RBNZ’s Orr admits ‘shortfalls’ on cyber security

But KPMG report also lays blame on vendor for delays in pushing out critical software update

Photo: Rachael King

Reserve Bank of New Zealand governor Adrian Orr has acknowledged “shortfalls” in the central bank’s processes, after a cyber attack led to a data breach in January.

The statement by the governor on May 31 came as KPMG published its report into the incident, which appears to have left cyber criminals able to access sensitive information via a third-party file transfer application (FTA).

“While we were the victim of a widespread illegal attack on the file sharing system, the reserve bank takes

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