Small businesses are now the primary target for cybercriminals. In New Zealand, nearly half of all cybercrimes target small businesses, and one in three small businesses has been attacked. The latest UK research shows their rate as 42%. How prepared are you?Cybersecurity isn’t just about technology; it’s about protecting your business’s reputation, your customers’ trust, and your financial stability. Small steps can lead to big gains in reducing your risks.
Strengthen your cybersecurity
The digital landscape is evolving quickly. Ransomware, phishing, and AI-driven scams are surging. Small businesses account for 82% of ransomware victims, according to recent data. In 2024, CERT NZ reported a 17% increase in cyber incidents affecting small businesses, resulting in over $20 million in losses.
Fortunately, the government is ensuring its support for business keeps pace with the growing cyber threats we face. Resources at www.business.govt are updated regularly, and there are further initiatives you can tap into. They all share the same message: getting the basics right can be your best defence.
1. Step up your passwords
Encourage everyone in your team to use strong, unique passwords or passphrases. A passphrase like “i like eating 3 eggs for breakfast!” is easier to remember and harder to crack than a mix of symbols and numbers. Avoid using personal information, and never reuse passwords across accounts.
2. Take time for 2FA
Turning on two-factor authentication (2FA) adds an extra layer of security by requiring a second form of verification when logging in. Even if someone guesses your password, they won’t be able to access your account without completing the second step. Keeping your devices and software up to date is another simple habit that can help protect your business from vulnerabilities.
3. Enhance email protection
Protecting your business email is crucial. If you have an IT provider, they can help you add security protocols such as SPF, DMARC, and DKIM. These stop your email from being ‘spoofed’ — co-opted for nefarious use. You may also be able to implement these tools yourself with the host of your website domain name.
4. Train your team
Cyber security is a shared responsibility; educating your team is just as important as technical safeguards. Most cyber incidents start with human error, so regular check-ins and reminders about phishing, suspicious links, and requests for sensitive information can help keep everyone alert. Be sure to stay vigilant for unusual activity, such as auto-forwarding rules or logins from unexpected locations.
5. Secure your most valuable data
Identify any data you can’t afford to lose, such as customer details, financial records, and confidential agreements. These deserve extra security measures. It’s also worth writing up a plan of how you’ll respond to any breach or attack. Check out our blog on developing a crisis communication plan for ideas.
Make the most of the support available to you
In late 2024, the government announced a programme dedicated to helping businesses learn about cybersecurity.
The national security agency runs a platform for businesses called “Own Your Online”, which hosts the Unmask Cyber Crime programme. It includes a series of short, educational videos for business owners. The aim is to simplify online security and help New Zealanders:
- understand the most common online risks and threats
- know how to stay protected against cyber attacks
- check to see if something's a scam
- get help when targeted by an attack online.
If you need more tailored support to help your business thrive, Business Mentors NZ is here to help.
Across the country, we have a network of over 1,500+ Business Mentors with a enormous range and depth of expertise. Among them, is the perfect match for your business. If you’re ready to find your Business Mentor, start with our registration form now
