Gallagher News and Insights

Cyber security pain points for small businesses – what you need to know

07 July 2020

Small to medium-sized enterprises are estimated to account for 96% of all businesses in Australia and approximately 40% of all cyber crime targets. You wouldn’t gamble on these odds so you shouldn’t risk your business future by leaving yourself open to attack. Here are the 3 keys to understanding how you could become a cyber crime victim and what to do to avoid it.

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The role of risk mitigation in fighting the working from home cyber crime wave

17 June 2020

Opportunistic and quick to respond to new vulnerabilities or exposures, cyber criminals have wasted no time in adapting to the conditions presented by Australia’s response to COVID-19. Gallagher cyber practice leader Robyn Adcock explains why the restrictions that helped contain the spread of the virus also encouraged a cyber crime wave.

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Insurance market update: cyber risk evolving as fast as technology itself

19 May 2020

In light of the prevailing COVID-19 pandemic and its impact on the delivery of knowledge, goods and services, the perceived value of data and information as a valuable commodity has grown along with the connected risk. Remote worker access to data and stricter device controls are the new security perimeter.

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Staying cyber safe while working from home

17 April 2020

Our Australian work patterns have changed immensely in response to COVID-19, and when large numbers of employees work remotely, cyber security becomes a primary consideration. 

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Cyber security and COVID-19: How to protect your business online during the coronavirus outbreak

20 March 2020

In their response to the coronavirus outbreak, employees and other stakeholders will begin remote work and there is increased pressure on an organisation’s cyber security risk management.

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Do I need cyber liability insurance?

10 March 2020

Is your business likely to be threatened by cyber risk? Absolutely. If you’ve got an internet connection you’re at risk of an attack or incident that could potentially close you down or inflict financial damage. Small businesses aren’t exempt: over a third of global cyber attacks target companies with less than 250 employees. Every business needs cyber protection. That's where cyber liability...

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Cyber security package for small business endorsed by government

14 February 2020

A new cyber security product designed to help small businesses and released in partnership with Gallagher has been selected by AustCyber for government funding. BrAin box, a plug-in device that uses artificial intelligence to monitor a business’s computers and systems, is one of 17 recipients of almost $8.5 million from AustCyber to boost Australian cyber security.

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Don’t let a computer failure bin grape harvest profits

27 November 2019

From venerable traditions Australia’s wine industry has embraced the productivity gains and cost savings achieved by technology. But what happens when a system fails?

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Compromised credentials behind most Australian cyber security breaches

07 October 2019

Your contact details are what are most at risk from a data breach, and personal information and systems access should be of primary concern to Australian businesses, according to the latest statistics.

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Protect your business from cyber threats from malicious insiders

18 September 2019

Malicious insiders are responsible for a significant proportion of serious cyber attacks because their organisational knowledge equips them to exploit vulnerabilities and hit a company where it hurts. Here’s how to deal with the threat and protect your business.

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Human error the most preventable factor in data breaches

02 September 2019

One little typo in an email address. That’s all it took for the personal information of 317 people to be sent to an unknown recipient: dates of birth, passport numbers and medical test notes – a jackpot for any cyber criminal involved in credential or identity theft.

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Australian universities targeted by hackers

01 July 2019

The Australian Catholic University is the most recent victim of a cyber attack targeting higher education institutions, with some systems and staff accounts compromised in an attack which occurred on 22 May 2019.

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Case study: cyber crime as a management liability

01 May 2019

In this case of employee theft our client sustained a loss approaching $1 million over a period of years through a staffer’s access to funds and accounts. Take note, there’s a cyber security lesson here concerning insider threats.

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Do you have a strategy for handling a cyber attack?

19 April 2019

Does your business have a plan for meeting data breach penalties and costs? With the Marriott group facing a potential $915 million fine for its 2018 data breach, organisations of any size are facing the need for contingency strategies.

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Cyber security an even bigger challenge in 2019

12 March 2019

Australia’s Federal Parliament, Toyota Australia, Melbourne’s Catholic Archdiocese and cardiology unit Melbourne Heart Group have all been in the news as recent victims of cyber attacks. Who’s next?

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How businesses can defend themselves from the latest information hack attack

14 January 2019

Just before Christmas news broke of a global hacking campaign targeting outsourced IT service providers, or managed service providers (MSPs), to obtain commercial advantage by stealing customer information.

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Inherited customer data hack highlights M&A risks

10 December 2018

The announcement by a global hotel chain of the discovery that an acquired business’s reservation system had been compromised raises issues around the need for cyber security due diligence.

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Is cyber security impacting the value of your business?

26 November 2018

Poor cyber security practices could impact the value of a business in a potential merger or acquisition, according to EY.

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Cyber breaches reach new high

16 November 2018

The latest quarterly report released by the Office of the Australian Information Commissioner (OAIC) has revealed that cyber breaches have continued at pace.

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GDPR international test case has worldwide significance

01 October 2018

The world is watching the first European Union General Data Protection Regulation (GDPR) action against a non-EU company – a test case with global implications.

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