FintechNZ says the cyber-attack on the Waikato District Health Board is not surprising considering only six percent of Kiwi companies have adequate protection.
On average, companies take about 197 days to identify and 69 days to contain a breach according to IBM, FintechNZ general manager James Brown says.
James Brown
New Zealand has a high concentration of smart phone adoption which could make businesses and organisations more vulnerable, he says.
“We have world first cyber products with Delta Insurance and Beneficial Insurance to help and protect personal cyber-attacks.
“Wellington’s Red Shield continues to be world leading in this cyber defensive space. The Kiwi company was the world’s first web app protection service to protect big business against vulnerabilities and cyber-attacks.
“Last week’s attack on the Waikato DHB is thought to have come through an email attachment, crashing the health board’s electronic systems, delaying some elective surgeries and making patient's notes inaccessible.
It affected all five regional hospitals in Hamilton, Thames, Tokoroa, Te Kūiti and Taumarunui.
“The covid pandemic has changed not only cyber security globally. We know attackers will continue to refine their techniques and strengthen their skills to evade security to reach their ultimate objective.”
Brown says the global covid pandemic has provided cyber criminals with a fertile ground to execute scams and reap the riches.
Last year saw more intrusions than ever before, larger ransomware demands and little opportunity for organisations to improve their security posture while keeping pace ..
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