Hackers steal business assets but Government cyber safety scheme offers little help

Hackers steal business assets but Government cyber safety scheme offers little help. A spate of ransom computer hacks has hit New Zealand businesses, but hackers could be doing worse damage behind the scenes. * Cyber-security agency CERT NZ promises it will make a 'big difference' * Emergency cyber security unit to handle all reports of cyber threats in New Zealand * New Zealand upping digital security after 'massive' worldwide cyberattack * New measures to combat cybercrime outlined by Government Communications Minister Simon Bridges, who led the Government's 2016 Cyber Security Strategy, said he recognised that most small businesses did not have the resources or skills to deal with cyber security. The Government's 2016 Cyber Security Strategy formed the Computer Emergency Response Team (Cert NZ) and planned to encourage businesses to take precautionary cyber safety measures. Some Port of Auckland operations were slowed down when global shipping company Maersk​ was hacked by the NotPetya​ virus this month. More business incubators for technology entrepreneurs creating cyber security products would reap economic benefits, he said. It had proved successful in Ireland, Israel and Singapore. Nayar said the Government's lack of support for cyber safety was not due to a lack of effort, it just needed to do more of what it had planned. Bridges said the Government's cyber safety action plan was constantly reviewed and he was open to new initiatives as the risk of cyber attacks intensifies. Visit Deloitte Fast 50 for more information.
The Government's 2016 Cyber Security Strategy has been tested by two global cyber attacks in the past month.
The Government’s 2016 Cyber Security Strategy has been tested by two global cyber attacks in the past month.

A spate of ransom computer hacks has hit New Zealand businesses, but hackers could be doing worse damage behind the scenes.

Deloitte partner Anu ​Nayar​ said hackers could secretly compromise a computer to steal confidential information and manipulate systems for as long as they liked without being noticed.

Ransomware was typically a hacker’s last move when it had made the most of a business’s assets, he said.

Nayar said such a hack could cause any company to go under by destroying its reputation, and the Government needed to make more small businesses aware of it.

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* Cyber-security agency CERT NZ promises it will make a ‘big difference’
* Emergency cyber security unit to handle all reports of cyber threats in New Zealand
* New Zealand upping digital security after ‘massive’ worldwide cyberattack
* New measures to combat cybercrime outlined by Government

Communications Minister Simon Bridges, who led the Government’s 2016 Cyber Security Strategy, said he recognised that most small businesses did not have the resources or skills to deal with cyber security.

Ports suffered slightly from a global cyber attack this month, but the cyber safety strategy that Communications ...
Ports suffered slightly from a global cyber attack this month, but…
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