27 May

Cyber Security

cyber security nzBinary Limited is pleased to see that cyber crime is being taken seriously and that awareness of the importance of cyber security is being raised to help protect New Zealanders from cyber criminals.  This week is Cyber Security Awareness Week (27-31 May 2013) courtesy of NetSafe.  It always helps when there is more than one voice in the cyber wilderness trying to convince people that cyber threats are very real and have a real cost associated with them.  Binary Limited supports Cyber Awareness Week and encourages all our clients and potential clients to educate themselves on appropriate steps to take to protect themselves and their priceless data.

Binary Limited has often been asked to quantify what the costs of cyber crime are versus the benefits of investing in enhanced cyber security.  Most of the time the numbers are fairly straightforward to work out (e.g. bank balances are obviously taken into account, customer databases and current project can be easily monetised) but the more difficult factor to quantity is the “nuisance/hassle factor” – how do you put a dollar value on the stress you will suffer in the event of a cyber attack?  We have quoted some statistics and tips below to help people understand the importance of cyber security and how they can help thwart cyber crime.

The following statistics are from NetSafe:

  • It’s estimated that more than 2000 adult New Zealanders are affected by cyber crime every day in the form of computer viruses and malware, credit card fraud, online scams, phishing and identity theft.
  • The average loss reported to NetSafe’s Orb website (www.theorb.org.nz) in 2012 was almost $4000.
  • The average security incident reported by businesses to the 2010 NZ Computer Crime and Security Survey was $15,000.
  • Figures released by the Ministry of Business, Innovation and Employment in February this year show that Kiwis lost close to four million dollars to scams in 2012 with much of that taking place online.

NetSafe is recommending the following 5 precautions to help protect your data and increase your cyber security:

  1. Think before you click
    Think twice before clicking on links in suspicious phishing emails, don’t give out personal information and avoid rogue online shopping sites
  2. Update everything
    Make sure your operating system and all software is up to date including common helper programs such as Java, Adobe Reader and Flash
  3. Back up your files
    Make several copies of important data and store it in several locations – including online ‘in the cloud’ – so you’re prepared should the worst to happen to your computer
  4. Use a secure wireless network
    Choose a strong encryption setting and long passphrase for your router to avoid eavesdropping, hacking and freeloaders using your bandwidth.
  5. Use strong passwords
    Aim for 15 characters and a mix of lower and upper case letters and symbols. Don’t share them and change them regularly.

Binary Limited is pleased to see that cyber crime is being taken seriously and that awareness of the importance of cyber security is being raised to help protect New Zealanders from cyber criminals.  Binary Limited also recommends

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