New Zealand Central Bank Says Its Data System Was Breached

The Reserve Bank of New Zealand said on Sunday that it was responding with urgency to a breach of one of its data systems, Reuters reported. A third-party file-sharing service used by the central bank to share and store some sensitive information was illegally accessed, the bank said in a statement. RBNZ Governor Adrian Orr said that the breach had been contained but added it would take time to understand the full implications of this breach. n August, the operator of New Zealand’s stock exchange was hit by cyberattacks. InPhySec, an independent cybersecurity firm tasked with reviewing the cyber attacks, said the volume, sophistication and persistence of the attacks were unprecedented for New Zealand. In a November 2019 Financial Stability report, the RBNZ warned that the frequency and severity of cybersecurity incidents were on the rise in New Zealand. Read more.