The Age of Cyber Risk

Globally, lockdowns have accelerated the transformation of the way people communicate and many businesses operate permanently. Digital platforms have come into their own supporting greater connectivity and more efficient and flexible working arrangements.

Any change brings its own risks and cyber risk looms larger than ever, with incidents rising sharply. For the first half of 2020 CERT NZ reported a 73% increase in incident reports, with 3,100 incidents equating to $7.8 million in financial losses. Undetected and unreported attacks make the numbers much bigger.

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