NZSC reports that during the quarter that ended on June 30th, financial losses went up.
The majority of the $6.8 million, according to the study, came from 11 reports totaling over $100,000 and $5.5 million overall.
Kiwis lost $3.6 million as a result of “unauthorised access” instances, which also rose in value.
“Unauthorised access is a serious type of incident,” NCSC director of mission enablement Michael Jagusch said.
“Because attackers are inside your systems and can potentially commit crimes without being detected.”
There were 1203 reports received overall, a 22% decrease from the first three months of the year and a 38% decrease from the same period the previous year.
Phishing and credential harvesting (484 `reports), scams and fraud (434 reports), and unauthorized access (167 reports) were the most often reported occurrences.
Jagusch advised businesses to go to OwnYourOnline.govt.nz for advice and countermeasures against cyberattacks.
“Bad actors will try to exploit every tool to their advantage,” Jagusch said.
“They’re always coming up with new and inventive ways to steal money and information, and it’s our job to help you stay one step ahead of them with simple steps and guidance.”
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
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