The NAB announced its planned cyber safety offensive at the Small Business Cyber Security Summit in Canberra on Monday.
The NAB Cyber Security Roadshow will kick-off in late October with a series of regional events in Parramatta (28/10), Wollongong (29/10), Hobart (25/11), Frankston (26/11), Perth (2/12) and the Sunshine Coast (4/12) giving small business customers the opportunity to learn cyber protection skills and speak directly to cyber security experts.
Launching the Canberra summit, NAB Chief Customer Officer Business and Private Banking Anthony Healy said “cybercrime costs the Australian economy more than $1 billion annually and half of all cybercrime is targeted at small businesses”.
“Across Australia and often in regional areas, we see hundreds of small businesses and agribusinesses every year who are unfortunately targeted by cyber criminals through tactics like identity theft, romance scams and invoice fraud.
“It’s great to stand alongside COSBOA, the Australian Cyber Security Centre, AustCyber and the Australian Small Business and Family Enterprise Ombudsman to create awareness on this topic and to see the Australian Government’s 2020 Cyber Security Strategy Review underway which will play an important role to address this issue.”
Healy said that as the global cost of cybercrime looks set to top $6 trillion by 2021, NAB is taking action to help businesses understand how they can better protect themselves from cyber criminals.
NAB has released a ‘tool kit’ for small businesses with guidance and advice for customers around the types of common threats including invoice scams or ransomware and things owners can do to update their defences such as encrypting data or employing multi-factor authentication for identity protection.
NAB has also announced it will launch in November a collaboration with OutcomeX – an IT systems integration company – to offer its customers, at a special preferential price, the Cisco Umbrella cloud security platform to help customers better protect their operating systems, and provides first line defence against cyber threats.
The collaboration comes off the back of other recent initiatives by NAB to support Australian businesses, particularly in rural and regional areas, including:
- Announcing 163 additional business and private bankers.
- The removal of more than 100 customer fees, including many business banking fees.
- A commitment to keep rural and regional branches open until at least January 2021.
- Opening four customer connect centres in Toowoomba, Tamworth, Bendigo and Bunbury to service regional, agribusiness and small business customers.