Scams a ‘really big threat’ for small businesses

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Scams a ‘really big threat’ for small businesses
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CBA Executive General Manager of Payments Ethan Teas says scams are a “really big threat” for small businesses, affecting individuals both financially and emotionally. “On an individual level it’s devastating when a small business is subject to a scam – both financially and also emotionally,” Mr Teas said. “About forty per cent of cyber-attacks are targeting small businesses. “These small businesses are … for the most part better resourced than consumers, it’s an attractive target for the scammer.” In partnership with Commonwealth Bank.

CBA Executive General Manager of Payments Ethan Teas says scams are a “really big threat” for small businesses, affecting individuals both financially and emotionally.

“On an individual level it’s devastating when a small business is subject to a scam – both financially and also emotionally,” Mr Teas said.“These small businesses are … for the most part better resourced than consumers, it’s an attractive target for the scammer.”

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