INTRODUCTION• In 2014 the total of loss reported was nearly 8

million dollars including 8121 incidents.• Since January of 2015 Online fraud in New

Zealand has cost 21 million dollars including 8570 incidents reported.

• The increment in the amount of financial losses of fraud is growing and it seems this increment is not going to stop.

• The most common scams related to online fraud in New Zealand: See chart below.

AIMThe purpose of this research is to find key aspects of the increment in the number of online fraud and what is the correlation associated with this increment.

METHODThe data utilized in the research correspond to a mix of quantitative data and qualitative data, including publications and articles published between 2012 to 2016. Application of statistical functions to determinate result.

RESULT• The research suggests that there is a significant increment of internet users in

New Zealand in the last 3 years, it means nearly 400.000 new internet users since 2014.

• There is a short list of skilled people qualified to performance online security jobs in New Zealand.

• 73% of New Zealander use the internet to get access to the bank, this high rate of online banking facilitates to scammers performance phishing practices.

• Scammers are using more sophisticated fraud internet users as an example contacting call centers, buying ads online and building high-quality websites replicas.

Study Case Business Email Compromise

CONCLUSIONIn conclusion, there are many the key aspect that influences the increment of online fraud in new Zealand, the lack of professionals specialized in security, plus the high rate of internet users and practices such as online banking make new Zealand a paradise for the scammers. We can add that the professionalization of the scammers is making very difficult to find out and stop the scammers. An interesting point for futures research could be the analysis of what is happening in New Zealand in terms of prevention against to online fraud.

ReferencesLINKS• www.netsafe.org.nz/ • www.consumerprotection.govt.nz• www.internetlivestats.com• www.stats.govt.nz• www.securitycentral.org.nz/ • www.lawsociety.org.nz• www.stuff.co.nz • www.police.govt.nz

Source NetSafe Report 2014 Net Safe Report 2015

Chart Online Fraud in New Zealand 2015 - 2016

$- $500,000.00

$1,000,000.00 $1,500,000.00 $2,000,000.00 $2,500,000.00 $3,000,000.00

0200400600800100012001400

Loss Cases

2014 2015 20160

100020003000400050006000700080009000

Cases

2014 2015 2016 $-

$2.00 $4.00 $6.00 $8.00

$10.00 $12.00 $14.00

Total in Million

2014 2015 20163,700,0003,750,0003,800,0003,850,0003,900,0003,950,0004,000,0004,050,0004,100,000

Internet Users NZ

Roberto Pavez MSYS558-16B (NET)Contemporary Issues in E-BusinessWaikato University

Investment scamsAccount compromised

Banking and phishing Charity

Charity scams Computer security

Computer virus scams Dating and romance scams

Door to door scamsEmployment scams Flatmate and rental

Health and medical scamsHoliday and travel scamsLottery and competition

Small business Upfront payment scams

0% 20% 40% 60% 80%100%

2014 2015

INCREMENT OF ONLINE FRAUD IN NEW ZEALAND

Comparative Average of Financial Loss

• Source Net Safe Report 2015