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Kiwis losing millions more to cyber attacks – and Cert NZ boss says reported numbers are ‘tip of the iceberg’

Great article in today’s New Zealand Herald by Chris Keall, hits home just how much work business, government and individuals still need to do to keep safe. Just installing Antivirus and hoping for the best is no longer enough.

“More than $3.9 million in direct financial losses were reported to the Government’s Computer Emergency Response Team (Cert NZ) in the June quarter – more than double the same period last year, and 30 per cent quarter-on-quarter spike”.

“In 2020, there were just over 250 ransomware incidents involving New Zealand businesses which would have cost around $55m in terms of the demands only. Factor in downtime, and the cost of those incidents increases to around $450m,” Callow says, drawing on a research summary put together by his company, which drew on submissions to the ID Ransomware service.”

See the full article at https://www.nzherald.co.nz/business/kiwis-losing-millions-more-to-cyber-attacks-and-cert-nz-boss-says-reported-nos-are-tip-of-the-iceberg/

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