Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Government Must Put Funding Into Educating New Zealanders About Cyber-risk

NZTech says that it is time for the government to put funding into educating New Zealanders about how to avoid being a victim of cybercrime, just as government does for road safety.

About 87 percent of Kiwis concede security of their personal information online is important but 40 percent say safeguarding their information is inconvenient, NZTech chief executive Graeme Muller says.

As New Zealand businesses operate within an increasingly digital environment, businesses, governments and groups are coming under a growing number of threats from cyber-attacks.

Virtually a third of New Zealanders don’t regularly check the privacy settings on their social media accounts. Roughly the same number of people do not use two-factor authentication when logging into an online account.

Organisations are needing to bring cyber-security to the forefront of their digital strategy to ensure they are operating at their peak and to protect both customers and staff, Muller says.

NZTech is staging the biggest cyber risk summit in Wellington next week, February 24, which is critical to being prepared for any hack attack.

Summit delegates will hear experts and peers at the coal face of cyber security about the realities of cyber in the modern business environment.

“New Zealand organisations and businesses are facing increasing and rampant cybercrime threats and the situation is getting worse,” Muller says.

“Almost a million New Zealanders are falling victim to cybercrime every year. Not long ago the Reserve Bank of New Zealand suffered a data breach and Australians are on high alert following a series of cyber-attack threats.

“Ransomware has become the biggest threat, used by criminals to lock up people’s systems and data and then demand a ransom in return for their release.

In the United States, agencies including the FBI have warned their healthcare system is facing an increased and imminent threat of cybercrime.

“Cybercriminals are unleashing a series of extortion attempts in the new frontier of crime aimed at locking up hospital information systems.

“Kiwi businesses and organisations must act immediately to block future cyber hacks which is now costing New Zealand vast sums every year and the covid pandemic has increased New Zealand’s reliance on digital devices and the internet.”

The world of cyber security and attacks are rife and CERT NZ, the government entity that tracks cyber breaches, says Kiwis are not protecting their digital systems, he says.

“Our New Zealand cyber security summit in Wellington next Wednesday includes key speaker Australian ambassador for cyber affairs and critical tech, Dr Tobias Feakin.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

Real Estate: House Price Growth Rates In Hawke’s Bay Skyrocket Ahead Of Rest Of New Zealand

Hawke’s Bay is leading the property ‘pack’ proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>