It urges businesses to evaluate and invest in their security
NAB is encouraging Australian small businesses to improve their cybersecurity and has announced that it will provide a year of free cybersecurity software to its business customers.
The bank’s research from last year has shown that small and medium enterprises (SMEs) are among the least prepared sectors for cyber threats, with the study finding that only 15% of SMEs undergo thorough training on scams and cybersecurity risks, while 40% have minimal training.
In response, NAB has teamed up with the global cybersecurity company CrowdStrike to offer a complimentary one-year subscription to CrowdStrike’s Falcon Go for eligible small business customers.
NAB and CrowdStrike are covering the $450 annual cost of CrowdStrike Falcon Go for eligible small business customers for one year, with a 15% discount offered thereafter. Interested customers can apply for the offer through NAB’s website.
What cyber security does your business have in place? NAB is offering free cyber security software to eligible small and medium business customers. Find out more: https://t.co/BB1iwoldRO
— NAB (@NAB) April 17, 2024
“As Australia’s leading business bank, we have a key role to play in helping educate and assist small and medium-sized businesses to ensure they remain secure,” said Sandro Bucchianeri (pictured), NAB chief security officer. “That’s why NAB is doing what it can to help lift the cybersecurity resilience of our customers.
“It can take businesses years to recover from a cyber attack due to their cost and complexity. By working with CrowdStrike, we are looking to connect and educate businesses, so they can help stop attacks before they stop business.”
Read more: NAB urges brokerages to remain vigilant on cybersecurity
NAB is also offering a free cybersecurity assessment in partnership with Microsoft and other initiatives to aid small businesses in staying secure online.
According to data from the Australian Signals Directorate, the financial year 2022-23 saw an average cost of $71,600 from cybercrime to SMEs, with a cybercrime report being filed every six minutes.
“Smaller businesses just don’t have the resources to manage cybersecurity at a high level,” Bucchianeri said. “The government’s cybersecurity strategy rightly places small businesses at the centre of its efforts, and we’re determined to help lead a collective effort to shift small businesses from one of the least prepared sectors in the country, to the most capable and resilient community group.
“We’re urging businesses to evaluate their cybersecurity and take steps to strengthen it, before it’s too late.”
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