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“But my IT provider says I don't need Cyber Insurance”

Frankie says that's rubbish. That's like saying that because you install fire alarms and extinguishers you can cancel your building insurance.

Can your IT provider answer this?

Global cybercrime is estimated to cost the world US$10.5 trillion a year

Cybercrime costs are projected to reach US$10.5 trillion annually in 2025, reflecting the growing financial impact of fraud, ransomware, data breaches and other cyber threats.

Source: Cybersecurity Ventures, 2025 Cybersecurity Almanac

Cyber Risk Toolkit

Do not assume that the small stature of your company prevents you from threats. A local realtor's website recorded 1,000 intrusion attempts in a single week

Not all cyber attacks are elite hacker operations. One particular cybercrime case in New Zealand involved a florist tampering with her rival's online details to reduce competition. Sometimes cybercrime is not as sophisticated, but can still have detrimental effects on a company

Who needs Cyber Insurance?

Your New Zealand business may be exposed to cyber risk

53% of New Zealand SMEs experienced a cyber threat in the first half of 2025

That’s up 36% from the year before. Cyber threats aren't limited to large organisations.

Source: National Cyber Security Centre, Cyber Threat Report 2025

More than half of SMEs hit by a cyber attack said it had an impact on their business

Impacts included financial loss, lost time, operational disruption, reduced productivity and reputational damage.

Source: National Cyber Security Centre, September 2025

Healthcare recorded 1,542 confirmed data breaches in Verizon’s 2025 global study

Source: Verizon Business, Data Breach Investigations Report, 2025

Around 60% of breaches still involve a human element

That includes things such as phishing, credential misuse and human error – especially relevant for busy medical practices with multiple staff accessing systems and patient information.

Source: Verizon Business, Data Breach Investigations Report, 2025

1,164 cyber security incidents were reported in New Zealand in the first three months of 2026

Phishing and credential theft were the most commonly reported cyber incidents.

Source: National Cyber Security Centre, Cyber Security Insights Q1 2026

$5.6 million in direct financial losses were reported in just three months

Reported cyber-related losses increased 76% from the previous quarter.

Source: National Cyber Security Centre, Cyber Security Insights Q1 2026

Privacy breaches can affect customer trust as well as your bottom line

67% of New Zealanders surveyed said they would be likely to change providers if they learned their provider had poor privacy and security practices.

Source: Office of the Privacy Commissioner, 2025

Healthcare providers are being specifically targeted by ransomware groups

In a 2026 joint advisory, NZ's NCSC said INC Ransom activity showed a trend toward disproportionately targeting healthcare providers worldwide, including activity in New Zealand and the Pacific.

Source: National Cyber Security Centre et al, 2026

Nearly 100,000 New Zealanders had sensitive health information exposed in the Manage My Health cyber breach

The Ministry of Health described it as one of the most serious cyber incidents experienced in New Zealand.

Source: Ministry of Health, May 2026

US$7.42 million – the average cost of a healthcare data breach globally in 2025

Healthcare remains one of the most costly sectors for data breaches.

Source: TMC Insight – February 2026