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The Optus cyber breach reminds us of the importance of cyber security

On 22nd October 2022, the Optus cyber breach resulted in the disclosure of personal information of more than 10 million customer accounts. Names, addresses, phone numbers, dates of birth, email addresses, and even driver’s licence, passport and Medicare numbers were stolen in the security breach.

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How to make sure you haven’t left yourself vulnerable as a sole trader

One of the simplest ways to set up a business in Australia is as a sole trader. Your ABN is free, it costs around $30 to register a business name each year and there are no legal or other annual fees required. You have the freedom to make all the decisions, take all the profits and manage your business as you see fit.

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