Australia’s biggest bank and telecommunications company have joined forces with the Council of Small Business Organisations Australia (COSBOA) in a new initiative to help protect small businesses from cyber threats and scams which cost the economy an estimated $29 billion a year¹.
Commonwealth Bank of Australia (CBA) and Telstra are the founding sponsors of COSBOA’s Cyber Wardens pilot program – which aims to become Australia’s first cyber safety workplace certification or microcredential for the small business sector.
The program will be designed by small business, for small business, aiming to upskill the nation’s small business workforce and give owners and employees the tools they need to stay safe online, through a free and easy to use accredited e-learning platform.
According to the Australian Cyber Security Centre (ACSC), 43 per cent of all Australian cyber crime is directed at small businesses — costing small business owners almost $9,000 on average in FY21². As online scams and fraud continue to rise, it is critical that Australia’s almost 5 million small business employees are supported to upskill their cyber safety knowledge.