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Amit Singh Urges Smarter Scam Prevention as Cyber Threats Surge for Australian Businesses
- Amit Singh, founder of evince Consulting, is advocating smarter scam prevention for Australian businesses amidst rising cyber threats.
- Singh emphasizes the importance of having a structured approach to protecting people and systems from scams, as it is often overlooked.
- He highlights the lack of ownership and a shared plan as reasons why businesses fall victim to scams.
- Singh introduces the 'Three T’s of Cyber Maturity' framework to enhance scam defenses, focusing on simple, high-impact actions.
- The Australian Competition and Consumer Commission (ACCC) reported small businesses losing over $13.7 million to scams in 2023, with expectations of increased losses due to sophisticated attacks.
- Singh stresses that cyber education is crucial for all businesses, particularly those lacking dedicated IT teams, as cybersecurity is now considered a leadership issue.
- He advocates for accessible cyber education programs for business operators and frontline staff to build confidence and enhance decision-making in cyber-related situations.
- Singh warns that scams pose significant risks to smaller organisations, impacting finances and reputation, and underlines the necessity of a clear scam prevention strategy.
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