Tuesday, January 17, 2012

Cybercrime 'real' threat to NZ businesses

PricewaterhouseCooper's Global Economic Crime Survey 2011 has recently been released and is available for download

The bad news?

"...almost 50% of New Zealand respondents said they had suffered some form of economic crime in the previous 12 months"
This was up from 42% in the last survey in 2009. New Zealand also ranked 4th (out of 78 countries) for levels of reported fraud.

A recent opinion-piece in the Press from Colin Slater, Partner at PwC New Zealand, focusses on the growing threat from cybercriminals.

"...of the one in two New Zealanders who say they were a victim of fraud in the past year, a quarter were subjected to one or more cybercrime-related issues."
Slater points out that close to 40% of business people have had no cyber security training in the last year and that 34% stated that their businesses had no in-house capability to detect or prevent such incidents.

While the threat from cybercrime is very real, it is important to remember that the real vulnerabilities lie not with a company's firewalls or anti-virus protection, but the individual employees themselves.

We at Cabal Investigations can assist your business counter the growing threat of economic crime. Please contact us, in confidence, for further details.