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Cyber security – challenges and opportunities for business Business New Zealand AIG - 11 September 2014.

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Presentation on theme: "Cyber security – challenges and opportunities for business Business New Zealand AIG - 11 September 2014."— Presentation transcript:

1 Cyber security – challenges and opportunities for business Business New Zealand AIG - 11 September 2014

2 Cyber risks are increasing Source: NCSC 2013 Incident Summary

3 Targets

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6 © Colmar Brunton | SLIDE 6 The main barrier to improving cyber security behaviour is confusion Q Why don’t you take more steps to manage your cyber security?

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8 SMEs Critical to NZ’s economy – account for 97% of all enterprises in NZ – employ around 30% of the working population – generate more than a quarter (27.8%) of our GDP More SMEs taking advantage of the Internet Usually don’t have a dedicated IT person or department May rely on the internet to do business but may not have the time nor expertise to understand security Higher risk tolerance

9 Technology is no longer simply a budget line or operational issue—it is an enabler of virtually every strategy. ……….. Technological opportunities abound, but so do threats, including cybersecurity risks, which will become the concern of a broader group of executives as digitization touches every aspect of corporate life. McKinsey Quarterly – Sept The use of technology in business changes our risk landscape…

10 The problem we’re all facing… 2010 Apple iPad 2008 Apple iPhone 2014 Apple iWatch 2004 Facebook Dot.com boom 1998 The Rise of Technology = a change in where data is processed The effectiveness of traditional security controls – i.e. trust H L Time

11 Where should you focus? PeopleProcessTechnology Our staff handle our data; Our customers receive our data; Our partners process our data Have we told them what’s acceptable / what’s not? “Top Down” security helps build a strong security posture A positive “Security Culture” works better than a “policing” approach Implementing the basics covers off 80% of your risks. Don’t let complexity trip you up. Don’t rely on big brands – always check they are securing your data

12 So what can you do….SME TOOLKIT

13 Connectsmart.govt.nz Paul Ash Director, National Cyber Policy Office, Department of Prime Minister & Cabinet Thank You Matthew Lord Head of Technology Governance and Risk, Kiwi Bank


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