New Zealand businesses overestimate cyber security readiness

A new report reveals that many New Zealand businesses are not taking cyber security threats seriously enough. The survey, conducted by Datacom, shows that companies are overestimating their ability to deal with cyber attacks. Collin Penman, chief information security officer at Datacom, warns that this complacency puts firms at risk. While some businesses have strong plans for continuity and resilience, they are not the majority. Many leaders believe their employees are well-prepared, but only half of the staff agree with this assessment. The report highlights that cyber threats are becoming more sophisticated, particularly with advances in artificial intelligence. This is a major concern for security experts. Penman notes that New Zealand is lagging behind Australia in strengthening its cyber defences. He emphasizes the need for businesses to take cyber security seriously. Protecting against cyber attacks is crucial for business growth and maintaining trust. Investing in cyber security is better than having to deal with the aftermath of a breach.