What small businesses really think about cybersecurity, what solutions they need from the cybersecurity industry & why 60% of small businesses don't go out of business after a data breach with Adam Selwood

Cyber Security Café

The Intro

Beverley won’t let Louisa move into the spare room, even if it is her birthday!

Beverley talks about how we all want to help small business with their cybersecurity but are we doing the right things that are right for that market

Louisa has been researching (again) looking at the confusing landscape of advice for small businesses on cyber security

Why Adam is the perfect guest to help us better understand the market, the problem and what small business needs from security

The Chat

Adam Selwood is Director, Co-founder and CTO at Cynch Security and we are so pleased to have a local Melbourne cybersecurity entrepreneur in the café with us!

We talk about

Where Adam started his career, how he moved into cybersecurity and why he loves it

Why he and Suzie first discovered the pain that small business experiences around data breaches and the passion he and Suzie found for trying to finding solutions to help them

What is a small business and how to define that area

The challenges with getting data around the impacts for small business

What are the attitudes towards cybersecurity within small businesses and whether they are optimistic about their security

Whether it’s a realistic figure that 60% of small business go out of business after a cyber attack

What are the characteristics on a small business and the challenges they have

What small business needs from cybersecurity solutions and what they have invested in so far

How the cybersecurity industry can confuse small business with our language

Why small businesses are not keeping up to date with cybersecurity threats and solutions to address those

What the biggest risk for small business is when it comes to cybersecurity

The relationship between small business and large corporates when it comes to supply chain risk

The changing landscape for small business around regulation and how this will impact them

What the future holds for small business security including

increased data breach regulation (and disclosure)

customers driving increased security from small business

Digital natives changing the expectations of small business

Increasing attacks affecting small business

Why there is no bigger problem in cybersecurity than small business security and why Adams is optimistic on the solutions coming for small business

Why cybersecurity is part of a long list of challenges for small business

Adam’s fantastic advice for would be entrepreneurs in cybersecurity

The debrief

Our key takeaways from the chat including

Confirmation email is the biggest threat for small business

The amazing amount of passion and due diligence done by Adam and Suzie on the problems that small businesses experience

Why we should support Cynch and why small business is important for the Australian economy

The misquoted fact about the number of small businesses that go out of business after a cyber attack

Where to find facts that you can use about small business cybersecurity

How to follow Adam:

Visit: https://cynch.com.au/

LinkedIn: https://www.linkedin.com/in/adamselwood

Twitter @adamselwood

CREDITS

Guest: Adam Selwood

Hosts: Beverley Roche and Louisa Vogelenzang

Producer/Editor: Louisa Vogelenzang

Sound Producer: Darcy Milne (Propodcastproduction.com)

RESEARCH

The in-question fact about 60% of small businesses going out of business after a cyber attack

https://staysafeonline.org/press-release/national-cyber-security-alliance-statement-regarding-incorrect-small-business-statistic/

https://www.bankinfosecurity.com/blogs/60-hacked-small-businesses-fail-how-reliable-that-stat-p-2464

Security Boulevard facts you can use on small medium business security (with some facts around small business only)

https://www.securityboulevard.com/2019/06/15-small-business-cyber-security-statistics-that-you-need-to-know/amp/

CONTACT THE CYBERSECURITY CAFÉ

Join our LinkedIn Group https://www.linkedin.com/company/the-cybersecurity-café

Email us:

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Visit our website: https://www.cybersecuritycafe.com.au

Want to be on the show? Send us your bio and an overview on what you want to chat about and we’ll be in touch asap.

We also welcome guest suggestions – in particular we’d love to hear from new voices in the industry who have new ideas to share about the human side of security.

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