Lock it Down

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Lock It Down: Why Cyber Security Matters to Your Business (Yes, Even Your Password!)

In an age where nearly every business activity—from lodging a BAS to managing payroll—runs through a digital system, one thing is certain: cyber security is no longer optional. As an accountant, we are not just here to talk numbers— we are here to help you protect what those numbers represent.

Why It Matters

Cybercrime is on the rise, and small-to-medium businesses are prime targets. A weak password or unsecured device could expose sensitive client data, financial accounts, and even your business identity. And let’s be real: fixing a data breach is far more costly than preventing one.

Think it can’t happen to you?
Cyber-attacks affect businesses of all sizes. A lost laptop, an employee clicking a phishing link, or an outdated password could result in thousands lost—or worse, reputational damage.

5 Quick Questions to Test Your Digital Defences

  1. Do you use strong, unique passwords for each login?
    A strong password includes letters (upper and lowercase), numbers, and symbols. Avoid anything predictable—yes, that means no “Admin123!”
  2. Are you using a password manager?
    These tools generate, store, and autofill complex passwords, so you don’t have to remember them. A game-changer for both security and sanity.
  3. Do you have multi-factor authentication enabled?
    MFA adds a second layer of protection beyond just the password—like a code sent to your phone. It’s easy to set up and well worth it.
  4. Are your software and operating systems regularly updated?
    Those update prompts aren’t just annoying—they patch known security holes.
  5. Do you and your team know how to spot a phishing email?
    One wrong click can lead to malware, ransomware, or worse. A little training goes a long way.

A Quick Checklist to Level Up Your Security

  • Enable multi-factor authentication (MFA) wherever possible
  • Use a trusted password manager (like LastPass, or 1Password)
  • Regularly back up your data to a secure, offline location
  • Ensure antivirus and firewall protections are up to date
  • Educate your team on how to identify scams and phishing attempts
  • Review who has access to your sensitive data and whether they really need it

The Bottom Line

Financial security and cyber security go hand-in-hand. If your digital systems aren’t secure, neither are your numbers. Don’t let a preventable cyber breach derail your hard work.

Where to Learn More

Cyber security doesn’t have to be overwhelming, and you don’t have to figure it out alone. The Australian Cyber Security Centre (ACSC) has created a fantastic Small Business Cyber Security Guide and checklist to help you assess your current practices and strengthen your digital defences. It’s practical, easy to follow, and tailored specifically for Australian small businesses.

For more tools and advice, visit the ACSC’s Small Business Cyber Security hub.  Stay safe, stay smart—and keep your business protected.  Reach out if you have any questions on 07 5494 9173.