2018 Budget: Boost for cyber threat response

New Zealand’s ability to respond to major cyber events and provide cyber threat intelligence is boosted in Budget 2018.

Broadcasting, Communications and Digital Media Minister Clare Curran says the government is committing $3.9 million of new operating funding over the next four years to the Computer Emergency Response Team (CERT).

“CERT was established just over a year ago,” says Curran, in a statement. “The new funding means it can continue to respond to major cyber events and provide advice to businesses, organisations and individuals who may be affected by cybersecurity incidents.”

“We’re dealing with threats such as disruptive malware, denial-of-service attacks and theft of data perpetrated by a range of actors, including organised criminal groups and vigilante hackers.”

She points out reported financial losses in the year to the end of April show that Kiwis lost more than $5.3 million from known cyber incursions. The victims come from  the

... read more at: https://www.cio.co.nz/article/641276/2018-budget-boost-for-cyber-threat-response/