Business

Cybercrime shows no signs of slowing down in Australia. ReportCyber, the Federal Government’s online cybercrime reporting service, received close to 94,000 reports in FY2023, according to the Australian Signals Directorate (ASD) Cyber Threat Report 2022-2023. While attacks on big business may hog the headlines, small enterprises are...

In its simplest terms, reinsurance is insurance for insurance companies. Unfortunately, global reinsurance is impacting businesses of all sizes following an increase in catastrophic events across Australia. Insurers paid out $36.5 billion in claims in 2022 alone, according to the Insurance Council of Australia. There were more than...

Businesses of all shapes and sizes are starting to embrace artificial intelligence (AI) powered tools such as ChatGPT. Its uses are almost limitless, from writing marketing content to generating business proposals and so much more. But it's also important to understand its limitations and risks. What is ChatGPT? ChatGPT...

In today’s climate of uncertainty, small businesses are facing a number of challenges. Along with higher interest rates, cyber threats and new technologies such as artificial intelligence, there’s the looming risk of recession. Vincent Nair, Executive Chairman and CEO of SMARTECH Business Systems discusses the steps you...

An annual insurance health check is all part of being in business and a new year is a great time for this important task. So here are some tips for making sure your risks are covered in 2022. Step one – assess your risks A business risk assessment involves mapping...