Close this search box.

We are creating some awesome events for you. Kindly bear with us.

New Zealand: Navigating the Rise of Cyber Scams

Getting your Trinity Audio player ready...

The rise of cyber scams in the digital era, including a reemerging term deposit scam in Auckland targeting online investors, underscores the importance of vigilance against fraudulent tactics. In today’s digital landscape, where financial transactions and investments are increasingly conducted online, the threat of cyber scams has surged, with cybercriminals employing various tactics such as phishing attacks, malware, social engineering, and data breaches.

These scams pose significant risks, including financial losses, legal consequences, and damage to one’s reputation. To mitigate these threats, individuals must remain vigilant and educate themselves on identifying fraudulent schemes.

Detective Senior Sergeant Craig Bolton of the Auckland City CIB has emphasised the return of the deceptive scheme, which impersonates reputable banks to lure victims into providing their personal details on fraudulent websites. Subsequently, victims are contacted by purported “investment advisors” who exploit trust and coax them into transferring money into New Zealand bank accounts, only to move the funds offshore, rendering recovery nearly impossible swiftly.

The complexity of these scams underscores the duality of digital technology, serving both as a facilitator of innovation and efficiency and a conduit for deception. Fraudulent websites are meticulously crafted to mimic legitimate banking platforms, employing digital tools to create an illusion of authenticity with secure URLs, official logos, and professional layouts, making it challenging for individuals to discern their true nature.

Despite the absence of immediate reports, authorities stress the importance of community vigilance and proactive measures to prevent such scams from materialising. To safeguard against these scams, the police recommend several proactive measures:

Police recommend several proactive measures to safeguard against these scams: being cautious about entering personal information on websites offering term deposit rates, avoiding engaging in phone conversations with anyone claiming to be from a bank if suspicion arises about a site, seeking reassurance by directly contacting one’s bank to confirm the legitimacy of any communication, discussing potential investments with trusted individuals before transferring money, verifying the URL of any banking website to ensure its legitimacy, and referring to the Financial Markets Authority’s website for a list of suspicious companies to verify the legitimacy of financial entities.

Cyber skills are increasingly vital in today’s digital era, where the internet plays a central role in daily life. Recognising this importance, Tātai Aho Rau Core Education was honoured at the Ngā Tohu Reo Māori for its innovative Pūkenga ā-Ipurangi Aotearoa cyber skills programme, which equips people, especially tamariki, with the skills to navigate the digital world safely. Anahera McGregor, the content specialist, emphasised the initiative’s alignment with te ao Māori and te reo Māori to ensure accessibility and relevance to Māori-speaking audiences.

In addition to the cyber skills programme, New Zealand is taking measures to bolster its cybersecurity, especially within its military. The New Zealand Defence Force personnel participated in a multinational exercise led by the United States to fortify the military’s cyber capabilities, reflecting the nation’s commitment to staying at the forefront of cybersecurity. This exercise facilitated knowledge exchange and collaboration with international counterparts, enhancing cyber readiness and fostering solidarity in confronting shared challenges.

Furthermore, New Zealand’s response to cyber threats has been resilient, as evidenced by its efforts to detect and mitigate malicious activities targeting government institutions. The collaboration between the Government Communications Security Bureau’s National Cyber Security Centre and affected organisations highlights the importance of preparedness and collaboration in defending against cyber threats, serving as a model for other countries facing similar challenges.

As digital technology evolves, so do scammers’ methods. Individuals must stay informed and vigilant, using available resources to protect themselves from financial fraud. The re-emergence of this term deposit scam serves as a reminder of the need for continued public awareness and proactive measures to combat cybercrime.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit