26 Feb 2016

More than half NZ firms hit by cyber crime

10:33 am on 26 February 2016

A new report shows 40 percent of New Zealand businesses have been hit by economic crime in the past two years.

The global economic crime survey by consultancy PwC says the top five types of fraud committed are asset misappropriation, cybercrime, procurement fraud, human resources fraud and accounting fraud.

It also says 55 percent of New Zealand firms have no incident response plan for cybercrime, or have one that is not yet operational.

The number of companies in this country affected by economic crime is higher than the global average of 36 percent, but below the Australian figure of 52 percent.