RBNZ’s Orr admits ‘shortfalls’ on cyber security

RBNZ
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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Combatting the ever-changing cyber threats in banking

Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.

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