To reduce the risk of cybercrimes you should regularly install new software updates, and ensure your employees’ passwords are complex and different to other passwords.
You should ensure that every employee of your business is trained to be constantly on the lookout for ways that cyber criminals may be trying to bring your business down.
You must make backups of all of the data on your business’ computer system, and you must do a check to be certain that it will actually re-load.
If your business is held to ransom by cyber criminals, remember that the government discourages businesses from paying ransoms as there is no guarantee that the criminal will honour the deal by allowing you access back into your own computers.
If you pay a “cyber-ransom” it may encourage attackers to make further attacks on your business, or other businesses.
In Australia, paying a ransom is not illegal, but recklessly or deliberately paying a terrorist organisation, or a United Nations sanctioned organisation, is.
If your business is a victim of a cybercrime then you need to check if you have a legal obligation to give the notifications required under the Privacy Act.
Before transferring money, your employees should always do a double check that the payment details they are about to use were not intercepted and changed.
If your business is a victim of cybercrime then you need to check whether you have a legal obligation to disclose it to your insurer.