SecurityBrief New Zealand logo
New Zealand's leading source of cybersecurity and cyber-attack news
Story image

$2.9 million gone: Kiwis hit by more than 500 cybersecurity incidents

By Sara Barker
Wed 30 May 2018
FYI, this story is more than a year old

The first three months of 2018 were busier than ever for cybercriminals, who managed to steal $2.9 million from New Zealanders through methods including phishing, fraud, ransomware, and website compromise attacks.

CERT NZ’s Q1 2018 quarterly report covers reports between January 1 and March 31. Although the losses are a slight drop from the $3.4 million reported last quarter, CERT NZ director Rob Pope says they continue to be a significant threat.

Phishing, credential theft most dangerous in Q1

Phishing attacks and credential theft were responsible for 196 of the 506 reported incidents. Scams and fraud are also prevalent in New Zealand: They were responsible for 168 incidents – a 21% increase from last quarter’s figures.

However, New Zealanders aren’t letting phishing websites lure in more victims – CERT NZ helped with 102 takedown requests either directly or by supporting reports made by banks and financial services organisations.

Unauthorised access accounted for 60 incidents – a 67% increase. There was also a 133% increase in reported vulnerabilities (35). Ransomware was only responsible for 13 incidents but there were two new ransomware variants spotted: ‘Rapid’ and ‘David’.

Individuals snared by scams; phishing baits organisations

Scams and fraud most affected individuals (153 reports); while phishing and credential harvesting impacted 118 organisations.

Individuals also bore the brunt of 75% of all direct financial losses ($2,208,644), while businesses reported $728,318 in direct financial losses.

New Zealand’s finance/insurance and tech sector reported the most incidents; accounting for 44% and 11% of reports respectively.

Overall, 33% of incidents involved financial loss; 6% involved data loss; 3% affected operational impacts; 2% involved operational loss; 3% caused technical damage; and 4% involved other types of loss.

Over-55s most impacted by financial loss

This quarter’s report breaks incident reports down by age group. Pope says the losses are especially pronounced from those in the over-55 age group. 87% of the value of financial loss impacts people over 55; while only 13% impacts those under 55.

“New data analysis this quarter shows that this has been particularly harmful for victims in the over-55 age group who have reported losing more money than any other age group,” says Pope.

Those over 65 lost $1 million – the highest losses across all age groups. Those aged between 55 to 64 reported the second-highest losses of $724,000.

CERT says age-impact data helps the team develop specific outreach programmes that work for the communities it is targeting.

“It’s insights like these that show the value of having a national CERT. Our role is not only helping specifically impacted individuals, but using the information from incident reports to help all Kiwis improve their cybersecurity,” Pope says.

“We use our data to support technical and non-technical people and organisations all over New Zealand. We do this in a range of ways, from working on new methods to disrupt models of attack to building outreach activities that help people take simple actions to protect themselves online.”

CERT NZ welcomes cybersecurity incident reports

New Zealanders who suspect they have experienced a cybersecurity issue should report it to CERT NZ at www.cert.govt.nz.

Related stories
Top stories
Story image
Tech job moves
Tech job moves - ActiveCampaign, Arcserve, LogRhythm & Qlik
We round up all job appointments from June 17-22, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Phishing
Online identity theft is rising in NZ - here’s what to do about it
It may start with a few stolen details online, but it could end with thousands of dollars missing or worse, a reputation down the drain.
Story image
Internet of Things
Domino's Pizza: A blueprint for secure enterprise IoT deployment
Increasingly, organisations are embracing smart technologies to underpin innovations that can enhance safety and productivity in every part of our lives, from industrial systems, utilities, and building management to various forms of business enablement.
Story image
Artificial Intelligence
Abnormal Security finds financial supply chain under threat
New research by Abnormal Security has found a rising trend in financial supply chain compromise as threat actors increasingly impersonate vendors.
Story image
Cloud
SonicWall recognises partners and distributors at FY2022 partner awards
SonicWall has recognised its distributors and partners for their efforts in producing the company’s most successful year to date.
Story image
Cybersecurity
Aqua Security, CIS create software supply chain security guide
Aqua Securityand the Center for Internet Security have together released the industry’s first formal guidelines for software supply chain security.
Story image
Collaboration
Why the success of client collaboration projects depends on addressing these five warning signs
New tools, applications, and software have enabled project collaboration to continue remotely, both between employees within an organisation and with its clients.
Story image
Apple
LastPass announces new capability for iPhones and iPads
LastPass has announced its new save and fill experience, allowing customers to fill in, create and save their credentials directly within the site's form field.
Story image
Zscaler
Securonix partners with Snowflake, Zscaler in joint venture
Securonix is embarking on a joint technology integration with Snowflake and Zscaler to speed up threat detection and response at cloud scale.
Story image
Cybersecurity
Why is NZ lagging behind the world in cybersecurity?
A recent report by TUANZ has revealed that we are ranked 56th in the world when it comes to cybersecurity - a look into why we're so behind and what needs to be done.
Story image
Identity and Access Management
Ping Identity launches corporate venture capital fund
Ping Identity has launched a corporate venture capital fund to foster innovative offerings for the identity security market.
Story image
Data resilience
Digital resilience in 2022 - A10 Networks releases new study
Of the 250 corporate organisations surveyed, as many as 95% showed high levels of concern for all aspects of enterprise digital resilience.
Story image
Yubico
New research shows global drive for passwordless authentication
A new study has shown there has been a significant shift towards wanting a passwordless future, but adoption is still in its infancy.
Story image
PagerDuty
Ready for anything with the PagerDuty Operations Cloud
In a world of digital everything, teams face increasing complexity. Ever-growing dependencies across systems and processes put customer and employee experience, not to mention revenue, at risk.
Story image
SaaS
Varonis strengthens security capabilities for AWS and S3
Varonis has strengthened and expanded its cloud and security capabilities, with a critical aim of improving safety and boosting data visibility in Amazon Simple Storage Service (S3).
Story image
Data Protection
Thales solution supports DevSecOps teams with data protection
Thales' CipherTrust Platform Community Edition enables DevSecOps teams to deploy data protection controls into multi-cloud applications faster.
Story image
Dark web
Cybercrime in Aotearoa: How does New Zealand law define it?
‘Cybercrime’ is a term we hear all the time, but what exactly is it, and how does New Zealand define it in legal terms?
Story image
Cybersecurity
Palo Alto Networks named Google Cloud technology partner of the year for security
Palo Alto Networks was recognised for helping organisations rapidly transform security operations for future success.
Story image
APAC
Aqua Security launches cloud native security SaaS in APAC
Aqua Security has announced the general availability of cloud native security SaaS in Singapore, serving the broader APAC region.
Story image
Wavelink
How Wavelink fosters creativity and careers in the channel
Wavelink is a 100% channel business, with all sales flowing through its authorised reseller partners. It has been a B2B technology distributor for almost 24 years and offers a broad range of software across cybersecurity, mobility, networking, and healthcare.
Story image
Manufacturing
Sternum joins NXP, collaborates on IoT security and observability
Sternum has announced it has joined the software partner community of NXP Semiconductors, a manufacturer of and large marketplace for embedded controllers.
Story image
INTERPOL
Hundreds arrested, millions seized in global INTERPOL investigation
A two-month-long investigation by INTERPOL this year involved 76 countries and clamped down on organised crime groups behind telecommunications and social engineering scams.
Story image
Compliance
OCEG survey shows demand for connected GRC systems
The survey also revealed that many organisations lack visibility and connected processes to manage the increased velocity and volume of risks. 
Story image
Cybersecurity
Significant security concerns resulting from open source software ubiquity
"The risk is real, and the industry must work closely together in order to move away from poor open source or software supply chain security practices."
Story image
Cybersecurity
Greater API usage raises concerns for protection - report
Radware has released its 2022 State of API Security report, which shows a rise in APIs, with 92% of the organisations surveyed significantly or somewhat increasing their usage.
Story image
Cybersecurity
Malwarebytes expands Nebula platform with DNS module
Malwarebytes has expanded its Nebula platform with a new DNS Filtering module designed to provide a quick, flexible, and comprehensive Zero Trust offering for Nebula users.
Story image
Network Security
Netskope announces zero trust network access updates
Customers can now apply zero trust principles across a range of hybrid work security needs, including SaaS, IaaS, private applications, and endpoint devices.
Story image
SaaS
Commvault's SaaS division experiences notable growth
Commvault has revealed the global momentum that its SaaS division Metallic has experienced since its launch two years ago.
Story image
Tech job moves
Tech job moves - Boomi, Limepay, Thales, VMware & Zoom
We round up all job appointments from June 6-16, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Cybersecurity
ConnectWise reveals cybersecurity updates and partnerships
ConnectWise has unveiled new updates to its services and highlighted the importance of cyber insurance at its IT Nation Secure conference.
Story image
Cybersecurity
The link between cybersecurity, extremist threat and misinformation online in Aotearoa
Long story short, it's often the case that misinformation, threat and extremism link closely to cybersecurity issues and cyber harm.
Story image
Cybersecurity
Ingram Micro launches vendor-backed security program
Ingram Micro has unveiled a new program intended to give resellers the effective offerings their customers need to stay safe in the evolving threat landscape.
Story image
Cybersecurity
Schneider Electric and Claroty launch building security solution
Schneider Electric has announced the launch of Cybersecurity Solutions for Buildings, a solution designed to help buildings customers secure BMS.
Story image
10 Minute IT Jams
Video: 10 Minute IT Jams - An update from Rimini Street
Today we welcome back Daniel Benad, who is the GVP & regional GM for Oceania at Rimini Street.
Story image
Microsoft
SMX partnership with Microsoft leads to NTT recognition
SMX has captured the attention of NTT after receiving positive reviews from businesses across Australasia and beyond for its email security.
Story image
Ransomware
More than 90% of cyber attacks made possible by human error
The data are clear, with cyberattacks on the rise in recent years and the cybersecurity situation increasingly complex. 
Story image
DDoS
Q1 DDoS and application attack activity reveals surprise result
The cybersecurity threat landscape in the first quarter of 2022 represented a mixed bag of old enemies and new foes. New actors dominated the DDoS threat landscape while application security faced tried-and-true attack vectors.
Story image
Cloud
QuSecure partners with DataBridge Sites to showcase platform
QuSecure has partnered with DataBridge Sites to showcase its Quantum-as-a-Service (QaaS) orchestration platform, QuProtect.
Story image
Collaboration
IT and security team collaboration crucial to data security
Many IT and security decision makers are not collaborating as effectively as possible to address growing cyber threats.
Story image
DDoS
Flashpoint unveils security offering for school boards
Flashpoint has released its K-12 risk management and security offering to provide school boards and education security practitioners with tools to recognise, prevent and manage cyber and physical threats.
Story image
Amazon Web Services / AWS
Zscaler, AWS accelerate onramp to the cloud with zero trust
Zscaler has announced an extension to its relationship with Amazon Web Services, as well as innovations built on Zscaler's Zero Trust architecture.
Story image
Cybersecurity
Threat actors ramp up their social engineering attacks
As people get better at identifying potential threats in their inbox, threat actors must evolve their methods. Their new M.O? Social engineering.
Story image
API
Industry-first comprehensive risk-based API security enhances protection
Application Programming Interfaces (APIs) have become a crucial part of operating web and mobile application businesses and are causing significant economic growth in the digital sector.
Story image
Digital Transformation
Cybersecurity priorities for digital leaders navigating digital transformation
In recent years, Asia-Pacific has especially been a hotspot for cyberattacks, and as we continue into 2022, it’s evident that the problem is becoming more significant.