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Tuesday, 29 June 2021, 11:11 am More New Zealand businesses need to wake up to ensure they don’t suffer cyber-attacks, FintechNZ general manager James Brown says. Kiwi cyber security incidents jumped 65 percent last year, with an associated $16.9 million in direct financial losses, which are just the tip of the iceberg, Brown says. “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. “New Zealand has a high concentration of smart phone adoption which could make businesses and organisations more vulnerable.” While businesses’ attitudes to cyber security are shifting,

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