyber security top of mind.

 

TIP 4. Back up data regularly

Data loss can be devastating, especially if it’s caused by a cyber-attack like ransomware. Regular backups ensure that you can quickly recover critical business information if your data is compromised.

Back up your data to a secure, off-site location—either in the cloud or on physical storage that is not connected to your main network. Test your backup systems periodically to ensure they work correctly and that you can restore data quickly if needed.

 

TIP 5. Secure your network and devices

Finally, securing your network and devices is a fundamental part of any cyber security strategy. Ensure your Wi-Fi networks are encrypted and protected by strong passwords. Consider segmenting your network so that sensitive data is separated from less critical information.

Make sure all business devices, including smartphones and laptops, are secured with passwords, encryption, and up-to-date security software. If employees are working remotely, they should use a virtual private network (VPN) to ensure secure connections to your business network. Employees should not be using free and unsecure Wi-Fi networks in cafes or airports. Mobile data is a significantly safer option.

 

Cyber security isn’t just the responsibility of your IT provider – it’s everyone’s in the business.

By following the best practices above and educating your staff, you can significantly reduce the risk of a cyber-attack by ensuring your business is well-protected – and if the worse happens, you can be up and running again quickly.

Remember, the cost of prevention is always lower than the cost of a breach, both in financial terms and in the potential damage to your reputation. Take the time now to review and enhance your cyber security measures to safeguard your business’s future.


man reviewing documents
5 October 2026
When was the last time you reviewed your business spending? We suggest a few key ways to review, manage and mitigate your operational costs and overheads.
calculator with the word cashflow on it
28 September 2026
Positive cashflow is the beating heart of your business. Dive into a Plain English guide to cashflow and find out how to get in control of your cash position.
hand putting money in piggy bank
15 September 2026
As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends.
Better information supports better farming decisions
14 July 2026
We recently caught up with our clients Graeme and Margaret Shaw to talk about their farming journey, the goals they have worked towards and what has helped them make progress along the way.
Better tax planning, better business decisions
8 July 2026
Tax planning is about looking ahead, understanding your obligations and making informed decisions before the end of the financial year.
Making the most of your accountant’s advice
1 July 2026
Most business owners know their accountant plays an important role in keeping the numbers on track. From accounts and tax obligations through to regular reporting, good accounting support gives you a clearer view of how your business is performing.
Creating your initial Succession Plan
26 May 2026
It's never too soon to create a Succession Plan for your business! The longer you have to plan your exit strategy, the more value you can extract. Don't leave money on the table or be forced to work longer, start planning now!
How an accountant supports your business: 5 key areas of focus
14 May 2026
A good accountant talks to you regularly throughout the year. Here are five key ways we can support your financial management and the performance of your business.
Are you up to speed with the recent changes to fringe benefit tax (FBT)?
4 May 2026
Do you provide fringe benefits to your employees? If so, you may need to update the tax treatment of these benefits to fall in line with the new fringe benefit tax (FBT) legislation.
New: Contract Milking Accelerator Programme
6 April 2026
We’ve recently launched a new Contract Milking Accelerator Programme, designed to support contract milkers in managing the financial side of their business.
Show More