The Hidden Costs of Neglecting Cybersecurity in Australian Businesses
cybersecurity is no longer optional—it’s a necessity. Yet, many businesses in Australia continue to underestimate the importance of a robust cybersecurity strategy. While the visible costs of cyberattacks, such as financial losses, are well-documented, the hidden costs can be even more damaging. This article uncovers the less obvious but equally critical consequences of neglecting Cybersecurity in Australian Businesses, offering insights into how businesses can avoid falling into this costly trap. 1. Loss of Customer Trust and Reputation When Australian businesses suffer a data breach, it’s not just their systems that are compromised—their reputation takes a hit too. Customers expect their personal information to be safeguarded, and a breach can shatter that trust. How Australian businesses can rebuild customer trust after a data