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NZTech Inform – cyber crime focus

Kia ora,

This week’s highlight is our Cyber Security Summit in Wellington. Cyber crime remains a significant risk to organisations, big and small. 

CERT NZ, the agency that tracks incidents continues to report growth in crime. During the last few years, we have increasingly relied on digital devices and this is also reflected in the number of incidents reported. In Q3, $8.9 million in direct financial loss was reported, mostly lost to scams and fraud reports, which have also increased by 32 percent. Romance scams, fake job offers, investment and even rental property scams are becoming more common. However, phishing and credential harvesting remain the most reported categories.  

This is NZTech’s ninth annual Cyber Security Summit in collaboration with our event partner Brightstar. I was looking back at the post event briefing papers from earlier summits and not much has changed. The big issue of the day continues to be the evolving landscape of cyber crime and the increasing cost for businesses and the economy. As time has progressed criminals are using more sophisticated technology and methods. Our summit provides a critical update for organisations on the evolving threat landscape and the latest products and approaches to counter it.

However, one thing hasn’t changed. In 2015, the summit called for increased focus and investment by the Government on cyber security. With billions spent on the physical security of Aotearoa, why are we still only spending several hundred million on cyber security? 

Meanwhile, Techweek23 is getting closer by the day, so don’t forget to submit your events now.

The week will begin with the Tomorrow Expo in Auckland 10-12 May. The expo is showcasing New Zealand tech innovation that will transform business, education and our community. This is an ideal opportunity for business, tech leaders, Government and startups to gather together. NZTech and Tech Alliance members can also access special rates. So, if you’re considering booking a stand, make use of our offer and secure your place for priority site selection.

Ngā mihi nui
Graeme Muller

PS: Today is the last day to submit your entries for this year’s Hi-Tech Awards.

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