$6.6 million reported in losses to Cyber Security Incidents in 1st Quarter (January to March) 2023 in New Zealand.
Current losses reported to CERT NZ over the last 2 years (24 months – 8 Quarters) come to $41.1m.
The CERT NZ Cyber Security Insights report for 1st Quarter 2024 makes for worse reading than the 4th Quarter 2023 with higher financial losses but with fewer reported incidents than Q4 2023.
Some highlights from the report:
– $6.6 million in direct financial loss was reported in Q1, up 84% from Q4 2023. 27% of incidents reported financial loss.
– 1,530 incidents were responded to by CERT NZ in Q1 2024, down 20% from Q4 2023.
– Scams while buying or selling goods online went up by 15% from 214 in the previous quarter to 247 in Q1 2024.
– There was an increase in reports across approximately half of incident categories with Suspicious Network Traffic seeing a massive 300% increase from Q4 2023.
At SecureSphere (NZ), as we have previously noted, we know that the numbers and data released by CERT NZ (Quarter One Cyber Security Insights 2024 | CERT NZ) 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.