New INTERPOL report documents the threat environment that is already arriving in New Zealand

Report's findings are more proximate to New Zealand's cyber risk environment than most local commentary acknowledges

New INTERPOL report documents the threat environment that is already arriving in New Zealand

Cyber

By Matthew Sellers

The INTERPOL Asia and South Pacific Cyber Threat Assessment 2025/2026 was produced by INTERPOL's cybercrime desk in Singapore, drawing on survey responses from 18 member countries and intelligence from private sector partners. New Zealand is among those countries. The assessment covers January 2024 to March 2025 and documents a regional cybercrime ecosystem that is, in INTERPOL's own framing, industrialised - operating at the scale, structure and sophistication of a commercial enterprise rather than a collection of opportunistic actors.

The headline data: more than 135,000 ransomware attacks in 2024; deepfake discussions on criminal forums surging 600% in five months; scam centre operations generating close to $40 billion annually. Over 6.5 billion cyber threats were detected and mitigated across the region between January and December 2024. These figures describe the environment in which New Zealand organisations are operating.

Data analysis

Asia-Pacific cyber threats: volume vs insurance severity

Each bubble is one of the top five cybercrime types ranked by INTERPOL across 18 member countries. Horizontal: case volume. Vertical: insurance claims severity. Bubble size: pace of escalation. Hover for detail.

High vol / High severity High severity / Lower vol Moderate severity / High vol Emerging / Accelerating
Ransomware: high volume, very high severity. Online scams: very high volume, high severity. Banking trojans: high volume, moderate severity. BEC: moderate volume, high severity. Deepfakes: lower volume, escalating severity.

Ransomware avg claim

$508,000

+16% YoY · At-Bay 2025

Scam centre losses

~$40bn/yr

UNODC est · INTERPOL

Social engineering claims

+233%

YoY · Aon APAC 2025

Deepfake forum activity

+600%

Feb–Jun 2024 · INTERPOL

Sources: INTERPOL Asia and South Pacific Cyber Threat Assessment 2025/2026; Willis Cyber Claims in Focus 2026; DUAL Global Cyber Outlook April 2026; At-Bay 2025 Cyber Claims Report; Aon APAC Cyber Risk Report 2025; UNODC TOC Convergence Report 2024. Axis positions are indicative indices.

The deepfake incidents are already here

In February 2024, a Hong Kong employee transferred $25 million after deepfakes impersonated executives on a video call. In March 2025, a Singapore finance director nearly lost over $499,000 in a near-identical attack. INTERPOL frames these as representative of a pattern, not anomalies. Nearly 29% of New Zealanders have been targeted by deepfake scams in the past year, according to Mastercard-commissioned research. The events INTERPOL documents in Hong Kong and Singapore are the corporate-scale version of an attack pattern that is already well-established in the New Zealand consumer market.

What brokers and underwriters should take from this

Data analysis

The threat-premium divergence: Asia-Pacific, 2022–2026

Four threat indicators indexed to 100 at 2022 (left axis, rising = worsening). International cyber insurance rates indexed to 100 at Q4 2023 (right axis, falling = softening market). The growing gap represents the pricing tension facing London market underwriters.

Ransomware attacks DDoS attacks  UK cyber claims Avg ransomware claim  Cyber rates (right axis)
Ransomware index: 100 (2022) to 215 (2024). DDoS index: 100 (2022) to 227 (2024). UK cyber claims index: 100 (2023) to 330 (2024). Avg ransomware claim index: 100 (2022) to 144 (2025). Cyber insurance rate index: 100 (Q4 2023) to 57 (2026 projected).

The pricing gap: International cyber insurance rates have fallen 43% since Q4 2023 (DUAL, April 2026), while UK cyber claims hit £197m in 2024 — a 230% year-on-year increase (ABI). S&P Global Ratings has forecast a 15–20% premium increase in 2026 as claims severity catches up.

Sources: INTERPOL Asia and South Pacific Cyber Threat Assessment 2025/2026; ABI (UK claims £197m in 2024, +230% vs 2023 — UK series indexed from 2023=100); DUAL Global Cyber Outlook April 2026 (−43% from Q4 2023); At-Bay 2025 Cyber Claims Report (+16% to $508k); S&P Global Ratings 2026. Ransomware and DDoS indices are directional, derived from INTERPOL-cited growth rates applied to index base. 2026 figures indicative only.

 

Duncan Morrison, cyber practice leader at Aon New Zealand, has noted that most New Zealand organisations have no idea the specialist ransomware negotiation world exists - and that the risk management gap this represents could matter more than ever as the threat environment shifts. INTERPOL's report adds a further dimension: the regulatory compliance weaponisation tactic, in which threat actors threaten to report alleged compliance violations to regulators unless ransoms are paid, is specifically designed to exploit the kind of regulatory frameworks that New Zealand is actively building. The February 2026 government discussion document on critical infrastructure cyber security - which found that 80% of private sector experts said their organisations lacked basic cyber hygiene for operational technology - describes a target environment the INTERPOL report's threat actors are already equipped to exploit.

The industrialisation of ransomware means the barrier to entry has collapsed, and attackers can scale faster and adapt more quickly than at any previous point. New Zealand's position within the Asia-Pacific region means the threat infrastructure INTERPOL has documented is not a distant concern. It is the operating environment for New Zealand's cyber risk portfolio, and it deserves to be priced accordingly.

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