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Meeting Australia’s Cyber Security Compliance Standards: A Checklist for SMBs

With a report of cybercrime every 6 minutes in Australia, Cyber security compliance has become more than a regulatory requirement, it is a crucial aspect of safeguarding your business against cyber threats. Australian small and medium-sized businesses (SMBs) face unique challenges in navigating these compliance standards and it can be daunting.

However, with the right guidance and tools, achieving and maintaining compliance can unlock greater protection and stronger reputation. This is why in this article we’ll go through:

 

Understanding the Challenges SMBs Encounter with Cyber Security Compliance

  • Limited Resources: SMBs often have limited financial resources and manpower compared to larger enterprises. This can make it challenging to invest in cyber security and dedicated compliance efforts.
  • Lack of Expertise: SMBs may lack in-house dedicated IT staff who can handle cyber security and compliance. Achieving and maintaining compliance also requires significant investments in technology and training.
  • Complexity of Regulations: Cyber security regulations and standards can be complex and constantly evolving. SMBs may struggle to understand and interpret the requirements, especially if they operate in multiple industries with varying compliance obligations.
  • Balancing Compliance with Business Operations: SMBs often face the challenge of balancing compliance requirements with day-to-day business operations. Compliance measures may require changes to existing processes which could impact productivity and efficiency.
  • Keeping Up-to-date with Technology Advancements: Rapid advancements in technology introduce new cyber security risks and challenges for SMBs. Staying ahead of these developments and implementing relevant security measures can be daunting.
  • Data Protection and Privacy Concerns: SMBs handle sensitive customer and business data, making them attractive targets for cyber-attacks. Compliance with data protection and privacy regulations, such as the Australian Privacy Principles, adds another layer of complexity to their cyber security efforts.

 

Compliance vs. Cyber Security

Whilst the difference is subtle, it’s important to understand that:

  • Compliance is about following the laws and regulations for protecting information from being stolen or compromised.
  • Cyber security is the practice of shielding IT infrastructures against cyber threats through different means, whether required by law or not.

Compliance exists to meet legal obligations that are meant to protect businesses and individuals. Cyber security refers to the systems and controls a business implement to protect its own assets, and compliance is one way to do that

Cyber Security Compliance Standards: Why It is Relevant to Your Business

Cyber-attacks can be very harmful to SMBs. From financial losses to reputational damage, the outcomes can be disastrous. Compliance with cyber security regulations and standards serves as a foundational step in reducing those risks.

Although compliance is just one aspect of a comprehensive cyber security strategy, businesses can expect to:

  • Boost your protection against cyber threats
  • Avoid fines, legal fees, and lost revenue
  • Be deemed as a responsible business
  • Build trust among stakeholders
  • Gain a competitive edge

 

Key Laws, Regulations, and Standards for Cyber Security in Australia

Navigating cyber security compliance in Australia requires organisations to align with various regulations, standards, and frameworks, including the Essential Eight and the Privacy Act.

These are used for organisations to assess their cyber security posture, identify gaps, and implement appropriate measures.

Achieving compliance with cyber security regulations not only helps organisations protect sensitive data and systems but also enhances trust and confidence among stakeholders.

Depending on your industry, you must also comply with additional regulations as described below:

INDUSTRYLAW/REGULATION

Cross Sectors

  • OAIC Privacy Act Reasonable Steps
  • Australian Consumer Law (ACL)
  • The ISO/IEC 27000 series of standards
  • Surveillance Legislation Amendment (Identify and Disrupt) Act 2021

Healthcare & Medical Services

Not-For-Profits

  • Australian Charities and Not-for-profits Commission (ACNC) Regulations

Professional Services

  • Corporations Act 2001
  • Australian Prudential Regulation Authority (APRA) CPS 234
  • Public Governance, Performance and Accountability Act 2013

Education

  • Australian Education Act 2013

E-Commerce

  • Online Safety Act 2021

Critical Infrastructure

  • Security of Critical Infrastructure Act 2018

 

Your Roadmap to Cybersecurity and Industry Data Compliance

Businesses may have some flexibility in how they implement compliance measures, but there are specific requirements outlined in laws, regulations, and standards that must be met. Failure to comply with these requirements can result in legal consequences, penalties, or other enforcement actions which it what we explain to Board members and Executives in our tailored cyber security training.

This is why we put together a step-by-step checklist you can follow to help you in your quest for compliance.

Step #1: Risk Assessment

Identify the cyber security risks that your business faces and assess their likely impact. This will help you prioritise your cyber security efforts and allocate resources. Your risk assessment must include analysing your assets, data, systems, processes, and people.

Some questions to ask in this step are:

  • What are your most valuable and most sensitive data and digital assets?
  • How do you store, access, and share your data?
  • Who are the authorised and unauthorised users of your data and systems?
  • What are the possible sources and methods of cyber-attacks?
  • How would a cyber-attack affect your:
    • Business operations?
    • Finances?
    • Reputation?

By assessing your cyber security risks, you can align your cyber security strategy with your business objectives and priorities. This is a crucial foundation for your next steps. Cyber security risks are ever evolving, so risk assessment should be an ongoing process with regular reviews and updates.

Step #2: Cyber Security Compliance Planning

Develop a cyber security plan that outlines your goals, strategies, actions, and responsibilities. This will comprise business’ compliance policies and protocols. Make sure everything aligns with your business objectives, budget, and resources. Make your plan realistic, measurable, and adaptable to changing circumstances.

Aligning your compliance and cyber security with your overall IT strategy can help you to stay ahead of updates to regulatory compliance. More so, it can fortify your protection, heighten customer trust, and increase your competitive edge. A cyber security partner can guide you toward such alignment.

Step #3: Cyber Security Compliance Implementation

Turn your compliance plan to action starting with communicating it to your entire organisation. Make sure each person understands its importance, so they can all be on board with your plan. Going a step further, you can nurture a compliance mindset into your business culture, with corresponding staff training throughout your organisation.

Implementation is optimal when your IT partner collaborates with your departments and external partners, ensuring a consistent and coordinated approach to cyber security compliance.

Step #4: Compliance Record Keeping

Make sure you keep records of everything. Keeping records attests to being compliant, accountable, transparent, and proactive in managing cyber risks. Documentation can show to your stakeholders, customers, regulators, and auditors your compliance performance and your commitment to safeguarding their digital assets.

Well-kept records enable you to monitor and improve your cyber security compliance over time. They can show you gaps, weaknesses, trends, and best practices to help improve your decision-making, planning, and review processes.

Proper documentation can also support your business’ resilience and recovery in the event of a cyber incident, help restore normal operations, investigate the root causes, analyse the impacts, and implement the lessons learned. When that happens, it is very important that you have records of personal information holdings, data flows, privacy policies, consent forms, contracts, and other APP-compliance documents.

Step #5: Cyber Incident Reporting

As soon as you are made aware of an attack on your business, you need to notify many relevant parties as described in the Information Security Manual (ISM) from the Australian Cyber Security Centre (ACSC).

It includes reporting and notification requirements, such as:

  • Industry Regulators: Specific regulators may need to be notified, depending on your industry.
  • Law Enforcement Agencies: If the incident involves criminal activity, consider notifying law enforcement. In Queensland, that would be the Financial & Cyber Crime Group.
  • Affected Individuals or Customers: If personal data is compromised, you have to inform affected individuals or customers.

You’ll need to use secure communication channels to prevent further compromise.

When reporting or notifying, describe the incident, including the nature of the compromise, affected systems, and potential impact. You may also outline actions taken to contain and mitigate the incident.

 

Cyber Security Services for Townsville or Brisbane Businesses

The legal requirements for cyber security and data privacy can vary depending on the type of organisation and the nature of the data being handled. Therefore, it’s recommended that you seek advice to ensure compliance with all relevant laws and regulations.

At ADITS we developed a tailored cyber security solution built around managed IT, essential security controls, and compliance for a multitude of industries. We help you structure your data and processes so you can ensure compliance with the relevant regulations. Check out our CyberShield brochure today or get in touch with our cyber security experts.

The Human Element of Cyber Security: How Critical is Cyber Awareness Training?

Technology is now woven into our lives and our work. We are connected from the moment we wake up and check our smartphones, to the late-night emails we send.  

But the cyber landscape is full of both opportunities and risks, with human error being the Achilles’ heel that often exposes us to threats. 

 

The First Line of Defence is You 

Picture this: A well-intentioned employee at a regional health clinic receives an email. A simple invoice reminder from what she thinks is a trusted supplier, nothing alarming. But the email contains a link that says “Click to review your invoice”. Little does she know that the link is in fact malicious and that she’s about to open the gate to cyber criminals. Patient records are now held hostage, and chaos ensues. 

This is a typical scenario. The chilling reality is that it can happen to you or any of your employees. Human errors in cyber security are the leading cause of data breaches. In fact, a staggering 

96% of data breaches were caused by or involved human error. 

 

How Cyber Defences Fail Through Human Error 

Whether it’s a weak password or a momentary lapse in judgment, our actions can shape the destiny of our digital infrastructure. How can human error open the gates to cyber threats? 

Passivity: In the most successful attacks, threat actors take advantage of people’s tendency to become complacent or careless, particularly when performing routine tasks. Attackers are always just waiting to jump at the slightest opportunity. In the infamous Equifax data breach, despite receiving a notice about a vulnerability, Equifax’s IT security team failed to patch it promptly. An expired digital certificate further compounded the issue, granting attackers access to sensitive information. 

Poor Password Hygiene: Passwords are our first line of defence, but they can also become our weakest link. Employees who use the same weak password across all of their different apps and platforms will increase the business’ vulnerability to breaches. Once attackers gain access to one of your accounts, nothing is stopping them to access sensitive information.  

Misconfigured Systems: Just like any other business function, IT is an expertise. Don’t let misconfigured systems be exploited by threat actors. You can run regular security assessments and configuration audits to identify your risks.  

Social Engineering: Cybercriminals prey on our trust and curiosity. Your employees could get manipulated into divulging sensitive information outside of the office.   

As we navigate the state of cyber security nowadays, we all have these real-world examples of data breaches in mind such as Latitude, Medibank, Nissan and many more. Australian businesses must fortify their defences and this will be made possible by the empowerment of their employees – and it’s not as difficult as some think. 

 

How Cyber Security Training Can Strengthen Your Defences 

Cyber security awareness training plays a pivotal role in safeguarding businesses against the ever-evolving landscape of cyber threats. Let’s delve into the significance of such training, explore its key components, and highlight real-world examples of businesses that have successfully fortified their defences through employee education. 

The Importance of Cyber Awareness Training 

Cyber security awareness training equips employees with the knowledge and skills needed to recognise threats, mitigate risks, and protect sensitive data. Why does it matter? 

  • Human-Centric Approach: By educating employees, we transform them into a human firewall, strengthening the organisation’s security posture.
  • Cost-Effective: Effective training reduces the security cost per employee by 52%. Investing in awareness programs not only strengthens security but also saves resources.
  • Compliance and Reputation: Demonstrating commitment to cyber security education builds trust among stakeholders, customers, and employees. It also ensures compliance with regulatory requirements. 

Key Components of Cyber Security Training 

What should your training program cover? 

  • Phishing Awareness 
  • Password Hygiene 
  • Safe Browsing and Social Engineering 
  • Mobile Device Security 
  • Data Protection and Privacy 

three-employees-doing-training

 

Creating an Effective Cyber Security Training Program 

Here are some tips about how you can make your training more effective.

1. Assess Your Needs

The best training for your organisation is the one that’s tailored to your needs and the specific risks you face. How do you assess your cyber awareness training needs? 

  • Access Rights: Identify employees’ roles and responsibilities. Tailor your training based on their access levels (i.e., privileged vs. nonprivileged accounts).
  • Legal Obligations: Educate your staff about handling sensitive information and data privacy best practices.
  • Threat Landscape: Understand potential threats specific to your industry and organisation. Address these risks in the training content.
  • Response Preparedness: Train employees on the appropriate actions to take during a cyber security incident. Define incident response procedures clearly.

2. Engage Your Leadership Team

Obtain buy-in from top management. Clearly articulate the impact of cyber security on business continuity, reputation, and financial stability. Demonstrate the return on investment (ROI) from reduced security incidents and improved compliance. Present concise, data-driven briefings to top management. 

The support of your leadership team encourages employee participation. When leaders actively participate and lead the training efforts, employees will follow. Leaders should therefore always grab the chance to emphasise the significance of security awareness. Make sure you provide necessary resources for effective training implementation to support your words with action.

3. Make Learning Interactive

When it comes to cyber awareness training, interactive learning is a game-changer. It can transform passive listeners into active defenders. How can you do that in practical terms? 

Customisable Content 

Offer training that caters to various skill levels. Not everyone starts at the same point. Then, customise content based on roles and responsibilities within the organisation. 

Short, Engaging Formats 

Regular quizzes keep employees on their toes. Questions related to phishing, password security, and safe browsing reinforce learning. Also, use short videos with relatable scenarios. For example, a simulated phishing email and how to spot red flags. Visual storytelling is highly effective in capturing attention as well. Animated characters facing cyber threats resonate better than plain text. 

Real-World Scenarios 

Context always matters. Relate training to everyday situations. Use relevant case studies from other companies when available and share real incidents where employees’ actions impacted security. Learning from others’ mistakes is powerful. 

Feedback and Ratings 

After quizzes or simulations, provide instant feedback. Reinforce correct behaviours. Also, let employees rate the training. Their input can help improve future sessions. 

4. Provide Regular Updates

Cyber threats keep evolving, and so should your training. Keep your content current and relevant. 

Regularly share cyber security tips, recent threats, and success stories via newsletters or similar form of communications. Display posters and visual reminders in common areas. Maintain an accessible online repository of training materials.

5. Opt for Ongoing Training

Regular cyber security training is essential for maintaining a vigilant and security-conscious workforce. Instead of running one annual workshop for half a day, that everyone will forget about really quickly, implement 10-minute monthly programs that employees can do whenever it is convenient to them.  

Make cyber awareness training an ongoing journey. 

There are ways you can make your training fun and engaging in order to break the monotony as we highlight it in one of our previous articles. 

 

Cyber Awareness Training: Guiding Employees Through to Resilience 

Cyber security training is not a luxury; it’s a necessity. By investing in employee education, businesses can build resilient defences, protect sensitive data, and stay ahead of the curve. Remember, a well-informed workforce is your strongest line of defence. 

Training should integrate with your overall cyber security strategy and we can help you with that. You can review our CyberShield approach, a comprehensive cyber security solution for Brisbane and Townsville businesses.  

Together with managed IT, essential security controls, compliance measures, and cyber security services in Townsville, Brisbane, or surrounding areas, we can converge to form your impenetrable shield.  

Demystifying Managed Security: What Your Managed Services Provider Doesn’t Cover

Did you know that in Shani Shingnapur (a village in India), the houses have doorways but no doors*? 

If you think the village residents are taking security for granted, would you be surprised to learn that some businesses also have no doors? 

In Australia, there are businesses that have managed IT services but no cyber security strategy in place – and some may think they do because IT encompasses many different technologies, capabilities and functions. We’re here to tell you that partnering with a Managed IT Services Provider (MSP) does not automatically mean your cyber security is covered. In that instance, it is very much like having a house with just an open doorway or having a house with a door but without any lock at all. 

This article explores the difference between general managed services and specialised managed security services, beginning with a background on managed IT services. 

(*NOTE: Read to the end to find out why houses have no doors in Shani Shingnapur.) 

 

Understanding Managed IT Services 

Managed IT services is the practice where a third-party provider manages your IT by maintaining your infrastructure and anticipating your needs for a fixed monthly fee. These services should align with the goals and vision of the business, and by doing so can boost productivity and efficiency. Often those services include: 

  • Cloud management 
  • Monitoring and maintenance 
  • IT support 
  • Regular hardware and software upgrades and patch installation 
  • Backup and recovery 

Benefits of Managed IT Services 

Managed IT services are for businesses that may not have the time, skills, or experience to deal with certain IT tasks on their own, and also want to focus on more meaningful projects. Partnering with an MSP has many advantages such as: 

Cost Savings 

  • Fixed monthly fee which removes unexpected costs  
  • Reduced hardware and software expenses 
  • No need to spend on hiring, training, and retaining in-house IT staff

Less Downtime 

  • 24/7 system and network monitoring  
  • Proactive detection and resolution of IT problems can prevent downtime 
  • Backup and disaster recovery solutions can reduce downtime in case of any cyber threat, catastrophe, or equipment damage 

Productivity & Efficiency Boost 

  • Overseeing all the IT needs of a business helps to keep it running smoothly 
  • More time and resources to focus on core business activities and goals 

Top Tech Tools & Expertise 

  • Access to a range of the latest tools and technologies 
  • Tap into specialised knowledge, skills, and experience 

The advantages of managed IT may vary from sector to sector. This article shares details applicable to medical, healthcare, and associated services: 5 Key Ways IT Services Can Help Healthcare Professionals. 

 

 

Cyber Security: The Vital Element 

With all the benefits of managed IT, not all MSPs offer the same level of service or expertise. Traditionally MSPs would exclude cyber security from their general managed services, which can unwittingly leave a business vulnerable to cyber threats.  

Cyber security has become essential to all businesses and cannot be considered as an add-on anymore. It requires specialised knowledge and tools that help to protect your data, systems, and networks from cyber-attacks, and should align with your day-to-day IT management. Nowadays, you must consider managed IT services agreements that include comprehensive cyber security solutions. 

The Specialisation that is Cyber Security 

Whilst a heart surgeon is a specialist within the medical field, a cyber security expert is a specialist within IT. All IT professionals will probably have a rather solid understanding of computer systems, but chances are they are not all cyber security experts.  

For example, MSPs can install a firewall but may not be equipped to respond to a sophisticated data breach or ransomware. They might also set up email filters to block spam but some won’t have the expertise or the tools if your staff click on a malicious phishing email. 

Similarly whilst MSPs usually handle regular software updates, not all MSPs are up-to-date with the latest security vulnerabilities that require urgent patches. 

Cyber security specialists are specifically trained to protect your business from all sorts of cyber threats, so they need to have: 

  • Up-to-date knowledge about security vulnerabilities and threat mitigation techniques, especially since cyber threats keep evolving 
  • A full understanding of the industry regulations and standards related to data protection and privacy 
  • Strong problem-solving skills and the agility to quickly respond to security breaches and minimise damage 

 

The Importance of Specialised Cyber Security Services

Cyber security is never a one-size-fits-all solution. Different businesses have unique needs and goals. Every business must have cyber security measures that are tailored to their industry, location, and business objectives and requirements. 

If you are a business owner or manager of an organisation, you know the extreme importance of keeping your operations running smoothly and securely. You probably also know how challenging it can be to keep your business fully compliant with regulations and safe against cyber threats. For example, there are compliance issues specific to medical practices as we discuss it in our article How IT Services Can Help with Compliance in Your Medical Practice. 

A managed cyber security service could be the answer to those challenges. 

Managed Cyber Security Services in Brisbane or Townsville 

Managed cyber security services can help your business, whether it is located in Brisbane, Townsville or anywhere else in Queensland, with a comprehensive and tailored protection strategy that could provide: 

  • Access to a dedicated team of cyber security experts who understand your industry and local market 
  • A proactive approach that mitigate cyber-attacks before they cause too much damage or disruption 
  • A 24/7 monitoring and alerting system that detects and responds to any suspicious activity or incident 
  • A regular reporting and review process that keeps you informed and compliant 
  • A flexible and scalable service that adapts to your changing needs and growth 

What to Look for in a Cyber Security Provider 

When choosing a partner for your cyber security needs, look for the following: 

  • Experience and expertise in your industry and region 
  • A holistic and integrated approach that covers all aspects of cyber security 
  • A transparent and collaborative communication style that keeps you in the loop 
  • A customer-centric and outcome-focused mindset that delivers value and satisfaction 
  • A commitment to continuous improvement and innovation that keeps you ahead of the curve 

Managed Security Services Demystified 

*There are no doors in Shani Shingnapur because its residents have faith in the full protection of Lord Shanaishwar (or Shani). The villagers believe that their Lord Shani lives right in the village to protect them from all threats. 

What about your business – who is protecting it? Are you 100% confident that your MSP can keep it safe from all cyber threats? Do you need to review your managed IT services contract or call your MSP to review which security measures are included in it? 

If you’re not sure about your cyber security posture, how compliant you are with your industry regulations and what reporting to expect as a board member or an executive in your business, ADITS has developed a tailored and comprehensive training workshop. 

The key takeaways 

  • Understand the gap between current efforts and where your organisation needs to be 
  • Discharge your responsibility 
  • How to grow a cyber skilled workforce 
  • Meet current and future regulation and legislation 

Register your interest to our board and executive training session: