The looming cyber threat – it makes you WannaCry

By James Penn

In tumultuous international times, New Zealand’s executives are more concerned about the impact of cyber crime than high-profile issues such as nuclear instability and “the Trump factor”.

The threat is so significant some companies are even “attacking” themselves to identify weaknesses before hackers are able to do so.

Asked to rate 14 international issues on a scale of 1-10 in terms of impact on business confidence in New Zealand, respondents reflected mixed views: 10 of the 14 issues rate somewhere between 5 and 6.5 on average.

However, cyber crime sat head and shoulders above the rest with an average impact rating of 7.64; over a point above the next most impactful issue (“Trump factor”, 6.47).

A managing director in the logistics sector argued cyber crime is “the biggest threat to business continuity that exists

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