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.
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