$3.6 million reported in losses to Cyber Security Incidents in 4th Quarter (October to December) 2023 in New Zealand.
The CERT NZ Cyber Security Insights report for 4rd Quarter 2023 makes for better reading than the 3rd Quarter 2023 but not by much, but at least the numbers were down from the previous quarter.
Some highlights from the report:
– $3.6 million in direct financial loss was reported in Q4, down 24% from Q3 2023. 19% of incidents reported financial loss.
– 1,881 incidents were responded to by CERT NZ in Q4 2023, down 12% from Q3 2023.
– There was a decrease in reports across nearly all incident categories. Scams and fraud reports decreased 22% from Q3 2023.
– Scam calls – a subset of scams and fraud – saw a significant increase due to a campaign targeting immigrants.
At SecureSphere (NZ), as we have previously noted, we know that the numbers and data released by CERT NZ (https://lnkd.in/dWjnBA_G) are just the tip of a very large iceberg as they are just the incidents that have been reported to CERT NZ.
The vast majority of incidents don’t get reported and the damage and financial loss from those incidents is not currently known but can be guesstimated.
SecureSphere (NZ) can help to prevent Cyberattacks and stop businesses losing money. Talk to us today to see how.