New Zealand central bank victim of cyberattack

New Zealand's central bank has suffered a cyberattack. The Reserve Bank of New Zealand (RBNZ) discusses the incident in a press release issued on Sunday January 10, 2021. According to the statement, external actors gained access to one of the facility's data systems. Wellington.

The malicious attack notably affected " a third-party file sharing service used by the central bank to share and store certain sensitive information ". According to RBNZ governor Adrian Orr, the central bank has already managed to contain the incident. “The main functions of the bank remain strong and operational, ” he said.

New Zealand central bank victim of cyberattack

Credits: Pixabay

As a precaution, the RBNZ decided to disconnect its computer system.

Business and personal information stolen?

Orr said the Wellington facility is unable to assess the extent of the damage at this time.

" The nature and extent of potentially accessible information are still being determined, but they may include some sensitive business and personal information , " read the statement released by the RBNZ.

The governor, however, indicated that the central bank is not alone in investigating the incident. “We are working closely with national and international cybersecurity experts and other relevant authorities as part of the investigation and how to respond to this malicious attack , Mr. Orr said.

The number of cyber incidents on the rise in New Zealand

Cybercrime is becoming more and more common in New Zealand. In its report for the third quarter of 2020, the government agency CERT NZ claims to have received 2,610 reports of cybersecurity incidents. Compared to the second quarter of last year, this number has increased significantly. The CERT NZ notably noted a 33% increase.

The hackers targeted New Zealand individuals and businesses. The biggest attack of the third quarter of 2020 occurred in August. The operator of the New Zealand Stock Exchange was hacked, causing trading to halt for four days.

It goes without saying that cyber attacks result in considerable financial loss. According to a report by the Central Bank of New Zealand, released in February 2020, the cost of cyber attacks and cyber incidents to the banking and insurance industry is estimated to be between NZD 80 million and NZD 140 million (roughly NZ $ 47 and 83 millions of euros).

1 Shares
0 replies on “New Zealand central bank victim of cyberattack”