Grant Thornton New Zealand’s latest Not for Profit
report reveals some alarming statistics about cybersecurity
practices in the sector.
As phishing attempts and
ransomware attacks show no signs of abating in all sectors
of the economy, Grant Thornton’s research into the Not for
Profit sector has revealed charities are particularly
vulnerable:
- Only 43% of NFPs invested in cyber
security in the last two years to 2022 - Just 27% plan
to invest in cyber security over the next two to three
years - 37% of NFPs do not have effective procedures
to detect and report data breaches
Barry Baker,
Partner and Co-Lead of Not for Profit services at Grant
Thornton New Zealand says, “NFPs face unique challenges
that make it harder for them to invest in cyber security.
Naturally, they are always trying to minimise spending, as
there’s a lot of pressure to spend as much as possible on
frontline assistance to those in need, and as little as
possible on the behind-the-scenes processes that deliver
that assistance.
“This often means eking an extra
year or so out of technology. NFPs are…
