Risk

Risk Archives

Why ‘active’ cyber insurance is the key to protecting Australian SMEs

With a new cyber attack being reported every six minutes small businesses must stay ahead of cybercriminals and adapt to...
psychologically

Mental health compensation claims on the rise

The report noted that the median compensation paid for mental health conditions was more than three times greater than t...

A year of contradictions and change: 2024 Australian Retail Outlook

The changes in shopper spending appear to have had the most impact on SMEs, with 41 per cent of small-business retailers...

Small-business owners making sacrifices to cope with rising costs

A third of SMEs report that their revenue is down compared to a year ago, with 38 per cent of them citing challenging ec...
debt, financial recovery

Court wind-ups on the rise as ATO and banks go hard on debt

The ATO and the banks, in particular, are using all the tools in their arsenals to recover monies owed – including long-...
Canberra Parliament

COSBOA welcomes dissenting reports in IR bill on behalf of small businesses

Concerns raised in dissenting reports pertain to casuals, contractors and union right of entry, which COSBOA stated must...
IT security, online security, cyber security czar, cyberinsurance, cyber resilience

Cybersecurity remains a primary concern for small businesses

Cybersecurity concerns came in third, after energy prices and the cost of staff, in the list of issues concerning small-...

Too many small businesses relying too heavily on a small customer base

A worrying 71 per cent of small-business owners say they face some level of risk arising from a small customer base.
NDA

How to protect confidential business information

Open communication and a culture of trust are essential for the security of confidential business information.
relief, clean-up

Small businesses urged to be prepared for natural disasters

The ASBFEO recommend an opt-in 'My Business Record' to allow a small business to digitally store all relevant government...