I am looking forward to joining the TIN100 team on Wednesday in Auckland to hear how the top 200 tech exporters have progressed during the past 12 months. It’s fantastic to see the TIN100 team also in Wellington and then in Christchurch to share the great news.
According to a preview, New Zealand’s top 200 tech companies have achieved 38 percent profitability growth in the last year alone, which is the fastest rise since the report first started tracking movement in 2005. Additionally, the stock prices for the largest ten listed TIN100 companies by market capitalisation have risen 57.3 percent in the past year. I can’t wait to find out more!
Last week, at the NZTech Cyber Security Summit I hosted a leader’s workshop on how to enable better information sharing so that we can all learn from the experiences of those that have been attacked. There are all sorts of reputational risks for firms to disclose they have been hacked, but the value from sharing this information is enormous. The answer seems to be encouraging more organisations to share with CERT, the relatively new Government agency that aggregates this information. In a recent global analysis, the average cost of a data breach was $3.8 million. As more firms share data with CERT in New Zealand, the real costs of poor security practices will become more apparent. I believe that ensuring all firms are cyber secure is nationally important, so cybersecurity remains an area that NZTech continues to work closely with the Government and our membership.
I hope you enjoy the short week.