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The Central Bank of New Zealand states that the system has been hacked to access “sensitive” data

Reserve Bank of New Zealand (Image: Reuters)

RBNZ Governor Adrian Oh said the breach was contained, but added that it would take time to understand the full impact of the breach.

  • Reuters
  • Last updated: January 10, 2021 15:57 IST
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The Reserve Bank of New Zealand said on Sunday that it was urgently responding to the breach of one of its data systems. A third-party file-sharing service that the central bank uses to share and store sensitive information has been illegally accessed, the bank said in a statement.

RBNZ Governor Adrian Oh said the breach was contained, but added that it would take time to understand the full impact of the breach. “The nature and scope of the information that may be accessed has not yet been determined, but it may contain sensitive information, both commercially and personally,” Orr said in a statement.

In August, New Zealand stock exchange operators were hit by a cyberattack. InPhySec, an independent cybersecurity company tasked with reviewing cyberattacks, said the volume, sophistication and persistence of attacks are unprecedented for New Zealand.

In its November 2019 financial stability report, the RBNZ warned that cybersecurity incidents are becoming more frequent and severe in New Zealand. In February last year, banks said in a report that the estimated cost of cyber incidents in the banking and insurance industry was between NZ $ 80 million ($ 58 million) and NZ $ 140 million annually.

“More extreme events are less likely, but still plausible,” the bank said in its report.

The Central Bank of New Zealand states that the system has been hacked to access “sensitive” data

Source link The Central Bank of New Zealand states that the system has been hacked to access “sensitive” data

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