Insights

The big mistakes costing small businesses in New Zealand

By Benedict Stewart on Dec 6, 2018 12:08:49 PM

It’s no secret that small businesses have it tough relative to their larger counterparts. It’s equally undoubted that a lack of resources, financially or otherwise, affects anything from credit ratings and capital raising through to people-power and technological capability. Due to the limited resources, small businesses are typically more exposed to external risks beyond their control, whether that’s an economic slowdown, a key employee resigning or losing an important contract. 

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Want to go agile? Make sure your team is prepared.

By Benedict Stewart on Dec 6, 2018 11:40:29 AM

The most innovative business teams are going agile. How can your team join the movement?

Up until recently, the agile methodology was a project management tool reserved exclusively for software teams. That’s because the original Agile Manifesto was designed by techies, for techies. Now business and strategy teams are adopting agile, and it’s taking off.

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The unthinkable has happened, you’ve been attacked

By Jillian Stewart on Nov 6, 2018 5:46:11 PM

 
You are the owner of an SME and therefore you can be fairly sure that the following three things apply to you:
  • There is a lot more cyber crime than you’re aware of
  • The risk caused by cyber criminals is greater than you think
  • If you are attacked there is a serious downside
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Do you need to train your staff on cybersecurity?

By Jillian Stewart on Nov 6, 2018 5:15:36 PM

Insiders including employees, consultants, contractors and suppliers are the lead cause of cyber incidents for SMEs. While it’s true that a high number of incidents can be attributed to hackers, the majority rely on an employee, for instance, taking action(e.g. opening an attachment in an email, clicking a link). In other words, your business is just one click away from being compromised.

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Creating a cyber policy for SMEs

By Jillian Stewart on Nov 6, 2018 3:51:09 PM


To protect company data and systems from cyber attacks SMEs must devise, implement
and enforce a formal security policy. The policy needs to specify the systems and data that need to be protected against attacks and who is responsible for protecting it.

Staff are key to maintaining a culture of security in your business. The contents of your cyber security policy will guide employees on the use of technology and online behaviour.

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Targeted lines of defence for common types of cyber attacks

By Jillian Stewart on Oct 19, 2018 2:06:59 PM

The easiest defence against malware and ransomware is having anti-malware and anti-virus programs installed, and regularly updated, to protect your data. Ensuring that all firewall security is enabled and updated consistently helps to safeguard all incoming and outgoing traffic and keeps employees from browsing dubious sites. Staff must be trained to take responsibility for their actions online. Refraining from clicking suspicious links, for example, is a simple way to avoid malware contamination.

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How to become cyber ready

By Jillian Stewart on Oct 19, 2018 1:56:16 PM

 
Cyber security has become a fundamental element of business operations. Ever-changing and escalating cyber threats require investment in security policies, procedures and products no matter a company’s size, market or location. 
 
Large organisations can afford dedicated and highly trained staff to focus on cyber security. SMEs often lack in-house experience and the necessary resources to invest in cyber security, making them vulnerable targets for hackers. 
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Types of cyber attacks

By Jillian Stewart on Oct 19, 2018 1:51:04 PM

 
While there are countless ways for cyber criminals to launch a cyber attack and hacking techniques are continuously evolving, businesses and their employees should be aware of the most common types of attacks.
 
Short for "malicious software" , malware covers any program introduced into the target’s computer with the intent to cause damage or gain unauthori s ed access. 
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Getting to grips with cyber risk

By Jillian Stewart on Oct 19, 2018 1:15:46 PM

Cyber attacks are a real risk for SMEs. A cyber attack is a breach of a computer system by an outside party with the aim of stealing sensitive data. Cyber criminals can target individuals, organisations, companies or governments. Cybercrime caused direct financial losses to NZ businesses of over $1.5M in AprilJune 2018 according to CERT NZ(Computer Emergency Response Team New Zealand). 

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Protect your business from personal grievance claims

By Tim Larkin on Oct 9, 2018 2:05:36 PM

 
If a personal grievance action is brought against your business the costs can be high. Employers and Manufacturers Association data for 2017 shows the average costs incurred by employers unsuccessfully defending themselves against personal grievances was $60,665; the employee success rate was 70% nationally. However, even with a ‘win’ the cost to the employer is significant. Add to that the loss of productivity and the negative impact of taking the focus off day-to-day operations. Not ideal if you’re a business owner.
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How to reduce your insurance premiums

By Tim Larkin on Oct 2, 2018 3:54:09 PM

It’s easy to take out an insurance policy to cover business risks. But is it easy to reduce your premiums? Surprisingly, the answer is yes. Taking the simple step of online compliance training for staff can reduce your premiums and lower your business risk.

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Top 3 reasons why small businesses can't ignore cybersecurity

By Benedict Stewart on Oct 2, 2018 3:49:47 PM

It’s a routine Friday morning in the office and it comes as a shock to see blood red text suddenly invading your computer screen. The anonymous author is demanding $300 in bitcoin to decrypt your files. It’s not the best timing but $300 seems manageable enough. You get on the phone to your IT department and the panic starts to set in when you realise that the firm’s entire operating system is infected. The systems might be down for a day or longer. It’s going to be ugly.

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