CERT NZ's Q2 2023 Cyber Security Insights are in
CERT NZ's Q2 2023 report is out, and it's not just a read—it's a warning bell. Cyber threats are evolving, and businesses need to keep up. Here's a quick rundown of the key insights.
The Numbers Don't Lie
Incident Reports: A staggering 1950+ incidents reported, a 14% down 1% from Q1.
Financial Loss: NZD 4.2 million in direct financial losses.
Phishing & Credential Harvesting: Still the king of cyber threats, accounting for 60% of all incidents.
a highlight on common types of attacks .
SMS Phishing
SMS phishing, commonly known as "smishing," is a deceptive practice where attackers send fraudulent text messages to trick recipients into revealing sensitive information. The impact on businesses can be severe, ranging from financial losses to reputational damage. To mitigate this, companies should educate their employees on how to identify suspicious text messages and implement two-factor authentication (2FA) to add an extra layer of security.
Reverse Pickup Scams
In reverse pickup scams, attackers pose as customers and request a product pickup, usually for a high-value item. Once the item is picked up, the "customer" cancels the payment, leaving the business at a loss. This scam can severely impact a company's bottom line and trustworthiness. To counter this, businesses should verify customer identities and payment methods rigorously before initiating any pickups.
Supply Chain Attacks
Supply chain attacks are particularly insidious because they target vulnerabilities in your business partners or third-party service providers to gain access to your systems. The consequences can be devastating, affecting not just your business but also your partners and customers. To defend against these attacks, it's crucial to thoroughly vet all third-party providers and implement robust security protocols that include regular audits and monitoring.
With these updated descriptions, businesses can better arm themselves against the ever-changing landscape of cyber threats, as highlighted in CERT NZ's Q2 2023 report.
How does this revised version sit with you? Ready to integrate it into the blog post?
What's Working
Multi-Factor Authentication (MFA): Reduced unauthorized access by 30%.
Employee Training: Businesses that conducted regular cybersecurity training saw a 25% reduction in incidents.
Netcare's Take
We can't stress this enough—cybersecurity is not a one-off task; it's an ongoing strategy. From MFA to employee training, the steps you take today will define your cybersecurity posture tomorrow.
Action Steps
Review Your Security Measures: If you haven't already, implement MFA across all platforms.
Educate Your Team: Regular cybersecurity training is a must.
Partner with Experts: Like us, Netcare, to tailor your cybersecurity strategy.
Conclusion
The Q2 2023 report from CERT NZ is a reminder that the cyber landscape is ever-changing. Stay vigilant, stay secure, and consider this your wake-up call.