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New Zealand Central Bank Hit By Cyber Attack

Admin by Admin
January 10, 2021
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New Zealand Central Bank Hit By Cyber Attack
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New Zealand’s central bank said Sunday it was responding with urgency to a “malicious” breach of one of its data systems, a third-party file sharing service that stored “sensitive information”.

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Reserve Bank of New Zealand governor Adrian Orr said the breach had been contained and the system was taken offline but it would take time to determine what information had been accessed.

“We are working closely with domestic and international cybersecurity experts and other relevant authorities as part of our investigation and response to this malicious attack,” Orr said.

“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,” he added.

“It will take time to understand the full implications of this breach, and we are working with system users whose information may have been accessed.”

In its latest report, the government agency CERT (Computer Emergency Response Team) said cyber attacks had increased 33 percent year-on-year in New Zealand.

The country’s stock exchange was targeted by sustained DDoS (distributed denial of service) attacks last August, forcing trading to be halted on four consecutive days.

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The Podium Media is an international, general-interest magazine dedicated to the dissemination of news and other general information that enhance the personal development, business success, and career growth of its readers. We partner with individuals, organisations, and government in the development of society. The Podium Media celebrates the best of humanity.

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