Tuesday, January 25, 2022

Slide Slide
Home Cyber Security New Zealand central bank says its data system was breached

New Zealand central bank says its data system was breached

The third party file sharing programme used by the central bank to exchange and archive some classified information was unlawfully accessed, the bank said in a statement.

WELLINGTON: Reserve Bank of New Zealand reported on Sunday that it was responding urgently to a failure of one of its data systems.

The third party file sharing service used by the central bank to exchange and archive some sensitive information was illegally accessed, the bank said in a statement.

RBNZ Governor Adrian Orr said the violation had been contained but noted that it would take time to control the full implications of the infringement.

“The nature and extent of information that has been potentially accessed is still being determined, but it may include some commercially and personally sensitive information,” Orr said in a statement.

In August, the stock exchange operator of New Zealand was targeted by cyber attacks. InPhySec, an independent data security consultancy charged with reviewing cyber threats, said the volume, complexity and persistence of the attacks in New Zealand was unprecedented.

In the November 2019 Financial Stability Update, the RBNZ cautioned that the number and magnitude of cyber security incidents in New Zealand is on the rise.

In February last year, the bank announced that the estimated costs of cyber attacks for the banking and insurance sector ranged from NZD80 million ($58 million) to NZD140 million per year.

“More extreme events have a low probability but are still plausible,” the bank said in the survey.

Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo


Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

Adoption of digital technologies needs an investment in acquiring and implementing the right technologies, says Archana Goel, Founder & IT Leader of Akshpro IT...

77 per cent of companies consider missing digital skills as the key hurdle to their digital transformation This is an exclusive interview conducted by Santosh...

5G radio solutions deployed by du to reduce network carbon footprint

This collaboration is part of du’s plan to simplify network rollout and efficiently manage the expected growth in data traffic over its 5G network...

AI supercomputer created by Meta

Once it is fully built around the middle of the year, the AI supercomputer will be the fastest in the world Meta, the parent company...

Cloudflare signals expansion in Asian region

To bring more bucks through the Cloudflare door, another role, titled "Regional Major Account Executive – Gaming and Online Casino" gets the job of...

Recent Comments