Author: Jing Jia, Senior Lecturer, Business School, University of Newcastle

“Cyber security” may sound like a far-off worry for big corporations or telcos, but that’s far from the case. Cyber security simply means the practice of safeguarding your sensitive data from unauthorised access, theft and damage. If you have any online accounts at all, you should know how best to protect them. That’s also true if you have a small or medium business. Nearly half of all cyber attacks target small businesses with 1,000 or fewer employees, resulting in an average cost of A$46,600 for small businesses and $62,800 for medium-sized businesses in Australia. Even if you don’t own a…