New Zealand Loses Confidence In Cyber Security

[Audrey McNeil <audrey () riskbasedsecurity com>]

http://www.itechpost.com/articles/16273/20151011/new-zealand-businesses-lose-confidence-in-cyber-security.htm

Cyber security is currently a big issue, as many countries over the world
have reported cases of the data breach. Even the most well-protected
systems in the U.S., Japan and Australia have been infiltrated. Recent
studies have shown that costs to resolve cybersecurity issues have also
increased by large  amounts in several countries. Now, in New Zealand, Kiwi
businesses have expressed that their confidence in cyber security has
slipped.

Radio New Zealand News reported that business advisory firm PwC has
conducted a survey among businesses in the country. The survey revealed
that the confidence businesses have on cyber security have dropped. The
firm's Cyber Practice Leader, Adrian Van Hest, says that while the
confidence of enterprises has dropped, it probably shows a picture of real
versus perceived risk.

Scoop has reported that as opposed to 83 percent of Kiwis who are assured
with their cyber security activities last year, currently the figure has
fallen to  65 percent. Regarding their organizations 'partners' and
suppliers' security activities, 57 percent has expressed confidence. This
is a significant drop from last year's 82 percent. But data over the recent
years have indicated that high confidence does not necessarily reflect the
measures taken by the businesses to secure information.

"The reason for this, at least anecdotally, is that some organisations say
that no one has told them something is wrong so they choose to believe
there is no issue," van Hest said. He further added that some businesses
simply trust that their suppliers and partners will be taking the necessary
measures once faced with the problems.

"There is no magic bullet for effective cyber security. It's a journey
towards a culture of security, not a solution in and of itself. It is a
path that starts with the right mix of technologies, processes and people
skills." Van Hest concludes by saying that businesses which recognize "good
cyber security" are "good businesses" and are able to manage issues and
subsequently use their information and provide opportunities with
confidence.

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