Podcasts about australian smes

In the latest episode of the Finance Specialist podcast, hosts Jack Campbell and Trent Carter delve into the pressing issues facing SMEs in Australia, particularly focusing on cash flow challenges. The discussion is both timely and crucial, as recent data highlighted the financial struggles many Australian SMEs are currently enduring. The role of commercial finance brokers in these tough times is critical. With the end of the financial year approaching, it is an opportune time for brokers to engage with their clients, ensuring that their funding needs are met. The team also touches on the strategic importance of cash flow forecasting. Carter advocates regular forecasting, not just at the end of the financial year, but whenever significant business changes are anticipated.

Business debt to the Australian Taxation Office's (ATO) has more than doubled over the past five years, with Australian SMEs owing an average of $21,000 each. And with the recent focus on small business tax debts, The CEO and Founder of Grow Capital, Gus Gilkeson, is offering some essential advice on navigating ATO notices, creating cash flow forecasts, and the importance of open communications. Gus discusses the risks of ignoring ATO demands and offers practical steps to keep tax obligations manageable. Business Essentials Daily is produced by: SoundCartelsoundcartel.com.au+61 3 9882 8333See omnystudio.com/listener for privacy information.

In this episode of the Defence Connect Podcast, editor of Space Connect Adam Thorn, Steve Kuper, and Liam Garman unpack AusSpace24 – Australia's biggest space sector event. The podcast begins by unpacking how Brigadier General Anthony Mastalir, Commander, US Space Force Indo-Pacific, and Major General Gregory Novak, Defence Space Commander, delivered insights into the future direction of Australian-US allied space interests. The trio then unpack critical insights from the event – including how new technologies are shaping space as well as mitigating the risks of space debris. They wrap up discussing how the industry responded to substantial government funding cuts. Enjoy the podcast, The Defence Connect team

The Reserve Bank lifts the official cash rate to 4.35%; the government pressured to do more to help the inflation picture; Starbucks makes a profit for the first time in Australia; credit card debts decline; Australian SMEs see invoices go unpaid; and Evan Lucas joins us for the Market Wrap.   Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Michael Robertson Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

In this episode of the Defence Connect podcast, Professor Emily Hilder, interim Head of the Advanced Strategic Capabilities Accelerator, joins host Liam Garman to discuss how ASCA is facilitating innovation in the defence sector and the Commonwealth's priority areas for defence technological transformation. The pair begin the podcast unpacking how ASCA will facilitate technological growth in the defence industry and how it is working with international partners to support innovation. Professor Hilder then examines priority areas for defence, including AI, quantum computing, and advanced materials and manufacturing – and how ASCA can help Australian SMEs on their journey. The podcast wraps up unpacking what's next on ASCA's horizon and how businesses can better collaborate with Defence. Enjoy the podcast, The Defence Connect team

In this episode of the Defence Connect Spotlight podcast, Steve Froelich, vice-president of operations for RMS, Lockheed Martin Australia, and Kendell Kuczma, international business development director RMS, Lockheed Martin Australia, join host Liam Garman to unpack the prime's AIR 6500 Phase 1 offering, and the company's expectations for their proposed Joint Air Battle Management System (JABMS). The trio begin the podcast defining how the JABMS fits within the broader AIR 6500 program, and how the capability can be deployed to overcome next-generation threats.  The podcast continues assessing how the prime's Guided Weapons and Explosive Ordnance enterprise solution can be integrated to enhance subsequent phases within Australia's Integrated Air and Missile Defence System. The podcast wraps up discussing how Lockheed Martin Australia seeks to integrate Australian SMEs into the delivery of the project, including their plans to build an integrated air and missile defence hub. Enjoy the podcast, The Defence Connect team

In this episode of the Defence Connect Spotlight podcast, Ken Kota, vice-president, and James Heading, director of programs, Australian Defence Strategic Capabilities Office, Lockheed Martin Missiles and Fire Control, join host Liam Garman to unpack the company's role in building Australia's sovereign missile capability.  The trio begin the podcast discussing why it is fundamental for Australia to develop a sovereign missile capability, and the company's role in building Australian expertise in this field through the Australian Defence Strategic Capabilities Office. Kota and Heading then explain how the company's guided weapons solutions, including the HIMARS, have been so successful on the modern battlefield. The podcast wraps up unpacking how a sovereign missile capability fits into the company's broader joint all domain operations offering, and how Australian SMEs can play a part in this supply chain.  Editor's note: This podcast was recorded prior to the Commonwealth confirming the acquisition of HIMARS in January.  Enjoy the podcast, The Defence Connect team

Manage the finances in your business In any business or corporate organization, it is important to have a good understanding of the accounting system. Cash flow strategies are an important aspect to consider. To gain a competitive advantage, we must understand how to manage finance in our business. Understanding such strategies can help us regain a competitive advantage and increase profitability. Listen to Mick Hawes interview Martin Cattach, the founder of Finance for Business. Cattach is an experienced working capital strategist with the economic and business background to develop sound financial and cash flow strategies for Australian SMEs. In this episode, you'll learn his smart, sustainable ways and strategies to deal with "money problems" - from paying off a tax debt, to expanding into a new market, stabilising a volatile supply chain, or finding a way to retire without closing down. In this episode you will: Listen to Martin Cattach share his insights and advice on how he assists SME business owners in using money to grow their businesses. Hear his schemes for clients who want to expand their businesses but are turned down by banks. Identify the financial errors commonly made in the construction industry. Understand the financial aspects of working capital. Discover what trade finance means for business Learn how to manage the two levers to drive business Understand the return on investment and opportunity cost Discover why using the assets is not a wise move to secure a business Hear us talk about The E-Myth Book, why small businesses fail, and how to overcome common mistakes in business Learn how he has changed careers every 10 years Understand the importance of the business model We also discuss the process of how he builds relationships with his clients All this and more, on this week's episode of THE TOOLSHED. Join the toolshed - thetoolshedpodcast.com Stay tuned next week when we going to cover Never explain it again - use video instead with Luke Canham. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

Around half of Australia's big businesses are failing to pay small business suppliers on time. Despite ongoing efforts to reverse the tide, three reports - late payments, transactions, and a survey - show Australian SMEs are just treading water to survive, and with banks tightening their lending and government handouts having disappeared, the risk of survival has increased. What can SMEs do to get paid on time? RIABU's Simon Littlewood and Mark Laudi offer some ideas. Read more about this topic here.

A new public/private partnership — backed by the major banks — has invested more than $50M in growth equity for a selection of Australian SMEs, propelling those businesses to a new level. The Australian Business Growth Fund (ABGF) promises millions of dollars of growth equity to businesses with good prospects in return for a minority share and mentoring. The ABGF's CEO and Managing Director, former NAB executive Anthony Healy, says the sky is the limit for enterprises that can meet a strict set of criteria. Business Essentials Daily is produced by: SoundCartelsoundcartel.com.au+61 3 9882 8333See omnystudio.com/listener for privacy information.

Several recent surveys have shown that a huge proportion of Australian SMEs have yet to make the transition to selling online. And of the firms that have tried, many have digital management platforms that are not integrated, leading to some software being neglected or ignored. In an effort to transform the sector, the Federal Government has funded training firm Navii Digital to offer free digital coaching to small businesses keen to enjoy the efficiencies and growth that integrated digital systems can bring. Navii's General Manager, Despina Karatzias, explains how it works. Business Essentials Daily is produced by: SoundCartelsoundcartel.com.au+61 3 9882 8333See omnystudio.com/listener for privacy information.

In this episode of the Defence Connect Podcast, host and editor of Defence Connect Liam Garman is joined by Matthew Jones, CEO of EOS Defence Systems to unpack EOS' latest innovations in the defence sector. The pair begin by discussing Jones' recent appointment as CEO of EOS Defence Systems and the company's new T-2000 turret system, including the new directed energy weapons system designed for counter-UAS engagements on the battlefield. The podcast continues discussing the recent EOS-led C4 EDGE consortium, an Australian Army-supported program of 31 Australian SMEs to develop sovereign C4 capabilities. The pair wraps up the podcast by discussing the new Titanis counter-UAS system, developed from mature EOS remote weapon systems concepts. Enjoy the podcast, The Defence Connect team

At a time when many small businesses are already struggling, a global energy crisis is promising to spark an electricity price shock. To make matters worse, it appears a large proportion of Australian SMEs are spending more than they need to on electricity. A study by the Australian Competition and Consumer Commission (ACCC) has shown 16 per cent of Australian small businesses are missing out on cutting their power bills by more than a third. The ACCC Chairman, Rod Sims, says saving hundreds of dollars can be as easy as making one phone call. Business Essentials Daily is produced by: SoundCartel soundcartel.com.au +61 3 9882 8333 See omnystudio.com/listener for privacy information.

Locked Down vs Locked In. The state or territory an SME resides in profoundly influenced its pandemic experience. Stephen Mifsud, Judo's NSW MD, and Ben Tuszynski, Judo's WA MD, chart the challenges and opportunities facing Australian SMEs. See omnystudio.com/listener for privacy information.

With the recent formation of the Sovereign Missile Alliance joint venture, Nova Systems and EOS rise to the challenge of building a sovereign guided munitions capability. Jim McDowell, Group CEO of Nova Systems and Dr Ben Greene, Group CEO of EOS join host Liam Garman to unveil the new Sovereign Missile Alliance (SMA), a joint venture between Nova Systems and EOS to develop a sovereign guided munitions capability in Australia. The pair discuss how sovereign capability is in the DNA of the SMA, drawing on an ecosystem of over 600 Australian SMEs to support the full length of the missile supply chain from design to development and delivery. The guests then analyse the importance of a sovereign military industry in the face of an ever-changing Indo-Pacific, and the role that the SMA will play in enhancing Australia's national resilience by having Australian-based missile expertise and manufacturing.

Brooke Corte takes a deep dive into the issues affecting Australian SMEs thanks to NAB: NAB business experts can help you make ideas more. Managing COVID vaccinations in the workplace is a thorny issue for small business owners, but is it legal to make them mandatory? Employment law expert Michael Byrnes speaks with Brooke Corte. Melbourne's current lockdown is the first without the JobKeeper safety net. NAB's Executive Business Banking Metro Australia Michael Saadie says the bank remains focused on working with customers. See omnystudio.com/listener for privacy information.

Let's Talk Business takes a deep dive into the issues affecting Australian SMEs thanks to NAB: NAB business experts can help you make ideas more. The building boom is happening nationwide and Small Business Ombudsman Bruce Billson says a new red-tape cutting law makes it easy for tradies to follow work from state to state. NAB Chief Economist Alan Oster says businesses are more confident than ever before as they continue to drive Australia's economic recovery. See omnystudio.com/listener for privacy information.

Brooke Corte takes a deep dive into the issues affecting Australian SMEs thanks to NAB: NAB business experts can you make ideas more. NAB Small Business Executive Ana Marinkovic hones in on how SMEs are the engine driving Australia's economic recovery. CAANZ Tax Advisor Susan Franks breaks down how small business owners will benefit from the generous tax breaks in the federal budget. See omnystudio.com/listener for privacy information.

Brooke Corte takes a deep dive into the issues affecting Australian SMEs. What a difference a year makes - SMEs are the driving force behind Australia's economic recovery according to Michael Saadi, NAB's Executive Business Banking Metro Australia. Demographer Bernard Salt says 2021 is the year of the Sole Trader. See omnystudio.com/listener for privacy information.

In this episode, Defence Connect Analyst and Editor, Steve Kuper is joined by Scott Thompson of Lockheed Martin Australia, Platinum Partner of the Australian Defence Industry Awards, and two finalists in the SME of the Year (Metro) category: Craig Maynard, of Axiom Precision Manufacturing and Matt Wilcox of FifthDomain. The four discuss defence industry’s response to the COVID pandemic and the way defence businesses of all sizes have pivoted to support the economic response and collaborated to support the Australian defence supply chain. They also discuss the evolution of Axiom and its participation in the global F-35 program, Maynard also details the transition of the company from an automotive manufacturing company to a specialist, high-performance aerospace and defence manufacturing business. Wilcox details the expansion of FifthDomain since its foundation and the growing recognition by Government and Defence industry that Australian SMEs are willing and capable of meeting the exacting cybersecurity requirements expected in a contested era. The four also deep dive into their immediate goals, objectives and challenges they foresee over the coming twelve to eighteen months and what they believe set them apart from the competition for this year’s awards. Defence Connect will continue to recognise the achievements of talented professionals in the lead up to the 2020 Australian Defence Industry Awards — despite a limited capacity to gather physically. Registration is free for our live stream, which will be held at 8:15PM AEDT on Thursday, 26 November. Register now to be a part of the Defence Connect 2020 Australian Defence Industry Awards Live Stream.

Northrop Grumman’s MQ-4C Triton is billed as a step change for the ADF and its long-range, persistent intelligence, surveillance and reconnaissance (ISR) capabilities serving as a major force multiplier in Australia’s future force. On this Defence Connect podcast, host Phil Tarrant is joined by Chris Deeble, chief executive of Northrop Grumman Australia, to discuss the transformational capability to be delivered by the MQ-4C Triton high-altitude long-endurance (HALE) platform. Deeble and Tarrant discuss the key role and capability the MQ-4C Triton will deliver to the ADF as it undergoes a generational transformation and force structure review identified in the government’s $270 billion 2020 Defence Strategic Update and 2020 Force Structure Plan. Finally, they will also talk about the role Triton will play in supporting Australia’s growing sovereign defence industry capability through the partnerships developed between Northrop Grumman and Australian SMEs, despite challenges in the US. Enjoy the podcast, The Defence Connect team

Dexter Cousins is joined by Aris Allegos , CEO and co-founder of Moula.Aris is driven by the desire to provide Australian SMEs with a better way to access finance. Growing up around a family business, he experienced first-hand the challenges faced by SMEs. Before Moula, Aris spent over 15 years working in banking in London and Hong Kong, including roles with Credit Suisse and Nomura. Moula is one of Australia's most successful Fintech and part of the Governments SME lending scheme. An initiative between banks, government and Fintech to provide business loans to companies impacted by Covid.Aris talks about the fast maturing Fintech sector in Australia, collaboration with govt and big banks and how Moula continues to innovate.To find out more go to https://Moula.com.au----------------------------------------This podcast is produced by Tier One People, leaders in FinTech Executive SearchYour Host, Dexter Cousins is Founder and CEO of Tier One PeopleThanks to our partners FinTech Australia - a member-driven organisation that is building an ecosystem of Australian Fintechs advancing the global economy.We share their mission to build a strong community, foster connections and support innovation. To become a member go to https://fintechaustralia.org.au/join-now/If you would like to sponsor the show please contact info@tieronepeople.comGET THE LATEST FINTECH CHATTERCelebrate at the Finnies! Vic Gov, Vocus and BPAY bring you Australia’s largest and most prestigious Fintech Awards, yet!Thanks To Our Partners FinTech Australia We share a mission to build a strong Fintech community, foster connections and support innovation.Get the latest Fintech Chatter Sign up to my newsletter for the latest in what's happening in FintechLaunch, Scale, Innovate Leaders in Fintech Executive Search and Recruitment

Australian Small Businesses are reluctant to take up loans offered by commercial banks and guaranteed by the state. The Federal Government announced the Covid SME Guarantee Scheme March 22, and earmarked A$40 billion to guarantee 50% of loans. RIABU’s Simon Littlewood and Mark Laudi debate why SMEs are reluctant, whether they should take on such debt now, and whether SMEs can even meet the criteria of the banks to take them out in the first place.

James Scotland is the Queensland President of the Australasian Supply Chain Institute (ASCI) and a renowned thought leader and adviser on the issues of supply chains, the digital economy and the challenges for Australian business in this new economy. In this Podcast James talks about the supply chain challenges for Australian SMEs post-Covid, what the challenges to supply chains in Australia now are, how they impact on business, what we should be doing and how companies can thrive. He focuses on DIFOT, managing cash flows, building strong relationships, branding for an island mentality and considering digital and technology.

Patrick Zhu, China Head of Global Liquidity & Cash Management for HSBC, joined us to discuss China’s cross border fund flow rules and how these regulations can potentially impact Australian SMEs, who are seeking to repatriate funds and gain investment. Write to us at ChinaPodcast@austrade.gov.au.

Patrick Zhu, China Head of Global Liquidity & Cash Management for HSBC, joined us to discuss China’s cross border fund flow rules and how these regulations can potentially impact Australian SMEs, who are seeking to repatriate funds and gain investment. Write to us at ChinaPodcast@austrade.gov.au.

With a wealth of defence industry experience and a career spanning both defence industry and the Department of Defence, Victorian defence industry advocate John O'Callaghan is well versed on trends throughout the sector, and joins us at Pacific 2019 to share his thoughts around the growth of Australian defence on a global scale. He discusses the sentiment of the SME sector in Victoria and their confidence to invest in the industry in the current climate, shares how SMEs can compete on a global stage to participate in AIC content, and explains why an understanding of the procurement system and how it operates is key to securing business within the competitive defence space. Enjoy the podcast, The Defence Connect team

As the executive director of the Australian postgraduate research internship program at the Australian Mathematical Sciences Institute, Gary Hogan is bridging the gap between SMEs and academic research and intelligence. In this episode of the Defence Connect Podcast, Hogan joins host Phil Tarrant to discuss this little-known program and how it can, in his opinion, revolutionise the business models and outputs of various SMEs. He will talk about how SMEs can find an academic expert to solve a technical concern or innovation within their company, how this relationship is structured in terms of the created intellectual property, and how the government rebate subsidisation can reduce financial outlay. Finally, Hogan will discuss why he is such an advocate of the opportunities that the program offers, reveal his thoughts surrounding a push for more women to be involved in the sector, and how interested SMEs can utilise the services. Enjoy the podcast, The Defence Connect team

This weeks' episode focuses on the Financial needs of SMEs within the Australian market. Kate Wilson, Research Director - AU & NZ, RFi Group shares the data behind the current trends and the growth of alternative lenders in the Australia market. From a lender perspective, Beau Bortoli, CEO, Prospa discusses the biggest pain points for Australian SMEs and how Prospa differ from other lenders in the market. The Global Digital Banker is an insight-backed podcast series focused on key trends, market insights, thought leadership and best practice within the fast growing and dynamic world of digital banking. www.globaldigitalbanker.com

Adam Waldie, SEA 1000 capture leader for Thales, recently joined the Defence Connect Podcast to discuss his role in the program and Thales' relationship with the Australian Defence Force. In this episode of the Defence Connect Podcast, Adam Waldie returns with David Eyles, capture leader for the SEA 5000 program, where the pair will unpack their involvement across both programs. They will discuss the Australianisation process of technology and systems sourced from outside of the country and offer advice to SMEs on increasing their chances of gaining contracts with the major defence players. The pair will also discuss the huge opportunity that the SEA 5000 program presents to SMEs, address when they are expecting there to be contractual developments in the SEA 1000 project and look at how these programs are likely to impact their roles going forward. Enjoy the podcast, The Defence Connect team

Small Biz Matters – a half hour program each week where you can work ON your business rather than IN it.with Alexi Boyd from Boyd Office Management ServicesDate: 5 June 2018 The Cloud. We get it, we use it. We count on it. Every day when operating as a small businesses we rely heavily on the cloud and internet storage. We assume it's safe, secure and backed up SOMEWHERE. We assume it's available anytime and reliable and we assume the content we produce is ours to do with what we wish. But we’re not careful enough. But like all things (except death and taxes as they say) you can’t be sure of it. You need to be in control with this extremely important tool of your trade. What if you can’t find an important document? What if the storage you relied on suddenly wasn’t there? What if you never backed up? Well today we have on the show another great expert; Gunnar Habitz to help us navigate through the complexities of Cloud storage but like always on Small Biz we’ll make sure you have practical strategies to ensure you take control. Welcome to the show Gunnar. Topics covered in part two: Cloud in general Cloud storage vs. cloud backup comparing different tools How does a typical IT setup of Small Biz Owners looks like and who helps with IT tasks What does RPO and RTO mean and why is it important Business Continuity and Risk Management instead of just backup Cyber insurance Ransomware attacks Cyber security issues What about the new “Notifiable Data Breach” law in Australia Impact of the new “Notifiable Data Breach” law in Australia How to get attention for the topic   Cloud in general Benefits for customers: agility, flexibility, choice, PAYG Cloud is a journey instead of destination Public, Private, Hybrid cloud On-premise, IaaS, PaaS, SaaS - see the Pizza-as-a-Service example below What’s in the cloud, stays in the cloud - but getting it back is another topic   Cloud storage vs. cloud backup comparing different tools Cloud synchronisation services: Dropbox, Box, Google Drive, Microsoft OneDrive Many of them don’t have versioning (Dropbox EVH has at least 120 days) What’s deleted on one device gets deleted on another as well upon connection Hard to get anything back from the cloud sync providers Proper cloud backup provides versioning in all possible local retention possibilities and clients can get back their data as part of the service by themselves of their partner Example Office 365 can be added by a backup solution (e.g. SkyKick) which is designed for one-click restoring data straight into the mailbox without an PST file export by maintaining the initial structure   How does a typical IT setup of Small Biz Owners looks like and who helps with IT tasks On-premises: notebook(s), printing, potentially a server for files or databases Cloud services like Office 365, Google G Suite, AWS, Xero/MYOB, CRM, specific apps Managed Service Providers (MSPs) deliver IT as a service based on SMB demands including backup, but also on-premise infrastructure from capex to opex Small Businesses should focus on the business outcome for their clients, not on technology   What does RPO and RTO mean and why is it important Two most important numbers in backup and DR before and after a disaster point Recovery Point Objective: maximum targeted period in which data might be lost Recovery Time Objective: targeted duration of time after a disaster to be fully restored back on track The requirements are included in a Business Continuity Plan and have significant effect on the IT design Every company - small or large - need to specify its risk appetite   Business Continuity and Risk Management instead of just backup Provides principles and generic guidelines on risk management Worldwide standard ISO 31000 has been created by Australia/NZ initially (2004) Example: 6% of data restored * cost of getting it back (but how to estimate?) Business Continuity and Disaster Recovery include more than IT, in the first place care about people   Cyber Insurance Some see backup like an insurance, but the reality is different The cyber insurance covers for lost revenue in a data loss, but doesn’t get the data back The backup provider gets the data back, but doesn’t cover lost revenue It is a complementing solution usually not offered together No cyber insurance without proper backup and DR solution in place   Ransomware attacks Talking about a concrete example Can arrive per email or even inside an internet connected printer or scanner Attacks not only local infrastructure, but also the cloud if not well protected 60% of SMEs went out of businesses in the next six month after a significant breach (Australian SME numbers), 80% don’t survive the second year A victim shared his story at the Australian Information Security Association (AISA): the company had a plan to be listed on the ASX within three years, instead they got a severe hack with data breach and it took the owner more than a year to consider working again due to the psychological damage   Cyber Security 46% of the world population is already connected IoT sensors and devices are expected to overtake smartphones still in 2018 Australian numbers The Government estimated the average cost of a cybercrime attack to a business is A$276,323 43% of cybercrimes attack small businesses as they can’t simply prevent it easily Largest cost factor of cybercrime are information loss (39%) and business disruption (36%) Australian Computer Society (ACS) published worldwide data from the Verizon 2016 Data Breach report 63% of breaches are caused by weak, default of stolen passwords In 93% of cases hackers took minutes to break and companies weeks or months to discover 95% of attacks are financially motivated Nearly 30% open phishing emails, 12% clink on the links or open the files (attention on smartphones) Every minute half a million attacks happening in cyberspace Cyber industry estimated US$639B spending in 2023 So what can we do? The security strategies with biggest return are adding security intelligence systems (67%) and advanced identity and access governance (63%) Top tips the Optus “Small Business Guide to effective Cyber Security”: regular backup, secure passwords and multi-factor authentication, security updates, administrative accounts control Leadership must provide a cyber-aware culture educating staff and clients ACS considers 5 pillars of cybersecurity readiness: education & awareness, planning & preparation, detection & recovery, sharing & collaboration, ethics & certification Managed Service Providers and specialists like Witz Cybersecurity (www.witzcybersecurity.com) consult Small Businesses   impact of the new “Notifiable Data Breach” law in Australia In place since 22 February 2018 to report data breaches within 30 days Most often data breaches haven’t been made public not to destroy brand reputation Australian Cyber Security Centre (ACSC) reported that 51% of Australian SMEs found out about a data breach when alerted by customers Fines: $360K for individual and $1.8M for companies above $3M turnover if not reported in 30 days View of the Ransomware programmers: “if you don’t pay me in Bitcoin, then I will breach your data and force you to pay the fines” First quarterly report shows 63 published data breaches within six weeks, mostly health service providers, legal, finance, education and charities Half of the breaches occurred due to human errors The reality might be higher as many companies don’t report or don’t even know   Impact of the new “Notifiable Data Breach” law in Australia Most companies recently sent newsletters with updated privacy policies or partially new opt-in requests Background is the European General Data Protection Regulation binding those who are physically in the EU, not just official residents or citizens Barrister Talitha Fishburn of Wardell Chambers shows the Australian impact (https://www.linkedin.com/pulse/big-data-so-what-australian-businesses-impacted-new-eu-fishburn/) GDPR covers data processing to raise more awareness Backup providers don’t see into the encrypted data about any European personal data insight, so better to be compliant Consent: continue marketing to B2C with an active opt-in for newsletters and to B2B if business customers didn’t provide a subsequent opt-out Many software vendors updated their processes, Marketo as a leader in marketing automation sees GDPR as a worldwide activity Portability: users have the right to obtain the transactional history of personal data Right to be forgotten: consumers have the right to have their information deleted (how do you know where exactly you stored their data?) Data breaches: must be reported within 48h, otherwise fines in two steps up to €20M or 4% of global annual turnover whatever is greater   How to get attention for the topic Don’t think just backup as nice to have (like regular dentist visit fixing one tooth), rather think comprehensive availability (like the winning smile when all teeth are in order) Business consultants and MSPs convince owners better than box moving IT resellers   KeepItSafe helps Small Businesses in Australia and New Zealand to protect from data loss because downtime is not an option. We consult and discover the right solution for the requirements of SMEs in a tailored approach To find out more, go to the website www.keepitsafe.com/au, contact sales@keepitsafe.com.au or call 1300 722 344

“We are de-risking a lot of the Type 26 equipment on the Type 23 in the UK, which gives us confidence. But I think... with the Australian program running five years behind the UK program, it really won't be an issue, because it will be de-risked in the UK.” This week on the Defence Connect Podcast, we follow up with BAE Systems SEA 5000 managing director Nigel Stewart about the progress of the company’s SEA 5000 bid and the UK Navy’s Type 26 build. Stewart walks us through BAE Systems’ plans for mobilising the Australian industry – should it secure the SEA 5000 project – how it plans to de-risk the build of the vessel and the key role Australian SMEs could play in delivering the Type 26 vessel. Tune in for this and more, Enjoy the podcast, The Defence Connect team.

With the government firmly behind driving Australian defence industry capabilities, Defence Connect chatted with Vince Howie, aerospace and defence director for the Oklahoma Department of Commerce, to hear how Australian businesses can branch out to move directly into the US defence supply chain. Flying the flag for the US and Oklahoma, Howie gives the lowdown on the state’s strong aerospace industry, what Australian SMEs need to get right when breaking into the US market and the dynamics of the Australian-US defence business relationship. http://www.defenceconnect.com.au