Cybersecurity: Why It Matters for Small Business
Cybersecurity might sound like something only big corporates need to worry about. But if you’re using cloud accounting software, paying suppliers online, or sending staff payslips by email – you’re already part of the digital chain. And that means you’re a potential target.
What’s actually at risk?
For small business owners, a cyber attack isn’t just an IT issue. It can stop your operations in their tracks. If someone gets access to your bookkeeping system, they could:
Change payment details for suppliers or employees
Steal customer or employee data
Lock you out of your own system and demand a ransom
Lodge fake BAS or IAS statements with the ATO
Access your bank feeds and transactions
These aren’t just ‘what ifs’ – they happen. And when they do, they create a mess that’s expensive and time-consuming to clean up.
Your bookkeeping system holds the keys
Your bookkeeping system holds everything from payroll info to super details, supplier ABNs, ATO links, and your banking integrations. It’s often the first place a cybercriminal will go because it connects to all the key parts of your business.
That’s why we take data security seriously. As your bookkeeping partner, First Class Accounts Ovens & Murray has internal processes in place to protect your data. But there are things you can do, too.
5 practical things you can do today
You don’t need to be an IT expert to improve your cybersecurity. These simple actions make a big difference:
Use strong, unique passwords – and change them regularly.
Turn on two-factor authentication (2FA) – especially for Xero and your email.
Don’t click suspicious links – especially in emails pretending to be from the ATO or banks.
Limit user access – only give team members the access they need inside Xero or other apps.
Schedule regular software updates – for your computer, phone, and apps.
Think of cybersecurity as a business process
Cybersecurity isn’t just about tech – it’s about process. Just like you have checks in place before making a large payment or hiring someone new, you need simple processes to protect your data.
If your current systems feel a bit patchy or you're not sure what’s in place, we can help. We regularly work with clients to:
Review user access levels
Set up app integrations securely
Introduce 2FA and safer login options
Recommend tools to protect your financial data
Safe systems support smoother business
Strong cybersecurity protects more than just your data – it protects your cash flow, payroll, and peace of mind. When your systems are secure, things run smoother. Payments go out on time. Reports stay accurate. And there’s less risk of costly disruption.
At First Class Accounts Ovens & Murray, we make sure your bookkeeping is done properly. That includes helping you make smart decisions about your systems and the way you use them.
If you're not sure where to start or want to double-check your current setup, let’s chat. A quick review now could save you a big headache later.