Kordia, a state-owned communications company in New Zealand, has conducted a survey revealing that only 10% of leaders of large businesses in the country have admitted to paying a ransom to cybercriminals. Despite this low percentage, cybersecurity experts at Kordia believe that the actual number of ransom payments may be higher than reported.
The survey conducted by Kordia sheds light on the prevalence of cybercrime in the business sector and the challenges faced by organizations in dealing with such security threats. With the rise of cyber attacks targeting businesses of all sizes, cybersecurity has become a top priority for companies looking to protect their data and operations.
Alastair Miller, an expert in cybersecurity and a subsidiary of Kordia, Aura Information Security, emphasized the importance of investing in robust cybersecurity measures to prevent cyber attacks and mitigate their impact. With cybercriminals becoming increasingly sophisticated in their tactics, businesses need to stay vigilant and proactive in safeguarding their digital assets.
Despite the risks posed by cyber threats, many businesses may be hesitant to report ransom payments due to concerns about reputation damage and regulatory implications. This reluctance to disclose ransom payments could result in underreporting of cyber attacks and hinder efforts to combat cybercrime effectively.
In response to the growing cybersecurity challenges faced by businesses, Kordia is ramping up its investments in cybersecurity solutions and services. By enhancing its cybersecurity capabilities, Kordia aims to offer comprehensive protection to its clients and help them navigate the complex landscape of cyber threats.
The survey results underscore the need for organizations to prioritize cybersecurity and develop proactive strategies to defend against cyber attacks. As the digital landscape evolves and cyber threats continue to evolve, businesses must adapt their security practices to stay ahead of cybercriminals and protect their valuable assets.
In conclusion, cybersecurity remains a critical issue for businesses in New Zealand, and the findings of the survey conducted by Kordia highlight the ongoing challenges posed by cyber threats. By investing in robust cybersecurity measures and staying informed about the latest security trends, businesses can bolster their defenses and reduce the risks associated with cyber attacks. With the support of cybersecurity experts like Kordia, organizations can navigate the complex cybersecurity landscape with confidence and resilience.