Scammers make $5.8m in first quarter

Scammers make $5.8m in first quarter
Credential harvesting – username and password theft – was the most reported issue. (Image: Depositphotos)
Ella Somers
New Zealanders lost almost $6 million from financial fraud in the first quarter of 2023 due to username and password theft.The Computer Emergency Response Team (Cert NZ) tallied up 1,968 cybercrime incidents in the three months ended March 31, up 12% from the December quarter.A total of 30% of incidents reported financial loss – 264 people lost between $100 and $1,000, while 16 people lost over $100,000.The losses bring the total reported to Cert NZ to $39.6m since the second quarter of 2021.Cert NZ's director, Rob Pope, said while th...

More Technology

Govt awards $71m for new advanced technology platform
Policy

Govt awards $71m for new advanced technology platform

Victoria University's Robinson Research will manage the platform.

Smartpay buyout offer price 20% higher, shares follow
Retail

Smartpay buyout offer price 20% higher, shares follow

A third player entered the race to buy Smartpay.