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Half of small and medium sized businesses (SMEs) have been targeted by scams over the past year, costing victims an average of $5000 each time.
BNZ said its latest survey indicates a concerning gap in scam defences deployed in SMEs, as nearly half struggled to prioritise scam education and cyber training for staff.
Nearly two-thirds (64 percent) of SMEs said scam activity had increased in the last 12 months, though 45 percent did not consider cyber education a key priority.
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