Scams and Ransomware Cost Kiwis $6.5m in 3 Months

guest · Sep 6, 2019

Scams and Ransomware Cost Kiwis $6.5m in 3 Months
September 6, 2019
https://www.infosecurity-magazine.com/news/scams-and-ransomware-cost-kiwis/

New Zealand has reported the country's highest ever recorded quarterly financial losses to cybercrime.

A report published yesterday by the government's national Computer Emergency Response Team (CERT NZ) revealed that $6.5 million in direct financial losses was reported nationwide in the second quarter of 2019.
CERT NZ's findings show a marked increase in the number of cybersecurity attacks inflicted on businesses and individuals across the country between quarters one and two of this year.

"Scams and Fraud" was the highest reported category in quarter two, making up 38% of all reports. Of the 458 scam and fraud incidents recorded, 19% were related to buying and selling goods online.
Ransomware incidents increased 38% over the previous quarter. CERT NZ strongly advises against paying ransom demands, warning those affected that paying up doesn't mean you'll get the data back.
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Scams and Ransomware Cost Kiwis $6.5m in 3 Months

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