Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cyber attacks costing NZ millions of dollars annually

Leading tech expert Graeme Muller today questioned whether the recent cyber attack on a Wellington health organisation would be enough for New Zealand to take cyber threats seriously.

The NZTech chief executive Graeme Muller says Kiwis, businesses and organisations must act to prevent future cyber hacks which is now costing New Zealand vast sums annually.

Wellington, Kāpiti, and Wairarapa's primary health organisation (PHO) Tū Ora Compass Health has said up to a million New Zealanders could have their medical data in criminal hands after cyber attacks dating back to 2002. Their website was hacked in August, as part of a global cyber incident.

“Ironically, next week is New Zealand cyber smart week, a valiant effort by the government cyber agency, CERT NZ, to help raise awareness of the issues,” Muller says.

“Hundreds of organisations are running cyber safety events and NZTech is hosting its annual New Zealand cyber security summit in collaboration with Conferenz on Wednesday.

“Security is not working in New Zealand So what can we do?’ This is an issue I will be asking at the summit. The alarming rise in phishing attacks, aided by the loss of personal data via breaches is now costing New Zealand and New Zealanders millions of dollars a year.

“This doesn’t even start to measure the intangible losses such as our ability to trade safely in a global digital world.

“If New Zealand wants to thrive in the digital era, we need to make cyber security a core foundation for our digital nation. Every single Kiwi needs to buy into this, because we are only as safe as our weakest link.

“All Kiwis should make sure they are secure online. We should all support cyber smart week’s simple security measures. No one is immune to a digital hack. We are all vulnerable to cyber attacks.

Theo Nassiokas, a leading global tech security expert, says New Zealand is most likely to face significant future cyber attacks, particularly as it is a member of the five-eyes alliance with the USA, the UK, Canada and Australia.

The alliance shares classified foreign intelligence, including the cyber operations of state actors. Nassiokas, the former cyber and information security director at Barclays in Singapore, is the key speaker at the 2019 New Zealand cyber security summit in Wellington on Wednesday.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Consumer NZ Testing: Nine Sunscreen Brands Fail Protection Tests

Nine different brands fell short in the latest round of testing by Consumer NZ, which covered 20 products. More>>


Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>


Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>