Archive for the ‘computer’ Category

New Zealand businesses warned after major chain hit by phishing scam

Wednesday, October 9th, 2013
Photo credit; elhombredenegro on Flickr

Photo credit; elhombredenegro on Flickr

NetSafe is warning businesses to be alert after a major retail chain was targeted by overseas cyber criminals in a well-planned phishing attack that attempted to convince store staff to install rogue software on their computers.

IT staff at the chain, which NetSafe would not name, said employees at one branch had downloaded malicious software into computers in the branch after being called by an individual claiming to work for the chain.

The caller identified himself as a senior member of the company and directed employees to a fake website that was designed to look like the chain’s official tech support site.

Staff at the store then downloaded a malicious program that tried to take over computers.

The company’s IT staff noticed what was happening and blocked further access to the fake website on all their systems before cleaning up and alerting all stores to the bogus caller, NetSafe’s cyber security programme manager Chris Hails said.

“The effort that has gone into creating a convincing fake website and the use of a real executive’s name is what concerns us,” Hails said.

“The website which delivered the malicious software was designed using the company’s branding, logo and corporate style and the criminals had gone to some effort to register a .co.nz URL which contained the chain’s name.”

Hails said the retail chain had asked Netsafe to keep its identity confidential but wanted others to be aware of the scam.

“Although there were no losses, the company felt there was the potential for people to feel they couldn’t trust them anymore,” he said.

To read more on this story, click here.

New Zealand tech company makes jump to USA, ready to crack American market

Monday, September 30th, 2013
Photo credit; Jeff Gunn on Flickr

Photo credit; Jeff Gunn on Flickr

New Zealand company Mako Networks, which helps businesses protect themselves from cybercrime, has opened an office in San Francisco and is ready to take a run at the American market.

The international expansion for the Auckland-headquartered company is largely due to research and development grants from the government, as well as the government-sponsored Kiwi Landing Pad in San Francisco, which helps Kiwi tech companies get a foothold in the USA.

“The Kiwi Landing Pad has served as a great base to help us get established here in North America,” said Simon Gamble, Mako’s co-founder and president for North America, adding that in its 18 months at the site, the firm had managed to secure US clients during that time and was now ‘graduating’ into its own office.

“We have significant plans for the US market and this new office is a pleasing milestone for us.”

Mako, which was started out in 2000 as YellowTuna Networks, offers cloud-based network management and security systems for companies that process credit cards.

To read more on this story, click here.

Serial spammer gets hit with huge fine

Wednesday, September 25th, 2013

In a bit of news that will make anyone with an email inbox smile just a little, an Australian man who spammed New Zealand businesses has been fined $95,000 for doing so.

Photo credit; epSos .de on Flickr

Photo credit; epSos .de on Flickr

Wayne Robert Mansfield of Perth, Western Australia, sent hundreds of thousands of unsolicited emails to individuals ans organisations in New Zealand in 2010. The emails were promoting his company, Business Seminars NZ.

After more than 50 complaints from recipients who said they had no business contact with Mansfield’s company and had continued receiving messages even after unsubscribing from them, the Department of Internal Affairs decided to take legal action against Mansfield under the Unsolicited Electronic Messages Act.

High Court Justice Edwin Wylie imposed a fine of $95,000 and awarded costs of more than $8000 against Mansfield in August 2013.

This wasn’t the first time Mansfield has been fined for spamming.

In 2006, Mansfield and his Perth-based company Clarity1 Pty Ltd were fined a total of A$5.5 million in the Australian Federal Court for sending 70 million spam emails to about 5 million recipients between 2004 and 2006.

To read more about this story, click here.

New computer system costly for Tower

Friday, February 4th, 2011

Stuff reports that Tower‘s new computer system has resulted in a costs blowout of around $1 million NZD for every month of delay.

The $30 million project (or so it was initially priced) faces software development issues and also a delay in commissioning of around five months, meaning the final project price will probably run to millions more.

Tower investors were told that the total project cost will probably run to the $36 million mark.

Brian Gaynor of Milford Asset Management, owner of about 4.5 per cent of Tower, hit back at claims that the group is ‘over-capitalised’, saying, “Yes, I agree we’ve got a lot of money, a lot of cash, and that’s not all a bad thing.”But having said that, the board is addressing our whole capital structure in the next two months and we’ll be looking at what and where we need it and what we’re planning on doing with it and, if appropriate, there might be a return of capital to shareholders but I’m not promising that here and now.”

Perhaps the funds need to go towards the computer system…..