The CEO of the Council of Small Business Organisations Australia (COSBOA), Luke Achterstraat, emphasized the importance of heightened vigilance for businesses, especially those in the construction and trades sector, as they face increased risks of cyber threats.
Achterstraat urged all businesses with online hardware accounts to monitor for any unusual activity in the coming days and weeks. He stressed the importance of protecting sensitive data, finances, and client information from potential scams and fraud. COSBOA recommends businesses to immediately review their security protocols, change all passwords linked to Total Tools accounts, and enable two-factor authentication where possible to minimize the risk of unauthorized access.
To further support small businesses, COSBOA is promoting the Cyber Wardens program, a free eLearning initiative funded by the Federal Government. This program is designed to help small businesses and their employees fortify their digital defenses against cyber threats, equipping them with the knowledge to identify and prevent cyberattacks. COSBOA has partnered with industry bodies such as the Master Builders Association, the National Timber and Hardware Association, and the Master Grocers Association to ensure that small businesses across Australia have access to the necessary resources to safeguard against cybercrime.
With cyberattacks on the rise, especially in sectors like construction and trades, small businesses must stay informed and prepared. Hackers often exploit vulnerabilities in these industries due to the valuable data they handle, such as payment information, client details, and supplier contracts. Therefore, investing time in employee training and implementing cybersecurity best practices can significantly reduce the risk of future breaches.
The recent data leak at Total Tools serves as a critical reminder that even trusted suppliers can fall victim to cyberattacks, putting customers and affiliated businesses at risk. As more companies move toward digital solutions, the importance of cybersecurity can’t be overstated. COSBOA’s efforts, through the Cyber Wardens program, aim to create a more secure environment for Australia’s 2.5 million small businesses, ensuring they are well-equipped to tackle the ever-evolving cyber threats.
In addition to joining cybersecurity programs, businesses should regularly update software, employ strong, unique passwords, and back up essential data to reduce the impact of potential breaches. By taking these proactive steps, small trade businesses can enhance their digital security, ensuring they remain resilient against future cyber threats.
