Bi-directional arrow

Majority of Small Businesses Not Prepared for Cyberattacks

by OnDeck Australia,   Oct 28, 2022

Australian Broker

28th of October, 2022


New research by online small business lender OnDeck shows that 50% of small businesses are concerned about cybersecurity threats, and the majority of SMEs are not prepared.


OnDeck Australia CEO Cameron Poolman explained “It is worrying to learn that less than half the nation’s small enterprises are prepared for a cyber-attack,” Poolman said. “This doesn’t just leave small businesses vulnerable, it also creates concerns around the security of data involving customers, employees and suppliers.”


Poolman said the recent Optus data breach, which was the result of a massive cyberattack, had highlighted the vulnerability of small businesses which had far fewer resources to dedicate to cybersecurity than leading companies.


He said OnDeck’s Lightning Loan, which can processed and made available within a few hours, allowed small businesses to “address their cybersecurity needs and act quickly to plug the gaps before further exposing the business to significant cybersecurity risks”.


Read the full article here.

Get Started