Speakers
Synopsis
Australian small businesses and not for profits are focused on running their organisations, rather than protecting themselves from cyber threats. The vast majority of Australian businesses have less than five employees and do not have the technical expertise or resources to set up their own cyber security team. This makes them a sometimes easy target for criminals looking to make some quick money or steal information.
The Australian Cyber Security Centre advises that a cyber crime is reported in Australia every six minutes, and they saw a 23 percent increase in reports in 2023 compared to the previous year. The average loss from a cyber crime event for a small to medium business was $97,200 for medium businesses, up 10% on the previous year.
It’s obvious more needs to be done to help small businesses and NFPs protect themselves, and large mature organisations have a responsibility to provide guidance and advice to smaller organisations to help them improve their security resilience.
For this reason, NAB undertakes a number of partnerships across industry and academia designed to bolster efforts to protect individuals and businesses from cyber threats. These also look to address the current talent shortage and encourage new workers to join the cyber security industry. These activities are also designed to be aligned to the Australian Government’s Cyber Security Strategy.
This presentation details NAB’s approach to industry partnerships, focusing on a new partnership NAB has initiated with CrowdStrike to deliver free cyber security software to NAB small business customers and not for profits.
NAB has purchased a significant pool of licences for CrowdStrike Falcon Go, a fit for purpose cyber security software tool designed for small businesses. These licences are being given for free to NAB SMBs and NFPs to help them improve their cyber security defences.
This talk will cover why the partnership was set up, how it works, benefits to customers and NAB/CrowdStrike, and lessons learned and next steps.
This session will inspire other organisations to consider how they could set up partnerships to work across industry and government to build Australia’s cyber security resilience, and make small businesses and NFPs more aware of the support that exists in the marketplace for them to protect themselves.
