IT businesses are busy seeking funding to fuel their expansion; they are seeking investors directly, or going to the stock markets.
Among the most successful to date is Xero, an accountancy software company headed by Rod Drury. In just a few years since its first initial public offering (IPO), it has grown into a business that generates revenues of NZ$1 billion-plus per year, something seen as a fine example for others to follow.
A Kiwi court has ruled that Megaupload founder Kim Dotcom can sue New Zealand's spy agency for illegal surveillance, opening the government up to more scrutiny over its role in an unlawful 2011 police raid on the internet entrepreneur's home.
The New Zealand Appeals Court rejected an application from the attorney general, acting on behalf of the Government Communications Security Bureau (GCSB), to exclude the agency from the lawsuit. New Zealand's High court ruled last year the agency could be held liable for illegally spying on Dotcom.
About 1500 Yahoo!Xtra accounts have been caught up in a fresh cyber attack in the last two days and their email accounts have been frozen until they change their passwords.
Earlier there were concerns hackers may have gleaned passwords and log-ons from customers emails but Telecom spokesperson Jo Jalfon said an old warning had gone up on Telecom's website by mistake.
Telecom has admitted its outsourced YahooXtra email service has been compromised by hackers resulting in some YahooXtra customer accounts being hijacked to send out malicious email. It is advising all YahooXtra customers to change their passwords.
The company initially blamed a deluge of compromised accounts on a successful phishing attack, saying customers were tricked into clicking on scam emails, but has now acknowledged a "second attack" that was outside customers' control.
Thousands of taxpayers have been targeted by international scammers as criminal syndicates take advantage of ever-advancing computer technology.
Cyber attacks have been identified as one of the key threats from organised crime in New Zealand and around the globe.
A row has broken out in New Zealand after a blogger exposed serious security flaws in that country’s job-seeker network.
The blogger, Keith Ng, demonstrated that public job-seeker kiosks had unauthenticated access to the corporate network of the Ministry of Social Development (MND).
New Zealand Prime Minister John Key has ordered an inquiry into the Government Communications Security Bureau (the country’s equivalent of the FBI) concerning the wiretapping of individuals in the Megaupload case. It is believed that the GCSB acted unlawfully while helping police locate some targets leading up to the raid on Dotcom’s mansion earlier this year.
According to a report from the Prime Minister’s office, the GCSB allegedly acquired communications without prior approval from necessary authorities in some instances.
New Zealand's Prime Minister John Key announced on September 24 that he has requested an inquiry into illegal spying on Kim Dotcom and other employees of Megaupload by New Zealand's Government Communications Security Bureau, the country's counterpart to the US National Security Agency.
A hacker who disabled the website of a New Zealand company dedicated to helping feed poor children could face legal consequences in his home country of Spain after his attack spurred a Facebook/Twitter posse and incurred the wrath of members of Anonymous, who he may have been trying to impress.
Even though he has been busy accusing Vice President Joe Biden of orchestrating the raid on his home (a charge since denied), having pool parties, and producing ridiculous rap videos, Kim Dotcom now says he’s ready to come to the United States, rather than be extradited, as a way of speeding up the entire judicial process in his international copyright case.
