* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Growing gaps in NZ’s cybersecurity

March 4, 2024
in Business
Growing gaps in NZ’s cybersecurity
Share on FacebookShare on Twitter

Team of IT Programers Working on Desktop Computers in Data Center Control Room. Team of Young Professionals Working In Software and Hardware Development, Doing Coding

NZ businesses lag behind when it comes to elevating cybersecurity to the highest levels of governance, according to new research.
Photo: 123RF

New Zealand’s top business leaders say there are wide and growing gaps in cybersecurity, with the day-to-day operations of the country’s largest companies constantly in the crosshairs.

A number of large businesses with more than 100 staff were victims of cybercrime in 2023, according to independent research released by technology services firm Kordia.

The operations of a third of large businesses were disrupted by a cyberattack in the past year and most (70 percent) of the 200 business leaders surveyed said they were willing to pay a ransom to restore their systems.

“Cybercriminals are financially motivated. What’s interesting in this survey is it highlights the beginning of a trend where hackers are targeting operational downtime over stealing or encrypting data as a means of extorting their victims,” Kordia spokesperson Alastair Miller said.

He said this was following an overseas trend.

“It’s much harder for organisations to ignore an attack when they can’t function for a period of time,” he said.

“The motivation to pay a ransom is greatly increased when you can’t generate an operational income.”

Cost of crime

The report cited IBM’s Cost of A Databreach report, which estimated the global average cost of a data breach in 2023 at US$4.45 million – 15 percent up on the previous three years.

Kordia’s report indicated more than a quarter (28 percent) of businesses were attacked via a third-party supplier, which highlighted the vulnerability of businesses – even those with robust internal systems and emergency responses in place.

Cloud misconfigurations or software vulnerabilities were responsible for causing cyber incidents for more than a third (39 percent) of businesses, with nearly half (46 percent) of cyber incidents and attacks taking longer than one month to resolve.

“Any cyberattack disruptive enough to cause a business to completely go offline can cripple a business in days, but the reality is that a major incident can take months to resolve – with costs running into the hundreds of thousands,” Miller said.

“For large businesses and critical infrastructure providers, like the ones we surveyed, operational downtime impacts can have knock-on effects for whole supply chains and our economy.”

Kordia incident response lead Conan Bradley said any money paid to cybercriminals went towards increasing the sustainability of organised crime.

“The decision to pay or not to pay comes with a degree of risk, whichever route you choose. If you pay, what guarantees are there that you will receive the decryption key, or that the actors will not sell your data anyway? Or worse, communicate with other ransomware gangs regarding the entry point and your willingness to pay,” Bradley said.

Governance and leadership

Despite the risk, Miller said New Zealand businesses lagged behind other leading economies when it came to elevating cybersecurity to the highest levels of governance.

“Only two thirds of businesses said that cyber security was a very important issue for their board, and this must change to see real progress in the overall resilience of our national industrial and business landscape.”

He said changes to Australian regulations and elsewhere could see boards give more priority to cybersecurity.

“Australia has made notable changes to cyber security governance, through a slew of legislative changes including harsher privacy law penalties of up to $50 million and mandatory reporting requirements for ransomware attacks,” he said, with some survey respondents supportive of similar initiatives in New Zealand.

“Business leaders are eager to see more action to penalise organisations that fail to adequately protect data.

“New Zealand’s current privacy laws only punish failure to report a breach and that caps penalties at $10,000, significantly more restricted and lower than legislation in other Five Eyes nations.”

Response and recovery

The report also focused on steps businesses should take before they became victims of a cyberattack.

Among the recommendations was a need to track assets and map out the location of critical data, which was often held in more than one location, and to work to remove anything that was no longer needed or stale-dated, which could expose a company to unnecessary risk.

It was also critical to have a response and recovery plan in place, which was rehearsed on a regular basis – not just with top tier responders, but with other staff members who may be called to step-up in an emergency.

Bradley said the culture of an organisation was perhaps the most important element in the fight against cybercrime.

“In cyberattacks we’ve responded to here in New Zealand, generally speaking the detection and containment occurs fairly rapidly.

“What takes the most time is the restoration of operations and systems, especially if the business has not adequately backed up their data and systems. It’s a time-consuming process.”

The report recommended business leaders champion a culture change within their organisation.

“Start by making cyber security a priority at the top of the organisation, to embed responsibility for cybersecurity across all levels of the business.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/510855/growing-gaps-in-nz-s-cybersecurity-research

Tags: businessCybersecurityGrowing
Previous Post

Half a million NZ consumers in debt arrears

Next Post

PUBG Player Count – Mobile, PC, and Console

Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

June 10, 2025
How Trump’s ‘gold standard’ politicizes federal science – The Conversation

How Trump’s ‘gold standard’ politicizes federal science – The Conversation

June 10, 2025
Summer science camps for kids at Exploration Place – KSN-TV

Summer science camps for kids at Exploration Place – KSN-TV

June 10, 2025
Vivrelle raises $62 million Series C round – Fortune

Vivrelle raises $62 million Series C round – Fortune

June 10, 2025
After Copa América ‘disaster,’ FIFA is using Club World Cup to be ready for 2026 – ESPN

After Copa América Setback, FIFA Focuses on Club World Cup to Gear Up for 2026

June 10, 2025
Big 4: Drivers that will power India’s economy – The Economic Times

Big 4: Drivers that will power India’s economy – The Economic Times

June 10, 2025
Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

June 10, 2025
Texas teens face mental health crisis as majority lack services – WOAI

Texas teens face mental health crisis as majority lack services – WOAI

June 10, 2025
Life-threatening Politics – SaportaReport

Life-threatening Politics – SaportaReport

June 10, 2025
SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

June 9, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (679)
  • Economy (693)
  • Entertainment (21,598)
  • General (15,302)
  • Health (9,735)
  • Lifestyle (697)
  • News (22,149)
  • People (694)
  • Politics (700)
  • Science (15,912)
  • Sports (21,195)
  • Technology (15,679)
  • World (678)

Recent News

Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

June 10, 2025
How Trump’s ‘gold standard’ politicizes federal science – The Conversation

How Trump’s ‘gold standard’ politicizes federal science – The Conversation

June 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version