Quarter Four Cyber Security Insights 2024

The Cyber Security Insights report for quarter four (Q4) provides an overview of cyber security incidents impacting New Zealanders from 1 October – 31 December 2024.

CERTNZ Q4 bugs (1)

Summary

This quarter, the National Cyber Security Centre handled 1,358 incident reports through its two distinct triage processes. Of these, 100 incidents were triaged for specialist support because of their potential national significance. This is a slight increase from 98 incidents of potential national significance in Q3. 

1,258 reports were received through the CERT NZ online reporting tool and handled through the NCSC's general triage process. This is a 34% decrease in the number of incidents from 1,905 in Q3.  Financial loss in the same period went up by 24% from $5.5M to $6.6M.

We saw 17 incidents with losses over $100,000. This is the largest number of high-loss incidents we have seen in a quarter.

Data highlights

Number of incidents

A total of 1,358 incidents were recorded in Q4. Of these, 1,258 were handled through the NCSC's general triage process.

CERTNZ Q4 graphs incidents

Breakdown by incident category

The most commonly reported category in Q4 was Scams and Fraud.

Phishing and Credential Harvesting, which is usually the most commonly reported category, saw a 54% decrease from 823 in Q3 to 382 in Q4, and was the second most commonly reported type of incident. 

Financial loss

32% of incidents handled through the NCSC's general triage process reported an accompanying financial loss in Q4. The total reported financial loss was $6.8M, up 24% from $5.5M in Q3. 

The total financial loss in the last eight quarters is $44M and the average loss per quarter $5.5M. 

CERTNZ Q4 graphs financialLoss

Incidents with potential national significance

The NCSC responds to incidents affecting nationally significant organisations or with potential to cause national harm. We triage these into a scale that considers the organisational impact and the severity of the incident.

In the fourth quarter of 2024, the NCSC recorded 100 incidents with potential national significance.
Of these:
•    20 were triaged as C6 – minor incidents,
•    59 as C5 – routine incidents, 
•    17 as C4 – moderate incidents, and 
•    4 as C3 – significant incidents.

There were no reports of C2 - highly significant incidents, or C1 - national cyber emergency.

Phishing Disruption Service

NCSC’s Phishing Disruption Service (PDS) is a free service that provides a verified list of New Zealand specific phishing indicators that organisations can act on and block from their network. 

When you get a phishing link via text or email, you can forward it to phishpond@ops.cert.govt.nz. The incident response team then analyses the links it receives, also called phishing indicators, and publishes verified ones to the PDS. NCSC’s response team also proactively identifies phishing sites and blocks them before they can be used to target New Zealanders. 

In Q4, NCSC processed 11,252 phishing indicators of which 995 were published to the PDS. The industry that was most impersonated by phishing scammers this quarter was financial services. 

Malware Free Networks® (MFN®)

MFN is a threat detection and disruption service that provides near real-time threat intelligence reflecting current malicious activity targeting New Zealand organisations.

In Q4 2024, 162,018,985 malicious threats were disrupted and 5,071 unique indicators were tasked by MFN. 

You can read more about Malware Free Networks in the Q4 Cyber Security Insights report.

Keeping the malware away

The NCSC's Phishing Disruption Service (PDS) and Malware Free Networks (MFN) are complementary capabilities that enable the NCSC's strategy to protect New Zealand from cyber threats. Work is currently underway to simplify, streamline and rationalise the NCSC's disruption capabilities to make it easier for organisations of all sizes to access our services.

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