Cyber Security – Why bother…?

June 16, 2024

It would be prudent as a business owner, to protect your company and the reputation you have with your clients and suppliers… in which case you need to bother.

Cyber security attacks on businesses are becoming more and more common! As a business you need to have a plan in place to prevent an outbreak and a plan in place for how your business will react to a cyber security attack, should one occur. This is known as having a cyber security framework.

 

The number one form of attack currently is known as a Phishing attack, this comes by way of an email that looks legitimate but will lead you to a false location where the malicious party will aim to obtain confidential information, normally a password to one of your cloud services.



These attacks can easily fool a staff member, especially on a busy day where they might be under some pressure and feel as if this needs to be done in order for their system to continue to be operational.

 

Once this sort of attack occurs, it can be costly not only from a financial point of view, but also from a workflow disruption point of view, sometimes taking weeks or months to recover.

 

Not only that it’s reported that the harm is not limited to the business but can have an impact on the psychological wellbeing of the business owners also.

 

Recently BFA limited moved its IT infrastructure to Help IT, a Taupo based business. They kindly provided the content of this article, if you would like to know more reach out to your BFA Client Manager and they will put you in touch.

September 11, 2025
How are you feeling about your business right now? Are you on solid financial footing, or taking a more cautious approach? Is demand steady, growing, or unpredictable?
September 2, 2025
A strong credit profile is the foundation of your business’s financial health. This blog looks at why it's important, and how you can build and protect a good score.
August 28, 2025
A core initiative for Kiwi businesses, Investment Boost is a new tax incentive to encourage investment in assets to increase productivity.
July 28, 2025
We were fortunate to have Mark Lister from Craigs Investment Partners as our guest presenter at a recent event co-presented by BFA and Craig's Investment Partners.
July 3, 2025
At BFA, our passion for numbers is matched only by our commitment to community, wellbeing, and having fun together. Here’s a snapshot of what we’ve been up to so far in 2025.
June 10, 2025
We love celebrating our clients success stories, and were delighted to read about our clients John and Kellie Penny's daughter Charlotte who was recently crowned Eventer of the Year.
May 27, 2025
Over 50 farmers and rural professionals gathered at the Millennium Hotel in Taupō on Wednesday 21 May for a pivotal seminar hosted by BFA and Craigs Investment Partners.
May 21, 2025
Succession planning is important for both your business’ and family’s future but isn’t often thought about until retirement.
May 7, 2025
Tax planning is a strategic approach to managing your business’ financial affairs, with the aim of legally minimising your tax liability.
May 1, 2025
We, along with Craigs Investment Partners, will be hosting an event later this month to take a deeper look at the practical and emotional side of succession planning.