Bay News: Duke of Marlborough wins top boutique hotel award at Wedding Industry Awards
The eighth annual awards evening was held in Wellington on June 7. Wedding Industry Awards NZ is the brainchild of
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RNZ News
16-07-2025
- RNZ News
Banking Association on consumer credit changes
money economy about 1 hour ago Earlier this week Nine to Noon touched on changes to legislation governing consumer credit. Kathryn spoke to Scott Russell, who's the lawyer leading a class action against two of New Zealand's biggest banks - ASB and ANZ - over disclosure breaches made between 2015 and 2019. He has concerns that a bill to amend the Credit Contracts and Consumer Finance Act would apply retrospectively, and has the potential to impact the legal action that's been underway since 2021. Currently lenders have to refund all fees and interest charged if they were in breach of disclosure laws; what's proposed would see the courts decide what is 'just' and 'equitable' in any breach. The New Zealand Bankers' Association has welcomed the amendment Bill, saying it tidies up the existing legislation to ensure that all breaches are treated the same as those currently. The Association's Roger Beaumont made a submission on the Bill yesterday to the Finance and Expenditure Select Committee and joins Kathryn.
Scoop
08-07-2025
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Hidden Costs Of Ransomware: ANZ Businesses Admit To Paying Despite ‘No Payment' Policies
Ransomware is revealing the fragility of policy over panic. New research released today by Commvault has exposed how many Australian and New Zealand organisations are abandoning their official stances when confronted with real-world ransomware attacks. The report—based on responses from over 400 business and IT leaders across the region—found that while 54% of organisations had formal 'no payment' policies in place, 15% of them still chose to pay the ransom when hit. That contradiction highlights how operational pressure and reputational fears often override cyber response plans in the heat of the moment. In total, 70% of organisations reported experiencing a cyberattack in the past 12 months, with the overwhelming majority involving ransomware demands. Alarmingly, one in three companies lost access to all their data during the attack. Only 32% were able to recover 100% of their data. 'The fact that some companies are willing to pay, despite the risks and the policy, is a sign that they feel they don't have a viable alternative,' said Gareth Russell, Field CTO for Asia Pacific at Commvault. 'That's not resilience—that's desperation.' The report highlights the role of inadequate preparation and testing. Although 70% of respondents said they had an incident response plan, only 30% test it thoroughly across all mission-critical workloads. The result? Severe blind spots that only become obvious after it's too late. Ransomware payment is not just a moral and legal concern—it has long-term operational and compliance implications. Cybercriminals who receive payment are more likely to target the same organisation again, and paying may not guarantee full data restoration. The Commvault report urges organisations to shift from reactive playbooks to proactive investment in backup, testing, and cyber resilience planning. 'True resilience doesn't begin at the point of attack—it's built long before,' Russell added.
NZ Herald
18-06-2025
- NZ Herald
Bay News: Historian Greg Philpott releases book on Bay of Islands boats
The Whakatane Juniors team competing in the Yellowtail Fishing Tournament, Russell, aboard Opportunity II. Greg Philpott is a local marine historian. He and his wife used to own the general store in Opua where a fish and chip shop now stands. He operated the store from 2013 to 2019 and was at the helm when the store celebrated its
