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## Importance of Cybersecurity for Australian Small Businesses


With one cybercrime reported every six minutes in Australia, the issue of cybersecurity has garnered significant attention from the government, especially as small and medium businesses are identified as sectors least prepared to defend against cyber threats. In response to this pressing issue, the National Australia Bank (NAB) has partnered with global cybersecurity firm CrowdStrike to provide free cybersecurity protection to eligible small business customers for a period of 12 months through a subscription to CrowdStrike ‘Falcon Go’. The cost of the cybersecurity software, amounting to $450 annually, will be covered by NAB for the first year.

The collaboration between NAB and CrowdStrike comes at a crucial time, as recent research revealed that only a small percentage of small and medium businesses in Australia conduct extensive training on cybersecurity risks and scams. To address this gap in preparedness, NAB’s initiative aims to equip small business owners with the necessary tools and knowledge to safeguard their operations against cyber threats.

Furthermore, the Australian government has been actively working towards strengthening cybersecurity nationwide, as evidenced by the launch of the 2023-2030 Australian Cyber Security Strategy, which includes the development of six ‘cyber shields’ to protect Australians and businesses from potential threats.

In addition to the partnership with CrowdStrike, NAB has also collaborated with Microsoft earlier this year to offer Australian small businesses a free cyber assessment tool, emphasizing the importance of proactive measures in mitigating cybersecurity risks.

### How AI legalese decoder can Help

The AI legalese decoder can assist small business owners in navigating the legal complexities and terms and conditions associated with cybersecurity initiatives like the one offered by NAB and CrowdStrike. By utilizing AI technology, business owners can ensure that they meet the eligibility criteria and fully understand the implications of the cybersecurity protection being provided. This tool offers a streamlined and efficient way to decipher legal jargon, enabling small businesses to make informed decisions and leverage the available resources to enhance their cybersecurity resilience.

Moreover, the AI legalese decoder can aid in deciphering the terms of use and limitations associated with the free access to security software and the maximum number of licenses available per business customer. By utilizing this innovative tool, small business owners can stay informed and compliant with the requirements outlined in the cybersecurity partnership between NAB and CrowdStrike.

As cyber threats continue to evolve and pose significant risks to businesses, the AI legalese decoder serves as a valuable resource for small business owners to navigate legal complexities and make informed decisions to safeguard their operations against potential cyber attacks.

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