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flag New Zealand businesses overestimate AI cyber-threats, yet many lack basic cybersecurity measures.

flag New research from Kordia shows that 28% of large New Zealand businesses view AI-generated cyber-attacks as a major threat, despite only 6% of breaches being AI-related. flag The survey of 295 businesses found that 59% experienced cyber incidents in 2021, with 43% leading to financial loss. flag The report highlights poor cybersecurity practices, with 33% not reporting risks to their boards and 50% not practicing response plans. flag It also warns of rising AI sophistication in phishing attacks, emphasizing the need for improved cybersecurity measures.

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